EDMONTON, Sept. 4, 2012 /CNW/ - Carfinco Financial Group Inc. ("Carfinco" or the "Company") announces that the first two months of the third quarter is setting a record pace for loan originations.
Loan originations in July were $13.0 million and August was a record setting month at $14.2 million. Total loan originations for Q2 were a record $36.8 million. The first two months of Q3 total $27.2 million.
Carfinco was also named one of Alberta's highest grossing companies as listed in the Alberta Venture 250 where it came in 216th place out of 250 with 2011 revenue of $59,583,000. "This is the first time that Carfinco has made the Alberta Venture 250 list and we are proud to have been recognized along with so many well-known large cap companies," said Tracy Graf, CEO of Carfinco.
Full details of can be viewed at: http://v250.albertaventure.com/the-v250/?myyear=2011
About Carfinco Financial Group Inc.
Carfinco focuses on providing consumer vehicle loans to borrowers unable to obtain financing through traditional lending sources. A network of select independent and franchise dealerships offer Carfinco' s payment plan to their customers who must, along with the vehicle, meet Carfinco's underwriting guidelines. The shares of the company trade on The Toronto Stock Exchange under the symbol "CFN".
Caution Regarding Forward-Looking Statements - This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of the company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements.
SOURCE: Carfinco Financial Group Inc.
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