EAEL August 2005 Newsletter

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EAEL March 2006 Newsletter

EAEL July 2006 Newsletter

EAEL December 2006 Newsletter

EAEL January 2007 Newsletter

Effective Strategies for Minimizing Class Action Exposure--from the EAEL January 2007 Newsletter

EAEL August 2007 Newsletter

EAEL December 2007 Newsletter

EAEL May 2008 Newsletter

PRESS RELEASES

LAKELAND BANK LEASING IS NOW OFFERING its leasing customers insurance coverage through the American Lease Insurance (ALI) program. According to Steve Schachtel, president of Lakeland Bank Leasing, "The growth of our portfolio necessitated an accurately and diligently managed insurance program. [LINK] ALI has delivered that." The ALI program includes comprehensive property and liability coverage on portfolios of equipment costing under $250,000, and tracks insurance coverage during the terms of the leases for lessees who choose to use their own insurance. ALI does not require any lessor premium advances.

"Before ALI, we were tracking insurance manually -- an onerous process," remembers Schachtel. "ALI's program is comprehensive, efficient and effective. It works for us -- and for our customers. We know our equipment is protected on Day One, and our customers are able to fulfill their insurance obligation with a convenient monthly payment." The American Lease Insurance program is fully automated, and is integrated with the LeaseTeam software used by Lakeland Bank Leasing. "The integration helped make the decision for us," says Schachtel, There is another advantage to the ALI program, he notes, "It makes our process easier, since we don't have to verify insurance at the time of funding." With Lakeland Bank Leasing, its 15th client, American Lease Insurance now provides tracking and/or insurance coverage on over 100,000 leases. According to Steve Dinkelaker, founder of ALI, "More and more small-ticket lessors are recognizing the excellent opportunity ALI provides to protect their assets - and taking it." Dinkelaker projects adding ten new clients and doubling the number of leases serviced by ALI by the end of 2004. A licensed insurance agent and broker who has been active in the equipment leasing industry since the mid 1980s, Dinkelaker created, implemented, and managed lease insurance programs for almost all of the major small-ticket leasing companies - and founded American Lease Insurance in 2000. Presently located in Shelburne Falls, Massachusetts, one hour north of Hartford, Connecticut, ALI will be relocating to new corporate headquarters near Amherst, Massachusetts, in August 2004. ALI is a member of the Equipment Leasing Association, the Eastern Association of Equipment Lessors, the United Association of Equipment Leasing, and the National Association of Equipment Leasing Brokers. ALI is also the corporate sponsor of the Equipment Leasing and Financing Foundation's Industry Future Council. Lakeland Bank Leasing was founded in 2000 as a division of Lakeland Bank, the foremost community bank operating in five counties in northwest New Jersey, and the eighth-largest commercial bank headquartered in New Jersey. Lakeland Bank offers comprehensive commercial and consumer deposit and loan services as well as Internet, bank-by-phone and financial planning services. Lakeland Bancorp (NASDAQ: LBAI) is a financial holding company with assets of 1.6 billion.

HUMOR

The EAEL INDEPENDENT MANUAL OF STYLE
Prospective Article Authors should become familiar with our manual to see that their submissions are up to our high grammatical and journalistic standards.

1. Verbs HAS to agree with their subjects.
2. Prepositions are not words to end sentences with.
3. And don't start a sentence with a conjunction.
4. It is wrong to ever split an infinitive.
5. Avoid cliches like the plague. (They're old hat)
6. Also, always avoid annoying alliteration.
7. Be more or less specific.
8. Parenthetical remarks (however relevant) are (usually) unnecessary.
9. Also too, never, ever use repetitive redundancies.
10. No sentence fragments.
11. Contractions aren't necessary and shouldn't be used.
12. Foreign words and phrases are not apropos.
13. Do not be redundant; do not use more words than necessary; it's highly superfluous.
14. One should NEVER generalize.
15. Comparisons are as bad as cliches.
16. Eschew ampersands & abbreviations, etc.
17. One-word sentences? Eliminate.
18. Analogies in writing are like feathers on a snake.
19. The passive voice is to be ignored.
20. Eliminate commas, that are, not necessary. Parenthetical words however should be enclosed in commas.
21. Never use a big word when a diminutive one would suffice.
22. Use words correctly, irregardless of how others use them.
23. Understatement is always the absolute best way to put forth earthshaking ideas.
24. Eliminate quotations. As Ralph Waldo Emerson said, "I hate quotations. Tell me what you know."
25. If you've heard it once, you've heard it a thousand times: Resist hyperbole; not one writer in a million can use it correctly.
26. Puns are for children, not groan readers.
27. Go around the barn at high noon to avoid colloquialisms.
28. Even IF a mixed metaphor sings, it should be derailed.
29. Who needs rhetorical questions?
30. Exaggeration is a billion times worse than understatement.

And the last one...
31. Proofread carefully to see if you any words out.

THE INDEPENDENT
Published by The Eastern Association of Equipment Lessors
62 William Street, 4th Floor
New York, NY 10005
Phone: 212-809-1602  Fax: 212-809-1650

Executive Director and Managing Editor: Alison Pryor  alison@eael.org
Editor: Barry Reitman,  Keystone Leasing, Inc., baldguy@keystoneleasing.com
Associate Editor: Steven B. Geller, Leasing Solutions, LLC, sgeller@leasingsolutionsllc.com

Subscription: $120.00 annually. Free to EAEL Members