SOURCE: Resource America, Inc.

Resource America, Inc.

January 19, 2010 11:44 ET

LEAF Financial Corporation Announces Flexible Financing Program for Honeywell's Gamewell-FCI Division

PHILADELPHIA, PA--(Marketwire - January 19, 2010) - LEAF Financial Corporation, the commercial finance subsidiary of Resource America, Inc. (NASDAQ: REXI), announced today the launch of a flexible financing program for Gamewell-FCI by Honeywell. The program is designed to make the expense of life safety system upgrades or build-outs more manageable and affordable.

In collaboration with LEAF, Gamewell-FCI Engineered Systems Distributors throughout the U.S. can offer the latest fire alarm and emergency communications (a.k.a. mass notification) technologies, along with tailored financing solutions, for any type or size of commercial, educational, or municipal customer.

According to Steve Birdsall, Gamewell-FCI's vice president of sales, the new program offers customers an affordable way to make required life safety system upgrades. "Fire alarm codes are becoming more stringent and are being more firmly enforced by local officials," said Birdsall. "At the very least, these financing options can allow a facility to make the necessary life safety upgrades without taking on a large, immediate expense."

"LEAF was the obvious choice for a financing partner because of their experience in developing vendor financing programs and their ability to provide dedicated sales support to our Engineered Systems Distributors," said Birdsall.

"We are very excited about the opportunity to partner with Gamewell-FCI," said Bob Hunter, Executive Vice President for LEAF. "Providing financing solutions to help organizations manage unplanned replacement and stay compliant with fire safety codes is extremely important at this time of limited capital budgets."

Designed to provide straightforward information and fast results, the new program entails plain-English documentation, a one-page credit application and closing assistance, all overseen by a single LEAF expert by phone or in-person. Project evaluation, proposals and qualifications are expedited immediately with funds commonly paid within 24 hours of an invoice submittal.

Resource America, Inc. is a specialized asset management company that uses industry specific expertise to generate and administer investment opportunities for its own account and for outside investors in the commercial finance, real estate and financial fund management sectors. For more information please visit our website at www.resourceamerica.com or contact pkamdar@resourceamerica.com.

LEAF Financial Corporation is the commercial finance company of REXI headquartered in Philadelphia, PA. LEAF originates small and middle ticket equipment leases through strategic alliances with manufactures, distributors and dealers of equipment and software. After origination, LEAF manages the leases for its own account, institutions, and individual investors through investment partnerships and other investment vehicles. For more information, visit www.LEAF-Financial.com.

Gamewell-FCI, part of the Honeywell (NYSE: HON) Life Safety Group, is a manufacturer and complete single-source provider of fire alarm and emergency communication systems. In cooperation with a global network of Engineered Systems Distributors, Gamewell-FCI delivers cutting-edge technology designed for a broad scope of commercial applications worldwide. For more information, visit www.gamewell-fci.com.

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