Contact Information: Contact: Resource America, Inc. www.resourceamerica.com pkamdar@resourceamerica.com
LEAF Financial Corporation Announces Flexible Financing Program for Honeywell's Gamewell-FCI Division
| Source: Resource America, Inc.
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.