May 16, 2000

"The" Fed raised prime a half point, as expected. Prime is now 9 1/2 by most banks. The highest it has been in nine years. Home prices, gasoline, almost every commodity, except computers at older speeds, have gone up, as the stock market continues up-ward, and whether you believe it or not---we have inflation now. As Oren Hall predicted at the UAEL S.F. Conference, expect "The" Fed to raise it another half point in the next quarter, perhaps as early as September.

Joseph G. Bonanno, Esq., Legal Counsel to NAELB sent a three page fax memo to all NAELB members notifying them " Equipment Financing Group, Inc., Directional Funding, Inc. nor DirectFunding.net are members in the NAELB. This office is in possession of all documentation to substantiate the above claims and will share them with any member in good standing at anytime."

This action appears to be regarding a company known as EFG.,Inc ( Equipment Financing Group), 2377 West Shaw Avenue, Fresno, Ca. (559)439-05146.

( We are aware of a claim that this same company signed a lease, never funded the transaction, nor did they return the first and last. We do not know the disposition of this, but as a member of NAELB have read Mr. Bonanno's fax and greatly appreciate it. He begins it, " Make no mistake about it; I do not enjoy sending this type of material around to our members. But, we are an Association formed BY BROKERS FOR BROKERS and when enough information crosses my desk about a common entity that many of our members are having a problem with, then it is incumbent upon me to bring it to the attention of all our members. When this type of action is warranted, the Association and myself will take it."

Uni-Capital Story Becomes Public--

Pre-tax operating loss of $8.5 million, before special charges of $290.2 million

-- Special charges of $290.2 million include a $239.1 million goodwill impairment write-down, a $33.5 million write-down of the book value of aircraft engine inventory, and an $11.7 million special charge related to the credit exposure to Tower Air, which declared bankruptcy during the quarter

-- The Finance Division generated $242 million in lease origination during the first quarter, a 24% increase from a year ago

-- Tangible net worth of $180.5 million, or $3.17 per outstanding share

------note: full report is printed at the end of Lease News----

Resource America Announces It is Getting out of the Small Ticket Leasing business---

" Operations for the discontinued small ticket equipment leasing business resulted in an after tax loss of $157,000 and after tax income of $453,000 for the quarter and six months ended March 31, 2000 as compared to after tax income of $1.3 million and $1.5 million for the quarter and six months ended March 31,1999"

--- full story is printed below the Uni-Capital Public Announcement

UniCapital Corporation Announces First-Quarter Financial Results

MIAMI--(BUSINESS WIRE)--May 15, 2000--

-- Pre-tax operating loss of $8.5 million, before special charges of $290.2 million

-- Special charges of $290.2 million include a $239.1 million goodwill impairment write-down, a $33.5 million write-down of the book value of aircraft engine inventory, and an $11.7 million special charge related to the credit exposure to Tower Air, which declared bankruptcy during the quarter

-- The Finance Division generated $242 million in lease origination during the first quarter, a 24% increase from a year ago

-- Tangible net worth of $180.5 million, or $3.17 per outstanding share

UniCapital Corporation (NYSE:UCP) today announced its financial results for the first quarter of fiscal 2000 and said it is developing a plan that includes closing unprofitable business units and re-deploying capital to the more profitable business units in its Finance Division.

Exclusive of special charges, UniCapital reported a pre-tax loss from operations of $8.5 million during the first quarter, or a diluted pre-tax operating loss per share of $0.16. Continued weakness in the aircraft engine market resulted in a pre-tax operating loss for the UniCapital Aircraft Engine Group of approximately $4.5 million before special charges. The Company expects the current unfavorable market conditions for the sale of aircraft engines to continue for the foreseeable future.

In addition, the Company reported that a $4.6 million increase in its allowance for lease losses contributed to the pre-tax operating loss before special charges for the quarter. The increase is due to the growth of the Company's lease portfolio as a result of the Company's decision to retain a greater portion of the leases it originates for its own portfolio.

