For
Immediate Release
For More Information, Contact Louis Manitzas
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512.458.1300
OneWorld Leasing, Inc. Announces Move to Austin, Texas and
Joint Venture with OneSource Financial Corp.
Austin, Texas, April 7, 2010…OneWorld Leasing, Inc., the country’s first
and only commercial equipment finance cooperative, announced today that it has
officially moved its headquarters and operations to Austin, Texas. OneWorld
will share offices with OneSource Financial Corp., a commercial finance
company, as part of a joint venture that will allow OneWorld to expand its back
office capabilities and increase its funding capabilities for its
members.
According to Lou Manitzas, President of OneWorld Business Finance, LLC, the
operating arm of OneWorld Leasing, “The joint venture between OneWorld and
OneSource gives OneWorld additional staff to perform credit and documentation
functions and makes the company more of a business entity rather than just a
cooperative. It will also allow OneWorld to begin serving captives and
independent lessors while continuing to work with the brokers who currently
comprise the majority of its members. Although 2009 was a rough year for
everyone in our industry, things seem to be turning around, and I believe that
the change OneWorld is making give the company, as well as its members, a leg
up on the competition in the future."
In related news, OneWorld announced that it has begun accepting new
applications for membership in OneWorld after a two-year hiatus. Members enjoy
access to preferred funding sources, group purchasing, and community
privileges. Businesses interested in applying for membership should go to www.oneworldbusinessfinance.com.
Founded in 2002, OneWorld Leasing, Inc. is the first and only commercial equipment
finance cooperative in the United States. Its 25 members are located across the
country and are captive finance companies, community bank leasing originators,
industry specialists and generalists in all markets from small to large
ticket. OneWorld Leasing has succeeded because of its high ethical
standards, system of best practices for its members, and because it aggregates
origination volume to achieve higher market penetration for those members.
OneWorld Business Finance, LLC is the operating arm of OneWorld Leasing. It is
a joint venture between OneSource Financial Corp. and OneWorld Leasing, Inc..
OneSource Financial Corp. is an Austin-Texas-based commercial finance company
that was established in 1995. Although OneSource Financial primarily
provides leases and loans for business equipment to middle market companies, it
also helps place other types of business financing, including accounts
receivable and purchase order finance, credit card processing and capital for
expansion.
OneWorld Business Finance. Adds Two Directors to Board
PHOENIX, AZ—OneWorld Business Finance announces Board of Directors election results. The member-owners of OneWorld Business Finance—25 strong—elected two new board members at its annual meeting earlier this month in San Diego, CA. Elected were Marc Keepmanof KLC Financial in Minnetonka, MN, and Kip Amstutz, of Mantis Financial in Austin, TX. Additionally, David Stearns, of American Leasing Alliance in Algonquin, IL, was elected to the position of Director Emeritus of the OneWorld Business Finance board. Mr. Stearns is the founder of OneWorld Business Finance and has served on the board since OneWorld’s inception in 2002. The officers of the board remain the same, with Stan Ragleyof Leasing Resources, Inc. as Chairman, Chris Cooperof Alternative Capital as Vice Chairman, Aaron Rios of ProLease as Treasurer, and LindaJolicoeur of Target Equipment Leasing as Secretary. Lou Manitzas of OneSource Financial continues as President of the cooperative.
About OneWorld Business Finance OneWorld Business Finance is a Delawarecorporation with its operations office in Phoenix, AZ. OneWorld is a business cooperative created to help independent equipment leasing and finance companies further their common interests and to obtain greater marketing strength and funding power in the industry. OneWorld operates on a cooperative basis and is owned and controlled by its members who use its services. OneWorld's motto is "Strength in numbers,"and its goal is to leverage the volume of the co-op to provide members with revenue opportunities, business services, national vendor programs, best practice activities and access to funding sources that may be unobtainable individually.
OneWorld Business Finance actively pursues new members that have demonstrated ethical leasing standards over many years. Membership qualifications require a commitment to the broker/lessor equipment leasing and finance industry, strong consistent leadership and a willingness to share experiences with like-minded industry participants.
During 2008, OneWorld members originated equipment finance transactions of nearly $400 million for its customers and vendor-partners.
OneWorld Business Finance. Announces Record Year-end Results
SAN DIEGO--OneWorld Business Finance announces record year-end results. At the annual meeting of OneWorld Business Finance in San Diego, CA, OneWorld announced it had passed the milestone of financing $50 million in capital equipment for fiscal year 2008. In addition, its 25 members reported combined originations of nearly $400 million.President Lou Manitzas said, "We all know times are tough, and this is when it is nice to be in a cooperative with your peers, proving our motto, 'Strength in numbers'."
About OneWorld Business Finance OneWorld Business Finance is a business cooperative created to help independent equipment leasing and finance companies further their common interests and to obtain greater marketing strength and funding power in the industry. OneWorld operates on a cooperative basis and is owned and controlled by its members who use its services. OneWorld's motto is "Strength in numbers,"and its goal is to leverage the volume of the co-op to provide members with revenue opportunities, business services, national vendor programs, best practice activities and access to funding sources that may be unobtainable individually.
OneWorld Business Finance actively pursues new members that have demonstrated ethical leasing standards over many years. Membership qualifications require a commitment to the broker/lessor equipment leasing and finance industry, strong consistent leadership and a willingness to share experiences with like-minded industry participants.
During 2008, OneWorld members originated nearly $400 million of equipment finance transactions for its customers and vendor-partners.
OneWorld Business Finance. Announces Romoff Retires
January 2nd, 2009
CONTACT:
Stan Ragley: 704.895.8888
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OneWorld Leasing, Inc. Announces Romoff RetiresPhoenix, AZ – OneWorld Business Finance, Inc. announced today the retirement of its President and CEO, Ira Z. Romoff. A long time industry fixture in small and mid-sized leasing and a former director of the EAEL (now NEFA) and the ELA (now ELFA), Romoff will do some part time consulting. “I want to enjoy the winter months golfing in Florida.” Romoff said. “OneWorld Leasing increased our membership and our revenues during Ira’s tenure,” said Aaron Rios, Treasurer of OWL and President of Prolease. “We wish Ira the best in his retirement. The Board of Directors worked closely with Ira during the last 2 ½ years and we anticipate a seamless transition in continuing to provide value to our members” said Stan Ragley, Chairman of OneWorld and President of Leasing Resources Inc.
About OneWorld Leasing, Inc.. OneWorld Business Finance is a business cooperative created to help independent equipment leasing and finance companies further their common interests and to obtain greater marketing strength and funding power in the industry. OneWorld operates on a cooperative basis and is owned and controlled by its members who use its services. OneWorld’s motto is “Strength In Numbers” and its goal is to leverage the volume of the co-op to provide members with revenue opportunities, business services, national vendor programs, best practice activities and access to funding sources that may be unobtainable individually.
OneWorld Business Finance, Inc. actively pursues new members that have demonstrated good, ethical leasing standards over many years. Membership qualifications also require a commitment to the broker/lessor equipment leasing and finance industry, strong consistent leadership and a willingness to share experiences with like-minded industry participants. During 2007 OWL members leased and financed in excess of $350 Million of equipment for its lessees and vendors.
