EDMONTON, Aug. 5, 2014 /CNW/ - Carfinco Financial Group Inc. ("Carfinco"
or the "Company"), Carfinco announces the Company's Canadian operations
achieved $17.0 million in loan originations for the month of July
2014. This record surpasses the one achieved in June of $16.4
million. In addition, Carfinco'sUSA division, Persian Acceptance
Corp. ("PAC"), achieved loan originations of $3.4 million for the
"The company continues to focus on delivering high levels of service,
while providing a broad range of non-prime finance programs to its
dealer base," stated Mr. Troy Graf, COO of Carfinco.
Also, Carfinco will announce its financial results for the second
quarter ended June 30, 2014 on Tuesday, August 12, 2014 after market
close. A live conference call will be held on Wednesday, August 13,
2014 at 11:00am MT (1:00pm ET) and will include a discussion by
management about Carfinco's second quarter results followed by a
question and answer period.
Participants can access the conference call by dialing the following
North America Toll-Free:
Callers should dial in approximately five minutes prior to the scheduled
start time. An audio replay may be accessed through the Investor
Relations section of our website at www.carfinco.com shortly after the conclusion of the conference call.
About Carfinco Financial Group Inc.
Carfinco Financial Group Inc., through its Canadian and United States
subsidiaries (collectively, "Carfinco" or the "Company"), focuses on
providing indirect 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 plans to
their customers who must, along with the vehicle, meet Carfinco's
underwriting guidelines. The shares of Carfinco 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.