During the first quarter of fiscal 2000, the Company incurred a pre-tax loss of $298.3 million that included the following special charges:

1) A write-off of $239.1 million of impaired goodwill, principally due to the Company's decision to exit the Big Ticket Division in an orderly manner over time;

2) A $33.5 million write-down of the book value of aircraft engine inventory due to the decline in the current market value of certain engine assets held by UniCapital Aircraft Engine Group;

3) A special charge of $11.7 million incurred by UniCapital Aircraft Engine Group from its exposure to Tower Air, which declared bankruptcy during the quarter;

4) A $4.0 million write-down of the book value of the Company's aircraft portfolio due to adverse market conditions that affected the current market value of aircraft held by UniCapital Air Group; and

5) Restructuring costs of $1.9 million associated with the closing of non-core businesses and staff reductions.

"The results of this quarter have led to an acceleration of our strategy to re-deploy capital from the Big Ticket Division to our Finance Division, where we intend to continue to pursue a portfolio building strategy," said Robert New, UniCapital's CEO. "Furthermore, we are eliminating non-core business activities and originating units. We are in the process of retaining outside consultants to help us evaluate the Company, streamline operations and improve efficiencies. Going forward, we expect future earnings to benefit from the goodwill write-off of $239.1 million that we incurred during the first quarter."

For the three months ended March 31, 2000, UniCapital reported a net loss of $276.6 million, or a diluted loss per share of $5.04, compared to a net loss of $887,000, or a diluted loss per share of $0.02, in the same quarter a year ago. Revenue for the quarter was $343.2 million, an increase of 234% from the $102.7 million reported for the first quarter of fiscal 1999. The increase in revenue resulted from a $215.6 million increase in the sale of equipment and a $15.4 million increase in income from finance contracts. Sales of aircraft, which increased by $219.5 million, were partially offset by a $24.5 million decline in the sale of aircraft engines, compared to the same quarter of the prior year. Growth in lease origination by the Company's Finance Division drove the increase in income derived from finance contracts.

The Company's lenders have waived or amended financial covenants to avoid defaults that would have occurred as a result of the Company's financial results during the first quarter. These waivers and modifications will expire between June 15 and June 22. The Company and its lenders are continuing negotiations with respect to further modifications.

From January 1 to March 31, UniCapital's Finance Division originated 2,727 total leases with an aggregate equipment cost of $242.2 million, a 24% increase in lease origination from the same period the previous year. In accordance with the acceleration of the Company's strategy to re-deploy capital to profitable business units in the Finance Division, the Big Ticket Division reported no new lease origination during the quarter, compared to $98.7 million in the same period last year. This resulted in a cumulative decrease in lease origination of 18% compared to the first quarter of 1999.

On March 28, 2000, UniCapital sold its entire interest in UniCapital AFT-I, Inc., which held 1.1% of the beneficial interest in the Aircraft Finance Trust ("AFT"). UniCapital currently owns a 49% beneficial interest in AFT, and beginning with the first quarter of 2000, the Company's results of operations will reflect its proportionate share of the net results from AFT as equity in income from minority-owned affiliates. As a result, equipment under operating leases and other assets totaling $1,256.8 million, as well as non-recourse debt and other liabilities totaling $1,208.4 million, were eliminated from the Company's March 31, 2000, consolidated balance sheet.

As of March 31, 2000, UniCapital had total equity of $570.6 million and total debt of $1.6 billion. This translates into a debt-to-equity ratio of 2.8x, compared to 3.4x as of December 31, 1999. The primary reason for the decrease is the de consolidation of the Company's interest in AFT. As of March 31, 2000, the Company's tangible net worth was $180.5 million, or $3.17 per share. The Company's Finance Division reported a 5.77% delinquency ratio (greater than 30 days past due) on its "at-risk" portfolio as of March 31, 2000, compared to 5.0% the prior quarter. During the first quarter, the Big Ticket Division reported a .86% delinquency ratio, compared to .38% the prior quarter. The increased delinquency ratio was attributable to the de consolidation of the AFT portfolio of commercial aircraft, which had a lower delinquency ratio than the balance of the Company's portfolio.

As a result of the Chapter 11 bankruptcy filing by Tower Air, UniCapital Aircraft Engine Group wrote-off $11.7 million in accounts receivable, thereby reducing the Company's credit exposure to Tower Air to the estimated fair value of the aircraft engines held by Tower Air.

The Company added an additional $4.6 million to its general loss allowance due to the growth of the Company's lease portfolio as a result of the Company's decision to retain, for its own portfolio, a greater portion of the leases it originates. Net charge-offs were 77 basis points of the average net investment in the "at-risk" portfolio for the three months ended March 31, 2000, which is in line with the Company's budgeted net losses of 75-100 basis points for the year.

