LEAF Commercial Capital, Inc. (“LEAF”), announces that David Danner has joined the company in the role of Product Solutions Manager. In this newly created position David will be heading LEAF’s initiative to further develop, design, and implement cost per use related programs for LEAF’s Commercial Equipment Vendor Partners.

David brings to LEAF deep experience in operations as a Cost Per Usage based systems matter expert, having designed and implemented these types of complex systems and services for various leasing organizations. David has over 25 years experience in the leasing industry having worked for Chase Manhattan Leasing, GE Capital, Copelco Capital and Citi Capital. While at these companies David was responsible for leading all of the Cost Per Use strategies as well as the development and deployment of this product offering.

Danner stated, “Customers are looking to outsource the entire equipment management process and through managed print services programs more of our Dealers are delivering this type of technology to meet this need. LEAF is dedicating significant investment capital and resources to build the next generation system that will deliver Cost Per Use functionality to enable our Vendor Partners to streamline this service to their customers. In addition, LEAF will be dramatically expanding these “Cost Per Use” products to include a variety of industries such as healthcare and technology that are also moving to this outsourced total solution model.”

Miles Herman, President and COO, commented, “We have recognized that the market is evolving more towards a relationship based revenue model versus simply a one-time equipment sale. By LEAF expanding our Cost per Use product line we can deliver to our Partners additional sales tools to help them provide their customers with a single invoice to meet all of their equipment acquisition and on-going support needs. We are looking forward to our enhanced Cost per Copy system launch in late Fall of this year.”

About LEAF Commercial Capital, Inc.

LEAF Commercial Capital, Inc. (“LEAF”) is an equipment leasing and finance company headquartered in Philadelphia, PA. LEAF’s business model assists commercial equipment dealers, resellers, distributors and manufacturers in maximizing the use of customer finance as a revenue generating strategy. LEAF is a joint venture among LEAF Financial Corporation, Resource Capital Corp. (NYSE, RSO), and Guggenheim Securities, LLC.

Contact: Michelle Speranza, Marketing Director, msperanza@LEAFnow.com