Correction from Newswire: Rifco Sets Origination Milestone at over $15 Million in March
01 Aprile 2014 - 4:31PM
Access Wire
RED DEER, ALBERTA / ACCESSWIRE / April 1, 2014 / Rifco Inc.
(TSXV-RFC) is pleased to report that, its wholly owned subsidiary
Rifco National Auto Finance ("Rifco or Company"), in the month of
March, originated over $15 million dollars in new loans.
This sets a new monthly record for Rifco. The Company has
previously reported monthly loan origination milestones of $1M in
August 2004, $5M in March 2011 and $10M in May 2013.
The $15 million dollar milestone in March is a 50% increase over
the prior milestone in 10 months.
While this monthly volume level sets a new "high water mark" for
the Company, it should not be automatically extrapolated for future
months or annual origination levels.
The Company intends to release its audited March 31, 2014 annual
and fourth quarter results on or about June 12, 2014. As is Rifco's
custom, the Company will also report the progress made against
2014's public targets and will release new targets for fiscal
2015.
About Rifco Inc.
Rifco Inc. operates through its wholly owned subsidiary Rifco
National Auto Finance Corporation to provide automobile loans
through its dealership network across Canada.
Rifco National Auto Finance provides consumers with financing
options on new and used vehicles. Rifco specializes in building
long-term partnerships with dealers by investing time in
personalized services through dedicated account representatives.
Rifco's quick credit decisions, common sense lending, and expedited
funding processes give its dealers better financing options and
more closed deals. Rifco's most successful partnerships result in
"Fast Forward 500 Club" recognition for its loyal dealerships.
Rifco is committed to continuing growth. Key strategies for
achieving this growth include the expansion of its automobile
dealer base, excellence in credit and collections processes.
The common shares of Rifco Inc. are traded on the TSX Venture
Exchange under the symbol "RFC". There are 21.03 million shares
(basic) outstanding and 22.21 million (fully diluted) shares.
CONTACT:
Rifco Inc.
Lance A. Kadatz
Vice President and Chief Financial Officer
Telephone: 1-403-314-1288 EXT 7007
Fax: 1-403-314-1132
Email: kadatz@rifco.net
Website:www.rifco.net
Neither TSX Venture Exchange nor its Regulation Services
Provider accepts responsibility for the adequacy or accuracy of
this release.
SOURCE: Rifco Inc.
Grafico Azioni RIFCO (TSXV:RFC)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni RIFCO (TSXV:RFC)
Storico
Da Giu 2023 a Giu 2024