Corporate Profile for Rockford Industries Inc., dated Sept. 19, 1997.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: Sept. 19, 1997
Company Name: Rockford Industries Inc.
Address: 1851 E. First St., Suite 600
Santa Ana, Calif. 92705
Main Telephone
Number: 714/547-7166
Internet Home
Page Address
(URL) rocf.com
Chief Executive
Officer: Gerry Ricco
Chief Financial
Officer/
Investor Relations
Contact: Kevin McDonnell
Business number: 714/547-7166
Home number: 626/282-5634
Public Relations
Contact: John Muir, Coffin Communications
Business number: 818/789-0100, ext. 103
Home number: 818/789-1152
Trading Symbol/
Exchange: ROCF
Industry: Specialty Finance
Market Makers: Cruttenden Roth
Company description: Rockford Rockford, industrial city (1990 pop. 139,426), seat of Winnebago co., N Ill., on the Rock River near the Wis. line; inc. 1839 with the merger of two settlements on opposite sides of the river. Industries Inc., founded in 1984, is a convenience-oriented, specialty finance company engaged primarily in the financing of medical and medical-related equipment for primary care providers in the health care industry and also to the general business community. Rockford competes principally in the lower-priced segment of the medical equipment finance market, where the equipment financed is priced at $250,000 or less, and acquired primarily by private practitioners such as: physicians, dentists Dentists can refer to one of the following:
out·pa·tient n. medical facilities and non-physician medical practitioners. Rockford also finances essential use equipment to the general business community including: information management systems, telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. systems and office furniture. Rockford provides fast and flexible point-of-sale financing for the purchase of equipment which is secured by the equipment and other assets other assets Assets of relatively small value. For financial reporting purposes, firms frequently combine small assets into a single category rather than listing each item separately. . Its primary income is generated from the difference between its cost of funds Cost of Funds The interest rate paid on an outstanding loan. Notes: Money isn't free! Cost of funds is the cost of borrowing money. See also: Interest Rate Cost of funds Interest rate associated with borrowing money. and the rate negotiated in its contracts. Additional income is derived from servicing the portfolio of contracts which has been generated over time and from late fees generated from late-paying accounts. "Residual values Residual value Usually refers to the value of a lessor's property at the time the lease expires. residual value The price at which a fixed asset is expected to be sold at the end of its useful life. " comprise a very small part of Rockford's total assets. CONTACT: Rockford Industries Inc. |
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