PMFBancorp.com

January 2007


Monthly Market
UPCOMING PMF EVENTS

SAT | FEB. 10

Canton Fair Booth Registration Deadline

MON | FEB. 19

Registration deadline for PMF/LA Delegation to China (see below or click here for more information)

TUE | MAR. 27

The Future of Trade Finance …Made Easy

-Sub-topic:Learning about China's Biggest Sourcing Fair in April:The Canton Fair

TUE | MAY 22

Economic Policies of Banking and Finance Affecting SMEs in the U.S. and China

TUE | JUL. 24

Inside Info you need to know to conduct business in Shenzhen and Shanghai

TUE | SEPT. 25

How to Decide whether to Source or Manufacture Direct in China


TUE | DEC. 4

New Business Policies in China Creating Opportunity for U.S. Business



Stephen Perl, CFO of PMF Bancorp, talks with Governor Schwarzenegger in Los Angeles.

PMF Speaks to the Governor on Minority Loans
In Los Angeles, Stephen Perl, CFO 1st PMF Bancorp, met with Governor Schwarzenegger to pose some tough questions. The most important question was “Would Minority Businesses in California share directly with the contracts that would be issued for the newly passed Propositions 1a, b, c & d for Infrastructure projects instead of being issued to large companies and leaving to them to distribute contracts?” His explanation was to emphasize that he made an executive order in California that 25% of all projects in the state would be given to Minority Businesses directly. This is an important issue to 1st PMF Bancorp, because 2/3 of our portfolio are minority companies.

PMF uniquely provides access to a minority loan program in California that other banks do not offer, through a fund in New York. The qualifications for this loan simply require that the minority business be certified by the Southern California Minority Business Development Council and be doing business with one of the thousands of corporate members listed on the local minority council's website at www.scmbdc.org or National Minority Business Council at www.nmsdcus.org. This minority loan is also unique due to the fact that it provides simple access for our clients to do business or become vendors with top tier companies (or listed corporate partners).


The Canton Fair and LA Mayor’s Business Delegation Want You!

In 1957, the seeds to the world’s greatest manufacturing/products fair were planted in China as the Canton Fair. Today, the fair has been renamed The China Import and Export Fair because it is no longer strictly a platform for Chinese companies to sell to foreigners. Because of China’s fast growth and demands for imported resources (as well as political pressure), China has opened the platform for the first time this year to U.S. companies looking to sell their products to China . An average booth at the fair costs $25,000 (with multiple year waiting lists) and these booths are now being given to foreign companies for approximately $3000 (incredible!)

As a partner with The Canton Fair, 1st PMF Bancorp is assisting the Fair to coordinate the introduction of U.S. businesses and the Chinese need for goods.

1st PMF Bancorp will also assist in leading the Los Angeles Mayor’s Business Delegation from April 12th to 22nd through China and to The Canton Fair. These are golden opportunities to grow our U.S. firm's international sales and meet excellent contacts in China. However, there are two DEADLINES to keep in mind: Feb. 19th is the last day to sign-up with LA City’s Delegation, and Feb. 10th is the final day of booth reservation at The Canton Fair in order to promote your goods (there are only 30 slots left). The Mayors delegation will cost approximately $2500 per person (based on double occupancy) and a $500 deposit is required.

Contact Stephen Perl, CFO at 1st PMF Bancorp for more info and to reserve spots (stephen@PMFbancorp.com ).




Remember when "Banks say NO, PMF Bancorp says Yes!". For more info on 1st PMF Bancorp's Working Capital / Lines of Credit, Minority Loan, Factoring, Purchase Order and/or Trade Financing Programs, please feel free to contact us via email or the telephone (310) 858-6696

For more info on our services in U.S. and China, please visit our sites below:
1st PMF Bancorp (USA) (310) 858-6696 x204.
Baoli Investments (PMF's China Subsidiary)
Visit our websites at :
www.PMFbancorp.com.cn (China)
www.PMFbancorp.com(U.S.)

In Quotes___________

On Perserverance:

"Motivation is what gets you started. Habit is what keeps you going."
- Jim Ryun, track athlete and former congressman



Exec Tech Tools___________

Apple announces the iPhone

During his Macworld 2007 keynote in San Francisco, Steve Jobs unveiled the much anticipated iPhone.

It will end up being three devices in one: a cell phone, a wide-screen iPod with touch controls, and an Internet communications device. Cingular (soon to be AT&T) is the sole carrier. It won't be available to consumers until June, 2007.

The 4GB model will cost $499 and the hefty pricetag of $599 will accompany the 8GB version (both require a two-year contract).

True to form, Apple made a phone with a smooth design and an innovative interface. Say goodbye to traditional cell phone buttons--this phone is all touch screen, all the time.
The "smart" screen is one of the coolest things about this gadget. It shifts automatically to a landscape orientation when you start to play a video. One giant touch screen controls the phone, and no stylus is needed. Use your fingers to type messages and e-mails on an onscreen keyboard.
Another interesting innovation is the voicemail system. Rather than forcing you to call your voice mail and waiting to browse through multiple messages to hear the one you want, Visual Voicemail displays all the messages you have in a list, similar to an e-mail in-box. All you have to do is select the message you want and listen away.

Beyond the music player, the iPhone runs on Mac OS X and promises a 2-megapixel camera, a photo-management tool that rotates the display for landscape photos (like with videos), support for Google Maps, conference calling, a speakerphone, and text and multimedia messaging. Connectivity options also look promising with stereo Bluetooth, Wi-Fi, POP3 and IMAP4 e-mail, and a Safari Web browser.

It isn't all good, though. There is a rather short, yet relevant, list of concerns. First, there's the possibility of real problems with the touch screen (scratches and finger grease anyone?) Secondly, not everyone is going to want a somewhat bulky convergence device, when most people are completely satified having a tiny phone and seperate music player. And finally, the price is a bit steep for a phone, no?

But all in all, it looks like it has promise. And we may all be typing our emails right onto the screens of our phones from now on...at least we will if Steve Jobs has anything to say about it.


1st PMF BANCORP - "Family run and Financing the World Since 1985"

Ofc: (310) 858-6696
Fax: (310) 273-6936

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