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FROM THE DESK OF ALLAN LEVINE, Chief Operating Officer
Madison News, Summer 2004

It's nice to feel positive about the economy. It's been a while. Indications are that companies who were reluctant to increase capital spending are preparing to do so either for growth purposes or because it is time to replace equipment or vehicles that were "held on to a bit too long."
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FOCUS: ON EMPLOYEES
Madison News, Summer 2004

The employees of Madison Capital have helped our company become what it is today. We are very proud of our success and would like to honor two women, Mary Hart and Lynn Logan, who played integral parts in the growth and success of Madison Capital.
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CUSTOMER SPOTLIGHT - Wirespan Communications, Inc.
Madison News, Summer 2004

Wirespan Communications, Inc. is a rapidly expanding, successful broadband services and technology integrator headquartered in Elkridge, MD. Wirespan's main focus is on the "last mile of communication." This includes installation of voice, data, video and telecommunications equipment in businesses, educational facilities, government agencies, and new construction residential dwellings. Wirespan Communications is contracted by Comcast to install cable and internet technologies throughout Howard and Baltimore counties. With clients like Comcast, Domino Sugar, and Sunrise Assisted Living, Wirespan continues on its path of excellence.

Wirespan, in a consultative partnership with Madison Capital developed a complete fleet management program to include specs, vehicle ordering, up-fitting, delivery and replacement.

Celeste Wooten, Chief Operating Officer, Wirespan Communications, stated, "I was very impressed with Madison Capital. I had the opportunity to work with the Chief Operating Officer, Allan Levine. Most companies tend to push you off to a lower level employee. I enjoyed that level of personal relationship and attention. Wirespan has a very good relationship with Madison Capital and we'll be doing more business in the future."

RECENT TRANSACTIONS
Madison News, Summer 2004

The following are recent transactions funded by Madison Capital:
· $31K for a telephone system at a local shopping mall
· $112K in fitness equipment for a health care company in Tennessee
· $9K in manufacturing equipment for a machinery manufacturer in Michigan
· $10K in computer equipment for a staffing company in Alaska
· $69K for an ATM traffic generator/analyzer for a major telecommunications company in New Jersey
· $228K in audio/visual equipment for a presentation technology company in Virginia

SUMMER DRIVING
Madison News, Summer 2004

Summertime is finally here. This is the time of year when we like to take long, leisurely drives and vacations. During some of these drives, we may be on the road for more time than we would like to be. Keeping this in mind, below are:

Tips to Avoid Drowsy Driving

• Drive only when rested – Don’t get behind the wheel if you feel fatigued, no matter when or where you are driving. Get some sleep or exercise before you leave, delay your trip, or let a rested person drive.

• Keep your mind alert – Listen to talk shows or up-tempo music. Try to have company on long trips. Change position often, making sure to keep your head up and shoulders back. Keep your window cracked to circulate air. Chew gum. Actively watch road signs and traffic.

• Find a safe place to stop – On a long trip, every couple of hours or if you start to feel sleepy, pull off the road for a break, stretch your legs and get some fresh air. If you must take a nap, stop in a safe place. When possible, spend the night at a hotel. Do not rely on coffee!

• Be careful about what you eat and drink – Coffee, sugar, and other stimulants may give you a temporary burst of energy, they do not ensure mental alertness. Drink water, juice or soft drinks low in sugar and caffeine. Choose high protein snacks over heavy or fatty foods. Avoid alcohol and medications (including cold remedies). If you do require medication, speak to your doctor to minimize the effects while driving.

• Drive defensively – Be alert and prepared to prevent accidents. Watch the drivers around you, they may be drowsy.

CALENDAR OF EVENTS
Madison News, Summer 2004

Sylvan Annual Conference
Sept 29 - Oct. 2, 2004
Rio All-Suite Hotel & Casino
Las Vegas, NV

Mid-Atlantic Technology & Business Expo
Dec 1 & 2, 2004
Baltimore Convention Center
Baltimore, MD
www.mdtechexpo.com

CONEXPO – CON/AGG
March 15 – 19, 2005
Las Vegas Convention Center
Las Vegas, NV
www.conexpoconagg.com

ICSC – International Council of Shopping Centers
May 22-24, 2005
Las Vegas Convention Center
Las Vegas, NV
www.icsc.org