Red Deer, Alberta. February 13, 2013; Rifco Inc. (TSXV: RFC) is pleased to announce that it has been named as a 2013 TSX Venture 50 Company.
The TSX Venture 50 is a ranking of strong performers on the TSX Venture Exchange, comprised of 50 companies, 10 from each of five industry sectors: mining, oil & gas, technology & life sciences, diversified industries and clean technology. The selection is based on a ranking formula with equal weighting given to market capitalization growth, share price appreciation, trading volume and analyst coverage. All data was as of December 31, 2012.
Through 2012, Rifco saw a 256% rise in its stock price while the market cap increased 265%. These dramatic increases contributed to Rifco achieving its #6 ranking as one of the 10 leading companies in the diversified industries sector, and among the 50 best of the 2,258 companies listed on the exchange.
Rifco is honored to be ranked by the TSX Venture as one the top 50 listed companies for 2012. The Company has never before received this top performer ranking. We are very pleased that Rifco's strong growth rate over the last 11 years is providing our shareholders with an exceptional rate of return on their investment.
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 graduated recognition programs 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 20.26 million shares (basic) outstanding and 21.80 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: firstname.lastname@example.org | |
|Website: www.rifco.net | |
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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