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LYN L. STORY
Licensed Auto Dealer, previous US Bank & Key Bank Branch Manager, Mortgage Broker & Company Owner, Landlord (who owns eight rental properties), Previous Auto Mall Finance Manager & Top Salesperson (right out of college), Lyn is the epitome of an ESP Auto Financial Adviser™ who creates repeat business in the right way.
Lyn graduated Cum Laude in 1992 from Clemson University with a major in Finance, a minor in Accounting, and a double concentration in Banking and Real Estate. Wanting a short term job before moving out of state, he started selling VW, Porsche, Audi, Mitsubishi, and Hyundai at the Greenville Auto Mall. After several months of being the top salesman he was promoted to Finance Manager where he arranged vehicle financing through banks and leasing companies. Five years later the Auto Mall was purchased by another local dealer and Lyn took that opportunity to take some time off, travel, and find a new place to call home.
Lyn fell in love with the snow and mountains of Colorado and moved there shortly after. He started selling vehicles at a local Toyota dealership before being contacted to work as a banker at US Bank. After being the top banker in the company in 1998 he was promoted to bank manager. He developed many referral sources in both the auto and mortgage industry and decided to use that experience to start a mortgage brokerage company. He enjoyed restructuring his clients mortgages to give them more funds to spend in more productive ways to meet their long term objectives. In response to several years of dropping real estate values he decided to go back to the banking industry and went to work with Key Bank. After several years at Key Bank his auto referral sources convinced him to follow his passion for the auto industry and open his own dealership.
Lyn created Quality Auto Sales as a means to address some shortcomings in the auto sales industry. He felt that the auto industry had a reputation for dishonest practices and unfair lending that left customers in a vehicle they could not afford and could not trade out of. He hoped to find a better way of doing business that would give his customers the vehicle they wanted at a fair price. He kept a small lot with good vehicles at reasonable prices but also spent time with his clients evaluating what they wanted and needed in a vehicle and finding the perfect vehicle at the local and national auctions.
With his background in banking, auto finance, and mortgages Lyn developed a consultative form of sales where the client’s total financial background was often discussed and advice given based on the overall needs of the customer and his or her family. He knew that it’s not always how much money someone makes but how it is spent and how well his client takes advantage of financial options. Whether it’s opening a proper bank account, saving for retirement through investing, finding the perfect mortgage option, or using the correct financing plan when purchasing a vehicle, every decision makes a difference to his client’s overall financial success.
Lyn was excited to find ESP and become a part of the company. After years of not being satisfied with the auto financing options available to his clients he was shocked to find the answer to all the shortcomings in the auto industry. Not only can ESP offer a solution that lets his clients avoid the high costs of new vehicle purchases it also provides a method of keeping more income to be used for better uses than financing a depreciating asset. With a wide spectrum of financial experience and as an expert in the auto industry Lyn recognizes how well suited he is to represent ESP.
KENNIS K. ARGENT
Ken is the CFO/Treasurer of ESP and has been since May, 2007. As well, he is the licensed distributor of all products in District 9 and the shareholder spokesperson for Washington, Oregon and California, but those are not his greatest values to the ESP companies. Beside these, and being a plethora of auto sales industry information, Mr. Argent was instrumental in the invention and legalization of extended service plans for motor vehicles back in the late `60's & early 1970's. Extended Service Plans are an integral part of every Economic Solution Properties pre-owned orthodox lease program© today because the cost of an almost new car with a 100K mile extended warranty is far less than a new vehicle with a nearly worthless 36-month factory warranty.
Mr. Argent attended the University of Washington then worked in real estate sales for six-years. Due to a 1970 economic crisis in Seattle caused by Boeing Company's layoff of fifty-thousand workers, Ken went to work as a sales representative for the president of the Washington State Independent Auto Dealers Association. That gentleman also owned an independent warranty company which provided limited warranties on used vehicles subject to each vehicle passing an independent drive and diagnostic test. During this period, they developed the first extended warranty a customer could purchase to obtain additional mechanical protection for all new domestic and import vehicles as well.
Ken also sold Buick, Porsche and Audi vehicles in 1973 and 1974 while he established a corporation, which became the first national warranty company to set the legal precedence for the sale of service contracts in every state. Mr. Argent worked with the Federal Trade Commission for proper compliance of language and content. Together, they determined the term “Limited Warranty” could no longer be used to sell automotive mechanical coverage. The term “Service Contract” then became the legal description for the industry.
