Red Deer, Alberta, November 19th, 2013: Rifco Inc. (TSX.V-RFC) is pleased to announce that the staff of Rifco National Auto Finance Corporation has raised $27,500 this year for the Haitian Children's Aid Society (HCAS). Rifco is very pleased to top up the staff's contribution bringing the total donation to $50,000. HCAS has provided food, shelter, medical care, educational opportunities and means of life to orphans and other children in need in Haiti, since 2004.
During the year, Rifco's 58 staff members raised money for HCAS through a wide variety of very successful fundraising events including our Charity Golf Tournament, bake sales, garage sales, and numerous other monthly events.
The Company is proud of the charitable efforts of its staff and friends and the leadership provided by Rifco's charity committee. Since 2010, Rifco and its staff have raised $127,000 for the rebuilding effort at the orphanage in Mirebalais.
The HCAS supported orphanage site in Mirebalais suffered irreparable damage in the 2010 earthquake. The orphanage, currently with over 30 children, continues to operate out of temporary facilities. HCAS is raising capital in order to rebuild, expand and improve the breadth of the offering of the Haitians Children's Home to the Mirebalais community. New land has been acquired, a master plan has been completed and the reconstruction is in full swing and 50% complete. Currently, over 50 Haitians are working at the site daily. The total cost of the phased project is $1.2 million and at this point over 60% of the funds have been raised.
About Haitian Children's Aid Society
HCAS is a registered Charity in Canada. HCAS is governed by a volunteer board of directors who are drawn together from a variety of backgrounds by a common passionate concern to help Haiti's poor. Most of the board members have done volunteer work in Haiti and many have adopted children from there as well. Since 2004, over 60 children have been adopted into loving Canadian family homes with assistance from HCAS. For more information please visit www.hcas.ca or send an email to [email protected].
About Rifco
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 20.95 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: [email protected] | | |Website: www.rifco.net | | -----------------------------------------------
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