AERO Market Leader Joins RESIDCO

CHICAGO , June 29, 2007 -- RESIDCO, a leading transportation equipment investment management company based in Chicago , is pleased to announce the hiring of Scott Daniels, a seasoned commercial aircraft leasing and remarketer.

Daniels comes to RESIDCO from BACK Aviation Solutions in New Haven , Connecticut , bringing with him expertise in the area of remarketing commercial aircraft and aircraft valuations. At BACK, he concluded aircraft transactions working with such airlines as United, Air Transat and Lufthansa, and also with financial institutions and lessors including Barclays Capital, Wells Fargo Bank, Allied Irish Bank, M&T Bank, GE Capital Aviation Services, Aircastle Advisors, Vx Capital Partners and Automatic. He also has expertise in aircraft appraisals having appraised more than 1,000 commercial aircraft for more than 100 clients.

Prior to his responsibilities at  BACK Aviation, Daniels oversaw a portfolio of  30 commercial aircraft for Unicapital including the lease and sale of aircraft to companies such as Ryan International Airlines, Westjet, Aeroparts, and BPI Aerospace.

In his professional career, Daniels has directly sold, leased or acquired numerous commercial aircraft and many  types for clients or as a principal including: B747, L-1011, A310, B737, B727, DC-9, Fokker 100, CRJ and Jetstream 32s.

At RESIDCO, Daniels will oversee development of leasing, financing, remarketing and management opportunities involving all types of aircraft and aviation assets. He will also leverage RESIDCO’s track record in the aviation inner and outer markets.

RESIDCO is a transportation equipment investment management company, which provides portfolio marketing, lease structuring, acquisition and remarketing services to lessors, and leasing services to users of aircraft and railroad equipment. RESIDCO’s professionals have closed over one billion dollars worth of transactions involving commercial aircraft, railcars, and locomotives.

www.residco.com