RIFCO insider increasing holdings

    RED DEER, AB, Jan. 3 /CNW/ - Tim Peterson (Peterson) has announced in an
early warning acquisition report that he has acquired an additional 100,000
Common shares on the TSX Venture Exchange.
    After giving effect to this transaction Peterson owns 524,444 Common
shares directly, controls 335,334 Common shares which are beneficially owned
by family and indirectly owns 2,450,000 Common shares (12.74%) through
Sorbrick Capital Corp for a total of 3,309,778 (17.21%). There are no other
persons acting jointly or in concert with Peterson.
    The purchase is for investment purposes only and Peterson is considering
additional purchases. Peterson reserves the right to purchase additional
securities or from time to time to dispose of securities of RIFCO.
    As of January 3, 2008, RIFCO has outstanding 19,229,598 Common shares.

    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".

    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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