Later, Ken hired the factory warranty manager from a nationally known motorcycle manufacturer and established the first extended service contract for the motorcycle industry. In 1978, Ken sold his warranty company to an A-rated insurance company, but maintained a consultant relationship for two years. Ken developed his own independent agency in 1979, K&R Insurance, Inc., to offer service contracts and other after-market products to the auto industry through the sales departments and finance offices of some of the world's largest auto dealerships.
Like ESP, which started the same year, 1979, K&R is still up and running today after surviving industry events that changed the chemical composition of our interrelated businesses. For many years, extended service contracts were only allowed to be sold by franchised auto-dealers at the time of sale. However, some states have allowed licensed and approved "administrators" to offer them, provided they have proper A rated insurance backing. Some states only allow the sale of ESP's by admitted insurance companies and they are referred to as Mechanical Breakdown Insurance policies. Most insurance companies avoid MBI because it's a drain on their surplus and hinders their ability to write other short term policies.
Prior to the crash of 2009, K&R had approximately 105 dealerships selling thousands of policies per month, but during the financial fallout, the lenders restricted their over advances and made it very difficult to fund service contracts. In addition to tight credit, factories and other lenders made the decision to pull the inventory-financing lines (floor-plan) of many franchised dealers and the factories used the opportunity to consolidate and limit the number of dealers in several markets to make the remaining dealers stronger. Coupled with the closing of several new car dealerships and the severe impact of lower-funding-limits with its large independent dealer client base, K&R literally lost 90% of its volume during that period.
Like ESP, who suffered similar losses because of auto-ecosystem changes involving our dealer-base and elimination of non-factory auto-lease lenders nationwide, K&R knows industry reform to orthodox extended service plans, with third-party vehicle inspections performed by Manheim Auto Auctions, sold by our VFLO© workforce, is the doubly-fruitful solution for the ongoing, rapidly growing auto industry crisis, which is basis of the US economy... which is the enormous wealth about to be recovered for the ESP shareholders.
RENEE L. STARR
Renee is a dedicated professional with long-term customer-service experience in corporate environments such as ClearPoint CCS, Massachusetts VTS, I-Tel Communications Systems, BellSouth Company, GE Capital Financial Card Services and she founded her own successful business. Renee has a master's control of modern computer systems, the western English language and the inherent understanding that a "good deal" has to satisfy all parties. She is the Daily Operations Manager of Cheryl Miller's Virtual Fleet & Lease Office© in Atlanta, GA. Renee's insight is extended to intimate knowledge of Cox Automotive (Manheim) and General Electric Credit Auto Lease through family employment in those Atlanta corporations. Thereby, she knows the cause and effect of the financial failings in the world's largest business, which are a direct result of iniquities in the auto-lease industry in recent years. Renee is an invaluable human asset to ESP's quiet solution of industry reform and recovery prior to litigation.
DOUG KLECK
Doug has proven skills identifying, analyzing, determining and implementing projects and procedures in any synergistic, growth-oriented environment. He holds a Bachelor of Science in finance and marketing from Ball State University. He obtained Indiana securities and insurance licensing right out of college while working for Fortis Financial Group in 1992 where he advised and educated individuals and businesses regarding financial planning, investments and money
management. Mr. Kleck entered the electric and mechanical engineering fields (c. 1993) by working with Kulwin Electric, U-HAUL, Blettner Engineering, and H.A. Waterman Company where his experiences included everything from planning, management, and sales to on site assembly, implementation, customer training and accounting. Doug has represented everything from simple electrician supplies to complex assembly line automation robotics. Doug is with us part time representing ESP clients and shareholders on the board of directors during the PPM. He is helping ESP plan the IPO and warehouse functions, then he looks forward to owning/operating a VFLO© full time.
