MicroFinancial Incorporated Signs Agreement with Kropschot Financial Services Agreement Provides the Company with Additional Outside Experience in Order to Identify and Evaluate Leasing and Financing Opportunities WOBURN, Mass.---MicroFinancial Incorporated (AMEX:MFI - News) a financial intermediary specializing in vendor based leasing and finance programs for transactions in the $500 to $15,000 range, today announced the signing of an agreement with Kropschot Financial Services (KFS), a leading lease advisory firm founded in 1986 by Mr. Bruce Kropschot. KFS will serve as MicroFinancial's financial advisor in the search, identification, evaluation and negotiation of equipment leasing and financing acquisition opportunities. Richard Latour, President and Chief Executive Officer said, "We are pleased to be aligned with KFS. KFS has represented both buyers and sellers in over 150 equipment leasing and financing businesses and numerous portfolios over the past 20 years, with the majority of the business focused on small ticket leasing companies. We believe being aligned with such a strong and experienced partner will facilitate the acquisition of new clients seeking leasing opportunities with MicroFinancial." About MicroFinancial MicroFinancial Inc. (AMEX: MFI - News), headquartered in Woburn, MA, is a financial intermediary specializing in leasing and financing for products in the $500 to $15,000 range. The Company has been in operation since 1986. About Kropschot Financial Services Kropschot Financial Services, located in Vero Beach, FL, is the leading provider of merger and acquisition advisory services for equipment leasing and specialty finance companies with over 150 acquisitions arranged. Contact: Microfinancial OR Kropschot Financial Services |
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