May 18, 2000

Resource America, Inc. Signs Definitive Agreement to Sell Fidelity Leasing, to European American Bank

PHILADELPHIA--(BUSINESS WIRE)--May 18, 2000--Resource America, Inc.(NASDAQ:REXI)(the"Company" or "RAI") announces that it has signed a definitive agreement to sell its wholly-owned equipment leasing subsidiary, Fidelity Leasing, Inc. ("FLI"), to European American Bank.

The purchase price will be paid in cash and a promissory note. Certain employees of Fidelity Leasing, Inc. have options in FLI which, it is anticipated, will be acquired by RAI prior to closing.

Statements made in this release include forward-looking statements, which involve substantial risks and uncertainties. The Company's actual results, performance or achievements could differ materially from those expressed or implied in this release.

CONTACT:
Resource America, Inc., Philadelphia
Pamela Schreiber,
Investor Relations, 215/546-5005
facsimile: 215/546-5388

( I will add this to the list sent out of companies no longer in business, plus a few more that I left out and send this out again, perhaps next week---editor )

Rob Yohe Says the Lease Business IS Going to Get Better!!!

I do not understand all the comments about less business and lower quality lessee's. My originators are busier than they can remember with good quality deals. Please keep in mind, my cliental base consists of large Lessors, who generally have multi-million dollar bank lines. In addition to being established on average 15+ years. Most have commented that leasing in the past, during rasing rates, generally does well because lessee's want to fix their rate before they go up higher and want to conserve cash to avoid a "crunch." I remember this being the case when mortgages were 18% in the '80'so

I'll send you a report on the EAEL conference upon my return.

Sincerely,

Rob
mlost@aol.com

( very much look forward to Rob Yohee's Report--editor )

-- Mike Graneri Still Not Happy with NAELB Decision on Executive Director

Kit:

I hope things are well with you and American leasing. I really appreciate all the information you send to all of us in the industry I have passed it on to several different people who have found it very informative. I must throw in my two cents concerning the Naelb annual conference. I think the association is getting a little full of itself this organization used to be able to provide that personal touch to brokers, funders, and service providers a like. and that was provided by Cindy. I am willing to sit back and give this management group a chance to show its stuff. Now I am not a member of any of the leasing associations I do how ever recommend them to people who call me and ask for advice and which one they should join. I was just a little upset at the way the association handled Cindy's dismissal they could have handled a lot better. One last point all the broker members have voting rights, with something this important why wasn't this brought to vote with the membership at the meeting or sent to the members in the mail to vote on? just a thought. keep up the good work

Sincerely,
Michael Granieri
Granieri Associates
Ph 732-828-8891

Bob Wilkins, Multifund, Can't Get It On With the Internet

Kit:

What is your experience with web site leasing? My site has an application that when completed and sent it opens a contact record in the database. Once the contact record is open I hit a button on the screen the system pulls the credit reports. I have invested a moderate amount in the web site and my database software. However, I have yet to approve a lease transaction that has been initiated from the web site. The applicants either have terrible credit or they are shopping and really just want a quote.

The first and primary reason for building my site was to provide better customer service for both the vendor and the lessee. I thought it would save time and labor cost by having the application completed and the contact record opened via ed-mail. However, I have had very a difficult time in getting vendors to submit credit applications via the web, they still want me to contact the prospect and present the financing. Once the client has agreed to the terms and conditions I direct them to the web site to complete the application process. But they still are reluctant to use the automated application.

We wind up either taking the application over the phone or faxing an application to the applicant,and we still wind up inputting the application. When I call on a new vendor I take my lap top and hook it up to give the vendor a quick tour and explain how the calculator prices the lease. The whole demonstration is to show the vendor and their sales staff how they can close more customers and get the lease documents prepared, signed, and the lease funded sooner. But yet I only have about 10% of all the lease applications processed via the web.

I know that you have had a web site for quite sometime. What is your experience using the web for your application process? Do you think I might be wrong in the way I approach a vendor? I would very interested in your thoughts as well what your experience has been with respect to the number of applications you get over the web. Additionally, what is credit quality been of unsolicited credits application that you have received off of your site? How many have you booked?

I would appreciate any information or help you can give.

Bob
( Bob Wilkins is looking for any comments you may want to give to him, either direct or though Lease News .Bob Wilkins bobs@miltifund.com)