BURLINGTON, Mass., June 21, 2013 (GLOBE NEWSWIRE) -- MicroFinancial Incorporated (Nasdaq:MFI), a financial intermediary specializing in vendor based leasing and finance programs for micro-ticket transactions, announced today that for the fourth consecutive year, it is listed as one of the Top 100 Equipment Leasing Companies in the United States according to the 2013 Edition of the Monitor 100.
The Monitor 100 is published annually and ranks the largest equipment leasing and finance companies based on net assets and new business volume. The report, published in the 2013 Monitor 100 Special Issue dated June 2013, listed the Company 88th in new business originations and 93rd in net assets for 2012, down slightly from 87th and 89th respectively, from the 2011 rankings.
Richard Latour, President and Chief Executive Officer said, "To be ranked as one of the top 100 leasing companies on the basis of net assets and originations given our focus on micro-ticket transactions is very rewarding. We are extremely pleased to once again be recognized by the Monitor Daily for our accomplishments during 2012."
About The Company
MicroFinancial Inc. (Nasdaq:MFI), is a financial intermediary specializing in micro-ticket leasing and financing. MicroFinancial has been in operation since 1986 and is headquartered in Burlington, MA. For more information, please visit http://www.microfinancial.com.
Statements in this release that are not historical facts, including statements about future dividends or growth plans, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In addition, words such as "believes," "anticipates," "expects," "views," "will" and similar expressions are intended to identify forward-looking statements. We caution that a number of important factors could cause our actual results to differ materially from those expressed in any forward-looking statements made by us or on our behalf. Readers should not place undue reliance on forward-looking statements, which reflect our views only as of the date hereof. We undertake no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances. We cannot assure that we will be able to anticipate or respond timely to changes which could adversely affect our operating results. Results of operations in any past period should not be considered indicative of results to be expected in future periods. Fluctuations in operating results or other factors may result in fluctuations in the price of our common stock. For a more complete description of the prominent risks and uncertainties inherent in our business, see the risk factors described in documents that we file from time to time with the Securities and Exchange Commission.
CONTACT: Dave Mossberg Three Part Advisors, LLC Tel: 817-310-0051