Resource America, Inc.
1521 Locust Street - 5th Floor
Philadelphia, PA 19102
(215) 546-5388 (facsimile)
Resource America, Inc. Announces Expansion Of SuccessLease Program To Include IBM's Hosting Services
Philadelphia, PA., June 22, 2022 - Resource America, Inc. (NASDAQ:REXI)(the "Company") announced today that its wholly owned subsidiary, Fidelity Leasing, Inc. has expanded its SuccessLease Program for small business to include IBM's Hosting Services Offering for small business customers. Several IBM software partners including Great Plains Financial, SalesLogix and Ultimate Software will offer their products in conjunction with IBM Global Services to small business customers. SuccessLease, the IBM Global Finance product offered by Fidelity Leasing, may be used by small business customers who wish to finance the services provided by IBM Global Services through their Hosting Services Offer. The customer will be able to access SuccessLease through authorized IBM websites.
The addition of IBM Hosting Services to SuccessLease broadens the product finance coverage for small business customers which now includes the AS 400 and RISC 6000 Servers as well as the complete PC product line of IBM's PSG Group.
The SuccessLease Program provides IBM Business Partners with the ability to finance complete bundled solutions. The Program's comprehensive e-commerce platform enables the IBM business partner to access an on-line interest rate calculator and finance proposal writer, submit a customer finance request and receive a rapid response along with electronically generated transaction documentation.
Fidelity Leasing provides the SuccessLease Program to IBM Global Financing customers throughout the US and Canada.
Resource America, Inc. operates a diversified financial services company engaged in equipment leasing, energy, and energy finance, and real estate finance.
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.
This announcement contains certain forward-looking statements that are subject to risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from those currently anticipated as a result of a number of factors, including, but not limited to, the risks and uncertainties discussed under Item 1 "Other Factors to be Considered" and "Management's Discussion and Analysis of Financial Conditions and Results of Operations" in the Company's Annual Report on Form 10-KSB for the fiscal year ended September, 1998, as filed with the Securities and Exchange Commission.