Performance Capital Corp

 


MANAGEMENT TEAM

ERIC J. BARASH is President and Chief Executive Officer of the Company. Mr. Barash founded and operated General Interlease Corporation ("GIC") from 1983 to 1996 when GIC was sold to First Sierra Financial, Inc. Mr. Barash developed a highly successful commercial finance company which acted as the financial arm of numerous manufacturers and distributors nationwide. From 1996 to 1999 Mr. Barash was the Senior Vice President of Marketing for First Sierra. In 1999 he formed Performance Capital, a financial solutions provider to customers of manufacturers and distributors as well as financial institutions nationwide. The Company provides leverage guidance to SMB's nationwide. Mr. Barash is a partner and director of Brewco Marketing Group, LLC, the successor company to Brewco Motorsports, Inc. which fielded two full-time Nascar Nationwide Series teams.

Mr. Barash has served as Vice President, Secretary and Director of the Eastern Association of Equipment Lessors, as Florida Regional Chair of the United Association of Equipment Lessors and on several committees of the Equipment Leasing Association. Mr. Barash is a graduate of Long Island University, C. W. Post College with a BS in Economics and Marketing and has a law degree from the University of Miami.

MARTIN SHAMES is Executive Vice President & Chief Financial Officer of the Company. Mr. Shames served as Group Vice President, Chief Financial Officer & Treasurer and Director of Master Lease Corporation, a major national small-ticket, vendor-oriented equipment leasing company, from 1981 to 1988. Since that time Mr. Shames has been a principal and co-managing director of Kropschot Financial Services, a leading financial services advisory firm, where he was directly involved in the sale of more than 25 equipment leasing companies (including GIC), prepared valuations, fairness opinions and residual valuation studies on leasing companies. His clients have included international, national, regional and community banks, independent leasing companies, captive leasing companies, vendor groups and investment bankers.

Mr. Shames has a BS degree in Economics and Finance and an MBA in Accounting from New York University and was a member of the Advanced Management Program at Northwestern University.

 
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