UniCapital Corporation provides asset-based financing in strategically diverse sectors of the commercial equipment leasing industry. Based in Miami, UniCapital originates, acquires, sells and services equipment leases and arranges structured financing in the big ticket, middle market, small ticket and computer and telecommunications segments of the commercial equipment leasing industry. For more information, visit the company's Web site at www.unicapitalcorp.com.

Certain statements contained in this press release (including, without limitation, statements regarding the expected development of a plan which includes closing unprofitable business units and re-deploying capital to more profitable business units in the Finance Division, the affect of lower goodwill amortization on the Company's earnings, the expected unfavorable market conditions for the sale of aircraft engines and the expected continuation of our portfolio building strategy in the Finance Division) may be deemed to be forward-looking statements that involve risks and uncertainties. These statements are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and should be read in conjunction with the risk factors set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 1999, as filed with the Securities and Exchange Commission. Those risk factors include, among others, the absence of combined operating history for the Company and its subsidiaries, risks related to internal growth and operating strategies, risks related to the need for additional capital, interest rate risks, risks related to fluctuations in quarterly operating results, risks related to consummating secularization transactions and other risks. The Company may also be severely constrained in its access to liquidity, or may be able to obtain financing to operate its business only on unfavorable terms, if at all. These risks and other factors could cause actual results to differ materially from those expressed or implied in any forward-looking statements contained in this press release. In addition, results may vary as a result of factors set forth from time to time in the documents filed by the Company with the Securities and Exchange Commission. The Company assumes no obligation to update any forward-looking statements to reflect actual results or changes in the factors affecting such forward-looking statements.

Editor's Note: Financial tables are attached

UNICAPITAL CORPORATION CONSOLIDATED STATEMENTS OF OPERATIONS

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Resource America, Inc. Reports Earnings for Second Fiscal Quarter and Six Months Ended March 31, 2000

PHILADELPHIA--(BUSINESS WIRE)--May 15, 2000--Resource America, Inc. (NASDAQ: REXI) (the "Company") reported income from continuing operations before extraordinary item of $1.3 million and $3.7 million for the second quarter and six months ended March 31, 2000, as compared to $6.1 million and $11.9 million for the second quarter and six months ended March 31, 1999, a decrease of $4.8 million (79%) for the quarter and $8.2 million (69%) for the six months. Net income per common share (diluted-from continuing operations) was $0.06 and $0.16 for the second quarter and six months ended March 31, 2000, as compared to $0.27 and $0.53 for the second quarter and six months ended March 31, 1999, a decrease of 78% and 70%, respectively.

During the second quarter of fiscal 2000 and the fourth quarter of fiscal 1999, the Company discontinued the operations of its small ticket equipment leasing business and residential mortgage lending business, respectively. Accordingly, the small ticket equipment leasing business and the residential mortgage lending business are reported as discontinued operations for the second quarter and six months ended March 31, 2000 and 1999. Operations for the discontinued small ticket equipment leasing business resulted in an after tax loss of $157,000 and after tax income of $453,000 for the quarter and six months ended March 31, 2000 as compared to after tax income of $1.3 million and $1.5 million for the quarter and six months ended March 31, 1999. In addition, there was an estimated loss on disposal of the residential mortgage lending business of $445,000 net of taxes for the second quarter and six months ended March 31, 2000.

The decrease in income from continuing operations before extraordinary item was principally due to a reduction in real estate finance operating income and an increase in depreciation, depletion and amortization expense. Real estate finance operating income decreased to $3.0 million for the quarter ended March 31, 2000 from $8.6 million for the quarter ended March 31, 1999, a decrease of $5.6 million (65%). This resulted primarily from lower interest and fee income in the quarter ended March 31, 2000 as compared to the quarter ended March 31, 1999. Depreciation, depletion and amortization expense increased to $2.5 million in the quarter ended March 31, 2000 as compared to $1.3 million for the quarter ended March 31, 1999.

Net cash provided by operating activities was $10.3 million for the six months ended March 31, 2000 whereas net cash used in operating activities was $2.6 million for the six months ended March 31, 1999, an increase of $12.9 million.

Second Fiscal Quarter And Six Months Ended March 31, 2000 Results At A Glance: (in thousands of dollars except per share data)

-0- *

T

Net income per common
share - basic: From continuing opreations