BURLINGTON, Mass., Jan. 5, 2012 (GLOBE NEWSWIRE) -- 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 Area's Top Performing Stocks in 2011.
The report, published in the Boston Business Journal's December 30, 2011 – January 5, 2012 edition, ranked the top 25 public companies in Massachusetts based on their stock price appreciation from December 31, 2010 through December 23, 2011. MicroFinancial was ranked as number 18 on the list with a 39.0% stock price appreciation.
"We are extremely pleased to be recognized by the Boston Business Journal as one of the top performing public company stocks in Massachusetts. The fact that we were able to achieve this rank despite the challenging economy is extremely rewarding," said Richard F. Latour, CEO of MicroFinancial.
About MicroFinancial
MicroFinancial 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.
The MicroFinancial Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=10883
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.