An air spring is used as a resistance device in exercise equipment having a lever arm for exercising arms and legs. In one embodiment, the equipment can be adapted to be used as a stair stepper. In another, it can be adapted to be used on a table surface for exercising hands, wrists and forearms. In still another embodiment, it can incorporate a bike pedal assembly to simultaneously aerobically exercise the legs and arms. The equipment includes resistance level regulating components and a visual indicator using a gauge or similar device to monitor resistance levels.