May 23, 2000

It is "official" : European American Bank has purchased Fidelity Leasing ( see story below ).

Bank of New England has been sold to Sovereign Bank. Rob Yohe will include this in his report tomorrow about the EAEL and joint ELA Conference in Miami Beach, Florida last weekend ( 127 attendance--most also were at the NAELB and UAEL conferences ).

"The leading Internet-based resource for sales professionals and business executives, today announced a strategic partnership with First Sierra Financial Inc., a full-service national equipment leasing company."------ Full press release printed below.

( Sierracities stock was at 3, but at last check, 12:49pm California time, rose 37.89%, according to their own stock report. It is right now at 4 3/32 www.sierracities.com . Supposedly the secularization market is not happy with leasing companies, and Rob Yohe hopefully will also report on the "black eye" our industry evidently has become to stock investors ).

EAB Agrees to Purchase Fidelity Leasing

UNIONDALE, N.Y., May 23 /PRNewswire/ -- European American Bank, a commercial bank headquartered in Uniondale, New York, has agreed to purchase Fidelity Leasing, Inc. (FLI), a wholly owned equipment-leasing subsidiary of Resource America, Inc. (RAI). FLI, located in West Chester, Pennsylvania, has over $660 million of lease receivables under management. The purchase price will be paid in cash and a promissory note. EAB's leasing operation, headed by Executive Vice President Ira Z. Romoff, is presently among the twenty largest equipment leasing operations in North America, with net out standings in excess of $2.4 billion. It includes WASCO Funding Corp., American Equipment Leasing (AEL), and Banker's Leasing Association and also provides credit to hundreds of leasing companies across America. In addition to EAB's nationwide leasing offices, the bank manages the leasing portfolio of ABN AMRO Canada for its parent, ABN AMRO Bank N.V., the world's sixth largest bank by assets, which is headquartered in the Netherlands.

Edward Travaglianti, EAB's chairman and CEO said of the agreement: "We are very enthusiastic about the dramatic growth and performance of our leasing business over the last five years. FLI will accelerate this growth via its worldwide web delivery channel capabilities and its business-to- business e- commerce solutions to meet the needs of equipment vendors. Bringing FLI on board is part of our overall strategy for expansion through acquisition. While the closing of the FLI transaction is contingent upon certain conditions, we anticipate that approvals from U. S. and Dutch regulatory authorities will be forthcoming. We are also confident that the interim-period audit of FLI's financial statements will proceed smoothly."

"FLI is a good fit with EAB's present roster of leasing companies, whose focus is small-ticket and niche leasing activities," added Brendan J. Dugan, EAB's president and COO. "Their lending activities are producing particularly strong growth, making the operation an acknowledged leader in providing leasing services for small and mid-sized companies and funding for lessors. Last year's aggregate lease volume of $1.4 billion set another record for us. Acquisition of FLI will augment the inherent profitability of our leasing operation."

EAB's leasing business provides a range of leasing options to a broad array of industries, including those requiring computer, high-tech, medical, office, laboratory, manufacturing, machine tool, light construction, and golf equipment. WASCO Funding Corp., located in New York City; AEL, in Reading, Pennsylvania; and Bankers Leasing Association of Northbrook, Illinois, all contribute to the bank's nationwide reach.

Mr. Romoff commented: "Our dedication to finding financial solutions for our diverse clientele has made us a leader in funding finance leases and in single-investor leasing products. Our professional experience and financial strength, backed by the financial resources of ABN AMRO, have enabled us to develop the kind of resourceful funding opportunities and service that satisfy our customers."

EAB is a New York state chartered full-service commercial bank with assets of $15 billion. EAB operates 100 branches in the New York metropolitan area, lending production facilities in Connecticut and New Jersey, and leasing offices nationwide. EAB is a wholly owned subsidiary of ABN AMRO Bank N.V., with assets of $460 billion and 3,500 locations in 76 countries and territories.

SOURCE European American Bank

CO: European American Bank; Fidelity Leasing, Inc.; Resource America,

Inc. ST: New York

IN: FIN

SU: TNM

05/23/2000 15:16 EDT www.prnewswire.com

SalesRepCentral.com Offers Equipment Leasing Services Through Strategic Partnership with First Sierra Financial

SCOTTSDALE, Ariz.--(BUSINESS WIRE)---- SalesRepCentral.com Inc. (OTCBB:SREP), the leading Internet-based resource for sales professionals and business executives, today announced a strategic partnership with First Sierra Financial Inc., a full-service national equipment leasing company.

Through the SalesRepCentral.com Leasing Center, both corporate clients and individual members can now obtain information on leasing options, and apply online without cost, 24 hours a day. In certain cases, approval may be obtained within minutes and funding received within 24 hours.

In addition, SalesRepCentral will be offering customized vendor leasing programs for its corporate members. Under these programs, corporate members can offer their customers leasing arrangements tailored to each customer's needs as a value-added service, while eliminating any financial hurdle to the sale. In all cases, SalesRepCentral will receive revenue for funded leases originating from its Leasing Center.

Ralph Massetti, SalesRepCentral's president and CEO, commented: "We are pleased to offer our corporate clients and individual members easy access to quality, affordable financing alternatives. They now have the ideal tool to overcome a frequent and major obstacle to closing a sale. They can al so use this advanced, automated service to finance their own equipment needs. "This exciting addition to our comprehensive line of products and services illustrates our ongoing commitment as the leading provider of valuable, time-saving conveniences to sales professionals and business executives," Massetti continued, "and offers still another reason to make SalesRepCent ral.com their first appointment every day."

SalesRepCentral.com is the Internet's first online sales B2B community designed to provide a comprehensive portal of resources that meets the daily needs of professional sales representatives, corporate executives, and business managers and owners.

SalesRepCentral.com's new Web site features 10 content "Channels" offering exclusive products and services to make the daily tasks of the outside sales professional easier. Other benefits include member discounts, industry news, job searches, networking and sales lead generation opportunities, and a SalesRepCentral.com loyalty program. The company's stock trades on the OTC Bulletin Board with the symbol "SREP."

SalesRepCentral.com Inc. has headquarters at 16099 N. 82nd St., Suite B-1, Scottsdale, Ariz. 85260. For company information, phone 480/922-8444, e-mail SalesRepCentral at ir@salesrepcentral.com or visit the company's Web site at www.salesrepcentral.com.

Forward-looking statements in this news release are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Investors are cautioned that statements in this news release that are not strictly historical statements, including, without limitation, management's plans and objectives for future operations and management's assessment of market factors, and statements regarding the strategy and plans of the company and its strategic partners, constitute forward-looking statements. These forward-looking statements are not guarantees of the company's future performance and are subject to a number of risks and uncertainties that could cause the company's actual results in the future materially to differ from the forward-looking statements.

--30--SJK/la* OJM/la

CONTACT: SalesRepCentral.com Inc., Scottsdale

Ralph Massetti, 480/922-8444

or

Silverman Heller Associates, Los Angeles

Dan Matsui/Eugene Heller, 310/208-2550