American Cash Flow Announces Code of Ethics for Cash Flow Industry Now Being Developed
An independent team of cash flow professionals is in the process of developing a code of ethics for participants in the cash flow industry, Fred Rewey, president of the American Cash Flow Association®, announced today.
Orlando, FL (PRWEB) November 25, 2004 -– An independent team of cash flow professionals is in the process of developing a code of ethics for participants in the cash flow industry, Fred Rewey, president of the American Cash Flow Association®, announced today.
Although our state and regional chapters have a code of ethics that governs relationships between cash flow consultants and their clients, weve felt a need to expand that code to include all elements of the cash flow industry and the relationships that exist," said Rewey.
We hope the code of ethics will alert consultants and clients to some of the problems that can arise when they encounter scam artists posing as sources of funding, but we also want respectable funding sources to recognize those consultants who have the clients best interests at heart," he added. Serving the legitimate needs of our clients is the primary motivator of all cash flow professionals."
The need for an ethics code covering all elements of the cash flow industry became apparent in recent years as more and more consultants reported working with a number of funding sources whom they soon discovered could not be trusted. Clients also complained of consultants who were promoting funding programs that promised much but provided little.
We have always felt that a self-governed industry is far better for all parties than a government regulated industry, and we have seen what happens when scam artists infiltrate the industry, drawing the justified attention of legislators and law enforcement agencies," said American Cash Flow Associations president Rewey.
The team of independent consultants and funding sources developing the code of ethics are Dr. Hikmat Abed of Mach I Funding, Roberta Standen of North American Loan Servicing, and Jeff Callender of Dash Point Financial.
Dr. Abed is a graduate of the University of California at Berkeley with a Ph.D. in electrical engineering. He has a well rounded, diversified, broad, and successful management experience encompassing operations, engineering, manufacturing, corporate/strategic planning and analysis and management consulting, in addition to significant teaching and research experience at the university level.
His extensive business experience in project operations and general management includes more than 10 years of general management of companies with activities in international markets and more than 10 years of directing multiple projects and a large staff employed in a wide range of occupational areas.
His background includes several years of teaching graduate and undergraduate courses in engineering, mathematics and physics. He is the recipient of numerous scholastic honors. He developed and published lecture notes for four university courses, several research papers, and was annually voted as one of the top ten professors for the duration of his teaching career. He participated in and conducted several seminars and training programs in business administration, management development, technical training, and power utilities operations.
He is a graduate of the International Factoring Institute (IFI), a graduate of the National Capital Institute (NCI), a Certified Factoring Specialist (CFS), a Certified Capital Specialist (CCS), a Million Dollar Club member and a Master Consultant of the American Cash Flow Association® (ACFA), a recipient of the American Cash Flow Corporation (ACFC) 2002 Presidents Award, a recipient of the American Cash Flow Journal® (ACFJ) 2003 Contributing Writer of the Year Award and charter president of the San Diego Cash Flow Association (SDCFA). He published several articles on business funding and factoring.
He is the founder and president of Mach 1 Funding, which specializes in helping small and medium size businesses with their cash flow by providing them with immediate cash.
Roberta Standen, the driving force behind North American Loan Servicing, was appointed as president of the Corporation in June 2000, when the Corporation decided to expand its loan servicing business nationwide. Roberta is organized and highly skilled in business management, sales and marketing and in client relations. Her leadership and problem solving ability, coupled with incredible drive, keeps the organization on track.
A licensed real estate broker since 1974, Roberta is a 1977 graduate of the Realtors Institute and holds the professional designation of Equity Marketing Specialist (EMS) and Diversified Cash Flow Specialist (DCFS). Roberta is the former President and CEO of Coldwell Banker Mother Lode Properties Inc., and a certified teacher for the Coldwell Banker University
In addition to her responsibilities with North American Loan Servicing, she is General Partner of Mariposa Financial, a commercial real estate enterprise and serves as the Managing Member of California Equity Investors. Since 1984, she has served on the Board of Directors for California Equity Corporation, a company involved in loan origination and mortgage brokering.
Her experience includes project management for several major real estate development projects throughout California, including the Acuerdo con Dios Townhouse Development and the Story Hill project, both located in Northern California. In addition, Roberta has been a long-time specialist in real estate exchanges.
Roberta has authored many articles for the cash flow industry and is a frequent speaker and seminar presenter for the National Exchange Counselors, NoteWorthy, and the American Cash Flow Association®.
The daughter of a minister, she is chairperson for Christian Business and Professional Women in Imperial County, CA. She has been married for 52 years and is the mother of four sons. She has 16 grandchildren and five great grandchildren.
A former pastor, Jeff Callender is an author, speaker, and president of a factoring company and a publishing company. He became a Certified Factoring Specialist in January 1994 and soon began purchasing small receivables. He has been a speaker at Cash Flow conventions since 1995 and has been a monthly columnist for the American Cash Flow Journal® since that time. He is a member of the Million Dollar Club and the recipient of the 2004 ACFA Presidents Award.
Jeff is the author of The Small Factor Series, a collection of four books about factoring. The titles in this series include Factoring Fundamentals, Factoring Small Receivables, Factoring Case Studies, and Unlocking the Cash in Your Company. His newest book is Marketing Tools for Small Factors and Consultants: A Hands-On Guide to Methods that Work. He hosts SmallFactor.com, a web portal with numerous links and resources that are especially helpful for small factors and consultants alike. He also publishes FactorTips (www.FactorTips.com), a monthly e-zine for small factors and consultants. Further factoring resources are found at DashPointPublishing.com.
Jeffs factoring company, Dash Point Financial Services, Inc., factors small accounts and provides consulting services for small factors.
When the team finishes developing the initial code, it will be presented to a board of Chapter presidents for review and modification. It will then go before the American Cash Flow Associations executive committee for further review. Finally, it will be presented to by the membership at the Associations annual convention, Cash Flow 2005, in San Francisco this May, for adoption.
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