MicroFinancial Incorporated (NASDAQ: MFI), a financial intermediary specializing in vendor based leasing and finance programs for micro-ticket transactions, announced today that it has been named to the Boston Business Journal’s Top 50 Fastest-Growing publicly traded companies in Massachusetts. This is the 2nd consecutive year that MicroFinancial has been recognized by the Boston Business Journal.
The report, published in the Boston Business Journal’s May 13-19, 2011 edition, ranked the Top 50 Fastest-Growing public companies in Massachusetts based on growth in total revenues.
“We are extremely pleased to once again be listed in the Top 50 Fastest-Growing Public Companies in Massachusetts especially given the fact that, in our case, the Boston Business Journal is measuring the increase in revenue versus the increase in our cash flow which was considerable higher. We are pleased that our financial performance continues to be strong in this difficult economic environment and that our performance has been recognized by outside sources,” said Richard F. Latour, CEO of MicroFinancial.
About MicroFinancialMicroFinancial Inc. (NASDAQ: MFI) is a financial intermediary specializing in micro-ticket leasing and financing. MicroFinancial has been operating since 1986, and is headquartered in Burlington, Massachusetts. For more information, visit www.microfinancial.com. Statements in this release that are not historical facts, including statements about future dividends and 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," and similar expressions are intended to identify forward-looking statements. The Company cautions that a number of important factors could cause actual results to differ materially from those expressed in any forward-looking statements made by or on behalf of the Company. Readers should not place undue reliance on forward-looking statements, which reflect the management's view only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure that it will be able to anticipate or respond timely to changes which could adversely affect its operating results in one or more fiscal quarters. Results of operations in any past period should not be considered indicative of results to be expected in future periods. Fluctuations in operating results may result in fluctuations in the price of the Company's common stock. For a more complete description of the prominent risks and uncertainties inherent in the Company's business, see the risk factors described in documents the Company files from time to time with the Securities and Exchange Commission.
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