RIFCO Receives $2M Credit Facility Increase and Updates Website Investor
Presentations
RED DEER, AB,
At
In July, RIFCO announced the renewal of its
In September, the Company announced a new securitization facility for
In total, RIFCO has
The Company is cautiously optimistic that as funding conditions improve, growth opportunities will be restored for the company. Growth will be pursued only when it can be accomplished with acceptable lending margins and credit quality. The Company remains committed to granting loans that will perform within an established target range and with an acceptable profit margin.
RIFCO would also like to advise that it has updated its website. The Investor Presentations content has been updated to include a copy of the 2009 Annual Meeting of Shareholders presentation (including the PowerPoint slides and the speech text) as given by the President and CEO,
As always, interested parties may register at RIFCO.NET to subscribe to receive email updates on the Company's activities.
About RIFCO -----------
RIFCO is one of Canada's fastest growing automotive finance companies. Non-traditional auto loans are indirectly originated through a growing network of selected new and used vehicle dealers operating in all provinces except Saskatchewan and
The common shares of RIFCO INC. are traded on the TSX Venture Exchange under the symbol "RFC". There are 19.23 million shares (basic) outstanding and 20.98 million (fully diluted) shares.
Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
For further information: RIFCO INC., Lance A. Kadatz, Vice President and Chief Financial Officer, Telephone: (403) 314-1214 EXT 111, Fax: (403) 314-1132, Email: [email protected], Website: www.rifco.net
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