To: Kevin Shea who wrote (1771 ) 2/25/2000 9:03:00 AM From: Shroom37 Read Replies (2) | Respond to of 48461
Kevin, I'm still kinda new to all this but TWFC looks kinda shakey to me. This news of 2/9/20 says they are getting close to bankruptcy and the officer are leaving right and left. What I'm I missing? Shroom All Headlines T&W Financial Announces Loss of Servicing TACOMA, Wash.--(BUSINESS WIRE)--Feb. 9, 2000--T&W Financial Corporation (Nasdaq: TWFC) (the "company") announced today that its operating subsidiary T&W Financial Services Company L.L.C. was terminated effective Feb. 8, 2000, as servicer on substantially all of its remaining portfolio of leases serviced, or about $450 million of leases serviced. The company also announced that Paul Luke and Kenneth McCarthy had resigned from the board of directors and from their positions as vice president/director of finance and vice president/general counsel, respectively. As previously announced, the company anticipates filing a petition in bankruptcy in the near future. The foregoing contains forward-looking statements regarding the company's current expectations. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements, including actions that may be taken by unsecured creditors, the timing and nature of any bankruptcy or similar proceeding and the effects of resignations of officers and directors and the termination of servicing. Readers should not place undue reliance on such forward-looking statements, which reflect the company's view only as of the date hereof. The company undertakes no obligation to revise these forward-looking statements to reflect subsequent events or circumstances. -------------------------------------------------------------------------------- Contact: