Rifco Staff Supports Haiti Orphanage
20 November 2013 - 12:56AM
Access Wire
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 ed@hcas.ca.
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.
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|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: kadatz@rifco.net | |
|Website: www.rifco.net | |
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Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
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