Pamela Schreiber
Investor Relations
Resource America, Inc.
1521 Locust Street - 4th Floor
Philadelphia, PA 19102
(215) 546-5005
(215) 546-5388 (facsimile)

Resource America, Inc. Announces Completion of Installation and Testing of E-Commerce Equipment Finance Internet Platform

Philadelphia, PA, 4/13/1999 - Resource America, Inc. (NASDAQ:REXI) announced today that its wholly owned subsidiary, Fidelity Leasing, Inc. has completed installation and testing of its North American e-commerce equipment finance Internet platform.

Equipment resellers serving the distribution channels of IBM, Lucent Technologies Inc., Minolta Corporation and Tech Data Corporation in the United States and Canada will be authorized to utilize the Fidelity Leasing e-commerce leasing platform. Over 30,000 resellers will eventually receive this authorization.

Authorized resellers representing each technology manufacturer will have access to a branded website residing on Fidelity Leasing's Internet Platform. Currently, the IBM reseller website is branded "SuccessLease" and Tech Data's reseller website is branded "OneLease". IBM's current print marketing campaign directed toward small business refers to the SuccessLease financing option.

Fidelity Leasing's web-based platform will provide its technology partners with the following on-line capabilities:
  1. Generate and transmit lease financing proposals which can be printed out at the customer's premises.
  2. Electronically administer an on-line credit scoring process.
  3. Generate and transmit transaction documents which can be printed out at the customer's premises.
  4. Provide data base access to the reseller for customer, asset and transaction management.

"Our powerful new e-commerce financing platform moves Fidelity Leasing into the forefront of the leasing industry in providing customer financing via the Internet" said Abe Bernstein, Chairman and CEO of Fidelity Leasing. "We are developing other strategic relationships with dedicated e-commerce resellers as well as with non-technology partners who seek to harness the power of the Internet."

Because the focus of Fidelity Leasing is on the small business and SoHo (small office-home office) sectors, the company is also developing a consumer finance tool which will allow the equipment resellers to finance consumer equipment purchases via the Internet.

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.
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