Philadelphia, PA, December 4, 2021 - Resource America, Inc., (Nasdaq: REXI) (the "Company")announces today that it expects its direct exposure from the Enron bankruptcy to be approximately $75,000 and has, effective December 31, 2001, terminated its few minor contracts with Enron.
Resource America, Inc. conducts its energy operations through Atlas America, Inc., a wholly owned subsidiary. Atlas America is an independent energy company engaged primarily in the finance, development, production and sale of natural gas in the Appalachian Basin.
Resource America, Inc. operates businesses in energy, equipment leasing and real estate finance.
Statements made in this release include forward-looking statements, which may involve substantial risks and uncertainties. The Company's actual results, performance or achievements could differ materially from those expressed or implied in this release.