KATHRYN A. STRIEWE
Katy has proven optimal operational leadership in a much more difficult field - American healthcare and the health insurance industry, which are now failing due to economic crimes throughout history. Ms. Striewe is a Registered Nurse holding a Master of Science in Healthcare Management from Indiana Wesleyan University, another
Master of Science in Life Science – Reproductive Physiology from Indiana State University, a
Bachelor of Science in Nursing from Indiana State University, another
Bachelor of Science in Life Science from Indiana State University, an
Associate of Science in Nursing from Indiana State University and a
Certificate of Forensic Nursing from Kaplan University. Kathryn worked as a shift supervisor over as many as four labor and birthing nurse units for ten-years at Saint Francis Hospital. That experience, including management, hiring, training, payroll, medical allocations, evaluations, politics and insurance, led to the highest positions (director) with Anthem, Blue Choice, Medicare, Medicaid, Populus Group, Great Care Home Health and Blue Cross. Katy is also the second person who registered for a Virtual Fleet & Lease Office© in June of 2017. ESP welcomed Katy Striewe onto the board July 17th, 2017 for multiple benefits like her proven director capabilities, knowledge of life and corporate registrations from birth and her contacts at the highest levels of the medical field will generate literally millions of high-end auto lease transactions for tremendous income, enormous savings for the lessees and mutually beneficial relationships in both industries.
TONY GOODHARDT
Tony and his father are the longest living founders of ESP. They are both copyright authors, but it was Tony who wrote and sustains the world's only used vehicle leasing systems© and nine commercial intellectual properties for ESP. Tony is registered in Library of Congress, the United States Patent & Trademark Office and TG is TONYHART in the HART system who worked on COURTS.GOV with Janet Reno in 1996 and ESIGN (Millennium Digital Commerce Act) with Bob Butterworth in 1994. Mr. Goodhardt has been the principal software engineer for the auto-lease industry since 1977. Tony holds many certificates, licenses and has many accomplishments. He wrote the banking systems for several institutions and he engineered and installed the lease selling systems© for every orthodox lease-lender nationwide. No one knows more about an industry than the principal software engineers.
Tony entered the auto lease industry after attending Indiana-Purdue Extension and Ball State Universities from 1971 to 1974. He claims his real education came from working in his father's printing company after school for 7-years and spending a lot of time with his grandfather, who wrote the US Code in 1929, EDGAR.GOV in 1933 and was one of three founders of the largest US law-firm, Barnes & Thornburg. Indiana is the center of the US population, home to the original auto component designers/manufacturers and the finance center of US military.
Tony's good fortune started on the first day of employment in the auto-lease industry by Quality Leasing, which is the oldest independent leasing company in North America today. He worked as a fleet and lease manager for five years before founding his own leasing agency with General Electric Credit and four alternate sources. High volume and repeat business spurred Mr. Goodhardt to develop higher-tech auto lease software, which eventually became valuable to the industry. Every bank president, every dealer principal educated Tony so he could customize their system©. Therefore, the ESP intellectual properties are an aggregate of knowledge of the greatest minds in the history of auto leasing.
ADVISORS TO THE BOARD
Research and development of solution software comes from identifying problems and eliminating the causes. Recovery of money and reform of the industry (without economic chaos) comes from precision deployment and practical application of the technology in a damaged landscape. The wealth is in the knowledge of how to do this while avoiding the pitfalls and shields emplaced by those that caused the problems to begin with.
ESP relies on its knowledge gained by experience in every aspect of business and investment advisors, chief economists and industry leading reports such as Automotive News, Cox Automotive Used Car Market Report and NADA Data Reports, which are referenced within the Lease Analysis page.
In addition, ESP draws "in-flight data" and eminent knowledge from Rene Abdahlah, senior vice president of the Residual Value Insurance Group, David Ruggles, president of Cyber Calcs & adviser to many auto-lease investment groups. We exchange information with Mark Chandler & Mason Trullinger of Credit Union of America and Bob Perry, General Manager of Centennial Leasing, Denver Colorado. Cindi Gooch, Cox Automotive, and Marta Swarthout, Cerberus Capital Management, make sure those company leaders receive our information. Erika Binger, McKnight Foundation, John J. Murphy, auto investment adviser, BOA Merill Lynch, Alain Nana-Sinkam, VP Industry Solutions, Automotive Lease Guide (ALG), Inc., Jeff Morgan, MUSA Auto Finance, LLC,and others provide intel to help ESP steer clear of quagmires. Ultimately, historically, information from advisers must be scrutinized and then it is not totally accountable, so ESP counts on input and feedback from our shareholders as stated and requested in the PPM documentation.
This page does not replace the insight, knowledge or information you can receive by making contact with the ESP directors. Please contact us by email, roi@esptech.world, or telephone, 800 339-6989.