RIFCO hits Alberta Venture 2008 Fast 50 ranking of Alberta's Fastest Growing Companies



    RED DEER, AB, Jan. 2 /CNW/ - RIFCO INC. (TSX.V: RFC) is pleased to
announce that for 2008, the Company has been ranked 21st on Alberta Venture
Magazines annual Fast 50 ranking for Companies with revenue under $20 million.
RIFCO was also included on the 2006 ranking.
    The FAST 50 list is the definitive ranking of Alberta's emerging growth
companies. Published in the January issue of Alberta Venture and online at
www.AlbertaVenture.com, the FAST 50 ranks young firms on three-year revenue
growth among other factors. RIFCO has achieved a three-year revenue growth
rate of 71% to $6.5 million with a reported pretax profit of $1,150,000.
    RIFCO is honored to be included among this prestigious group of Alberta's
fastest growing companies a second time. RIFCO continues to strive to become a
national player in the area of specialty consumer auto finance. We
congratulate every RIFCO team member for their hard work and dedication to
RIFCO's continuing success.

    About Alberta Venture Magazine
    ------------------------------
    Alberta Venture is Alberta's best-read business magazine and is committed
to influential reporting, timely editorial coverage and superior design.
Alberta Venture publishes a must-read magazine filled with exceptional
business stories and profiles, detailed industry reports, award-winning
photography and helpful information on current business trends.

    About RIFCO Inc
    ---------------
    RIFCO is a specialty consumer finance corporation currently providing
motorists with non-prime Auto Purchase Financing and mid-market Automotive &
Commercial Repair Financing. RIFCO has a growing network of new & used vehicle
dealers and licensed repair facilities operating in all provinces except
Saskatchewan and Quebec. RIFCO Inc. operates through its wholly owned
subsidiary Repair Industry Finance Corporation.
    The common shares of RIFCO INC. are traded on the TSX Venture Exchange
under the symbol "RFC". RIFCO Inc. has 19.23 million shares outstanding.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.





For further information:

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: kadatz@rifco.net, Website: www.rifco.net

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RIFCO INC.

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