Rifco Inc. Reports Record Results for Fourth Quarter and Year End - Video Posted on InvestmentPitch.com

Vancouver, British Columbia--(Newsfile Corp. - June 13, 2013) - Alberta based Rifco Inc. (TSXV: RFC) has produced another period of solid earnings, and reported record results both the fourth quarter and the year ending March 31, 2013.

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Rifco operates through its wholly owned subsidiary, Rifco National Auto Finance Corporation, to provide automobile loans on new and used vehicles, through its dealership network across Canada. Rifco currently operates in Alberta, Ontario, British Columbia, Saskatchewan, Manitoba and the Atlantic provinces.

The company`s quick credit decisions, common sense lending, and expedited funding processes give its dealers better financing options and more closed deals.

Revenue for the year was $24 million, a 44% increase over the $16.7 million for the prior year. The record earnings per share of $0.233 for the year, an increase of 82% over the previous year, were a result of record loan originations, record low interest expense ratio, and loan loss levels well below the published target. The current year is the seventh consecutive year of profitability for Rifco.

The credit losses increased compared to the prior year, but losses were still well below the company`s historical loss averages of prior years.

The company expects the market for non-prime auto finance will remain robust enough to support its growth aspirations for the year, and as is the company`s annual custom, it has set measurable objectives and plans to report progress towards these objectives in each quarterly report. For the fiscal year ending March 31, 2014, the company has set following aggressive objectives

• Achieve Record Originations of over $120 million, for a growth rate of 32%
• Achieve Record Finance Receivables of over $192 million, for a growth rate of 30%
• Achieve Record Revenue of over $30 million, for a growth rate of 25%
• Achieve Record Earnings Per Share of $0.30, for a growth rate of 29%
• Achieve an Average Credit Loss rate below 3.25%.

The shares currently trade at $4.25, and with approximately 20.8 million shares outstanding, the company is capitalized at $88.4 million.

For more information, please visit Rifco's website at www.rifco.net, phone Lance Kadatz at 403-314-1288 ext 7007or email kadatz@rifco.net.

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