After this acquisition, LEAF will manage approximately $250
million of leases for its own account, for institutions and for third
party investors. We believe this
strategy is scaleable and can be implemented nationwide.

questech unlimted

"
Crit DeMent, Chairman and CEO of LEAF, said, "We are pleased to
welcome the Allco team members to the LEAF family.

unistar lessors

LEAF's business model is to
originate small to middle ticket equipment leases and loans within the
small to mid sized business market by forming strategic marketing
alliances and other program relationships with equipment vendors,
commercial banks and other financial institutions. Although Resource America,
Inc. Bankruptcy Code. (NYSE: CIT ), a leading commercial and consumer finance
company, provides clients with financing and leasing products and advisory
services.cit.

primex ncp

believes that expectations reflected in such forward -looking
statements are based on reasonable assumptions, it can give no
assurance that its expectations will be attained.

advanta syndicator

Business Editors

PHILADELPHIA----Resource America
Inc.
Resource America, Inc.

About CIT:
CIT Group Inc.

budgetary saulsbury

CIT Quantifies Exposure to Northwest Airlines

com.

primex provices

onesource unlimted

Allco Leasing and Financial Services is a commercial equipment
finance company established in 1977, that specializes in small to
mid-ticket equipment leasing and originates, funds, services , and
acquires leases primarily in the western United States. Factors that could
cause actual results to differ materially from expectations include
financial performance, regulatory changes, changes in local or
national economic conditions and other risks detailed from time to
time in the Company 's reports filed with the SEC, including quarterly
reports on Form 10-Q, reports on Form 8-K and annual reports on Form
10-K. NEW YORK, CIT Group, Inc.

syndicator lessees

said, "The sale of our leasing operation to the LEAF Financial
Corporation will allow Allco Leasing to continue to provide the same
quality service to its existing customer base and expand the type of
products it offers its referral sources . After origination,
LEAF manages the leases for its own account, institutions, and
individual investors through investment partnerships and other
investment vehicles. For more information, please visit our website at
www.S.

leasing unlimted

For more information, visit http://www.

leasesource obl

In its nearly
thirty years of operations it has originated over $300 million in
equipment leases. With its Global Headquarters in New York City and Corporate Offices
in Livingston, New Jersey, CIT has approximately 6,000 employees in locations
throughout North America, Europe, Latin and South America, and the Pacific
Rim.

unlimted budgetary

com , or contact investor relations at
pschreiber@resourceamerica. Today, Northwest
announced that the Company and certain of its subsidiaries had filed voluntary
petitions for reorganization under Chapter 11 of the U.

syndicator midsized

(NYSE: CIT),
a leading provider of commercial and consumer finance solutions , disclosed its
current financing relationship with Northwest Airlines, Inc.

Contains listings of companies providing lease financing services to to businesses, organizations, individuals and/or government-owned entities.

intech midsized

Allco's strategy of
originating business through referrals and building strong customer
relationships will enhance the LEAF business model.com

Certain matters discussed in this press release are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995.

onesource advanta

The acquisition includes both a portfolio of leases with a value
of $27 million bought on behalf of LEAF's investment partners and
hundreds of long term customer relationships.

questech tatonka

Not only will
this enhance our origination capability but our investment partners
will benefit from the quality of the assets generated by the Allco
channel.

unlimted syndicator

(NASDAQ:REXI) announces today that its wholly owned leasing
subsidiary LEAF Financial Corporation ("LEAF") has expanded its lease
origination capability and assets under management with the business
acquisition of Allco Leasing and Financial Services of Lake Oswego,
OR. is a specialized asset management company
that uses industry specific expertise to generate and administer
investment opportunities for its own account and for outside investors
in the equipment leasing, structured finance, real estate and energy
industries.resourceamerica .

midsized primex

In addition, CIT has debt exposure against four aircraft
operated by Champion Air, a former affiliate of Northwest, which transactions
are guaranteed by Northwest's corporate parent.
CIT's total exposure is approximately $57 million.

ncp intech

The acquisition was facilitated by the investment
banking services of Diversity Capital, LLC and bridge financing was
provided by the Philadelphia office of National City Bank.

unistar tricon

"
LEAF Financial Corporation is a commercial finance company
headquartered in Philadelphia, PA.
Under existing lease agreements, Northwest has operating leases on three
CIT-owned aircraft.

syndicator lorian

lessees budgetary

Resource America Inc.'s LEAF Financial Corporation Acquires the Business of Allco Leasing and Financial Services

Jim Harris, President of Allco Enterprises, Inc. Founded in 1908 , CIT has nearly $60 billion in assets under
management and possesses the financial resources, industry expertise and
product knowledge to serve the needs of clients across approximately 30
industries . CIT, a Fortune 500 company and a component of the S+P 500 Index,
holds leading positions in vendor financing, factoring, equipment and
transportation financing, Small Business Administration loans , and asset-based
lending.

leasesource ncp

In addition LEAF will be
gaining experienced leasing personnel in a strategic West Coast
location.

moneysource unistar

Management believes,
based on its current assessment of lease equipment carrying values, Northwest
credit exposure, and corresponding reserves that the Northwest filing will not
have a material adverse impact on our financial results.