August 24, 2005 15:17 ET

RIFCO Announces Graduation to Tier 1 of the TSX Venture Exchange

RED DEER, ALBERTA--(CCNMatthews - Aug. 24, 2005) - RIFCO INC. (TSX VENTURE:RFC) Bill Graham, President and Chief Executive Officer of RIFCO Inc is pleased to announce that the Company has successfully graduated to the Tier 1 issuer level of the TSX Venture Exchange effective immediately. The Company's trading symbol will remain RFC.

In the words of the TSX Venture Exchange, "Tier 1 is the Exchange's premier tier and is reserved for the Exchange's most advanced Issuers with the most significant financial resources. Tier 1 Issuers benefit from decreased filing requirements and improved service standards." RIFCO is pleased to have its efforts recognized in this way after only two years as a public company.

About RIFCO Inc

RIFCO Inc. (TSXV: RFC) operates through its wholly owned subsidiary Repair Industry Finance Corporation. RIFCO is a specialty consumer finance corporation with a focus on the automotive aftermarket industry. RIFCO provides Automotive & Commercial Repair Financing, and Vehicle Purchase Financing ("Convenient Payment Plan") to mid-market motorists through a growing network of licensed repair facilities and select used vehicle retailers. RIFCO's customers benefit by being able to convert major repair or purchase costs into affordable monthly payments.

RIFCO is committed to growth. Key strategies for achieving this growth include the expansion of its network, ever-increasing leverage of this network, excellence in credit and collections processes, and exceptional service to its network members and its customers.

The common shares of RIFCO INC. are traded on the TSX Venture Exchange under the symbol "RFC". RIFCO INC. will have 13.95 million shares outstanding following the common share subscription described above.

NOTE: RFC would like to remind shareholders and interested parties that regular commentary on the Company's activities is available by registering for the Free Insight Newsletter, issued electronically by of The Howard Group, www.howardgroupinc.com.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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