Phoenix American Career Opportunities

Corporate History:

* Founded in 1972
* Parent is Phoenix American Incorporated
* Publicly traded from 1982 to 1990, now privately held
* Entrepreneurial spirit
* Four business segments developed from origins in limited partnership syndication

Phoenix American Companies Business Segments:

1. Phoenix Leasing Portfolio Services, Inc.
– Lease and loan portfolio services for equipment lessors, vendors and banks
2. Phoenix American Financial Services, Inc.
– Outsourcing (tax, accounting and investor services)
3. Phoenix American SalesFocus Solutions, Inc.
– Sales force automation and customer relationship management software
4. Phoenix Cable Incorporated
– Cable television system operation and management

Phoenix American Companies Service Offerings:

* Lease and Loan Portfolio Management
* Equipment Lease Programs for Banks
* Vendor Programs
* Financial Reporting
* Accounting Services
* Tax Services
* Investor Services
* Equipment Remarketing
* Sales Force Automation
* Legal Services
* Information Systems

Lease and Loan Portfolio Management (by Phoenix Leasing Portfolio Services, Inc.)

* Complete portfolio management through Outsourced Portfolio and Leasing Services (OPALS)
* Credit review
* Contract documentation
* UCC filing, search & review
* Invoicing & remittance processing
* Insurance tracking
* Collections
* Direct leasing and lending to thousands of customers

Equipment Lease Programs for Banks (by Phoenix Leasing Bank Services, a division of Phoenix Leasing Portfolio Services, Inc.)

* Leases structured with either the bank or Phoenix as lessor
* Documentation
* Full portfolio management through Outsourced Portfolio and Leasing Services (OPALS)
* Private label programs available
* Customized marketing and sales options

Vendor Programs (by Phoenix Leasing Vendor Services, a division of Phoenix Leasing Portfolio Services, Inc.)

* Customer financing at competitive rates
* Customized program design
* Lease and loan portfolio management through Outsourced Portfolio and Leasing Services (OPALS)
* Lease and loan accounting
* Turnkey programs

Financial Reporting (by Phoenix American Financial Services, Inc.)

* Currently generating GAAP basis reports for 29 different entities
* Full GAAP financial statements for 24 entities (21 are audited)
* 9 SEC registrants (full 10K’s and 10Q’s)
* Industry specific expertise in leasing, software, cable television, asset securitizations, and financial outsourcing

Accounting Services (by Phoenix American Financial Services, Inc.)

* General ledger accounting
* Accounts payable processing
* Cash management services
* Fixed asset reconciliations
* Account analysis
* Audit workpapers & support
* Management reporting

Tax Services (by Phoenix American Financial Services, Inc.)

* Federal, state & local returns
* Sales, property & income tax
* Experience in all states
* Over a thousand returns prepared annually
* Over 200,000 K-1’s prepared annually
* Over 40,000 1099’s prepared annually

Investor Services (by Phoenix American Financial Services, Inc.)

* Full service investor administration outsourcing
* Transfer agency, investor relations, dividend & commission calculation, proxy voting & tax reporting
* Administrator for over 586,000 investments
* 17 syndicators
* 460 funds

Equipment Remarketing (by Phoenix Leasing Portfolio Services, Inc.)

* All asset types
* In-house equipment valuation specialists
* Computerized inventory system
* Sales to existing lessees or third parties
* Warehousing of off-lease equipment
* Extensive contacts with equipment brokers in all parts of the country
* Active use of on-line auction sites

Sales Force Automation (by Phoenix American SalesFocus Solutions, Inc.)

* Feature rich customer relationship management (CRM) software
* PDA-enabled
* Detailed customer sales and assets activity reporting
* Literature fulfillment features
* Application hosting, installation, data conversion and training services available

Legal Services (by Phoenix American Incorporated)

* Review & negotiation of lease and loan contracts and associated documentation
* Analysis of guaranties, credit enhancement and documentation, (additional equipment, vehicles, real estate, etc.)
* Initiation and/or management of action against delinquent/defaulted accounts

Information Systems (by Phoenix American Incorporated)

* Full hosting capabilities
* Secure data center with stand-alone A/C and uninterruptible power supply, backed up by diesel generator
* Daily backup of all critical files
* Off-site storage of backup data
* Disaster recovery program
* On-line access
* Virtual private networks

Phoenix American Companies Portfolio Financing Experience

* Phoenix American Companies Sponsored Partnerships
* 31 limited partnerships (28 public)
* $940 million in equity raised
* Over $2 billion invested
* Over 100,000 individual investors

Phoenix American Companies Managed Partnerships

* Over 500,000 individual investors
* Over 225 client entities
* Over 50 public limited partnerships
* Private limited partnerships
* REITS
* Grantor trusts

Phoenix American Companies Sponsored Securitizations

* Over $200 million in assets securitized
* 6 transactions of $20 million to $40 million each
– Typically 3 classes of notes with the senior class rated “A”
* Revolver & prefunding features
* Underwriters:
– Prudential Securities
– Lehman Brothers
* Rating Agencies:
– Duff & Phelps
– Fitch IBCA
* Trustee: Bankers Trust/Deutsche Bank

Phoenix American Companies Managed Securitizations

* $6.1 billion of initial securitized assets
* $5 billion of debt issued
* Underwriters:
– Credit Suisse First Boston, Lehman Brothers
* Rating Agencies:
– Moody’s, Standard & Poor’s, Fitch
* Trustee: Bankers Trust/Deutsche Bank

Phoenix American Companies Retired Term Loans

* Warehouse loans of over $80 million
– Fleet/BankBoston
– Union Bank of California
– BHF Bank
* Term loans of $100 million
– CIT
– East West Bank
– Wells Alaska/National Bank of Alaska
– Comerica Bank/Imperial Bank

Phoenix American Companies Portfolio Purchases & Sales

* $40 million of proceeds in 13 transactions
* Transactions from $500,000 to $14 million
* Buyers/Sellers include Finova Capital, Textron Financial & Equilease Corp.
* Reserve accounts
* Full recourse, limited recourse & non-recourse
* Phoenix American Companies

Summary

* Over 30 years in business
* Proven processes and systems
* Positive, “can do” approach to providing high quality client service
* Individually tailored product offerings to meet your specific needs
* Your complete lease portfolio outsourcing solution