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Rockford Industries Inc

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BUSINESS
February 19, 1999
American Express Co. said Thursday it completed its acquisition of Santa Ana-based Rockford Industries Inc., which finances and leases equipment for small businesses. As a result, trading of Rockford's stock has been discontinued on the Nasdaq market. Rockford becomes a subsidiary of New York-based American Express, a travel and financial services company that is moving to expand its small-business services.
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BUSINESS
May 3, 1998
Rockford Industries Inc.: The Santa Ana specialty finance company posted first-quarter net income of $403,000, or 9 cents a share, down 52% from the $840,000, or 19 cents a share, for the 1997 first quarter. Revenue was up 2% to $4.7 million from $4.6 million.
BUSINESS
May 3, 1998
Rockford Industries Inc.: The Santa Ana specialty finance company posted first-quarter net income of $403,000, or 9 cents a share, down 52% from the $840,000, or 19 cents a share, for the 1997 first quarter. Revenue was up 2% to $4.7 million from $4.6 million.
BUSINESS
November 13, 1996
Rockford Industries Inc. said it has revised its second- and third-quarter earnings downward to reflect higher costs on lease sales. Net income for the second quarter, as restated, was $754,000, down 19% from the $930,000 reported earlier. Net income for the third quarter was reduced 23% to $752,000 from the reported $972,000. The company provides financing for medical and medical-related equipment for physicians, dentists, chiropractors and optometrists, among others.
BUSINESS
January 27, 1998 | James S. Granelli
Rockford Industries Inc., a specialty finance firm, said Monday that it has agreed to underwrite and manage the financing deals put together by a newly established unit of a Provo, Utah, company. Rockford said it will provide NACT Telecommunications Inc.'s new unit, NACT Capital, with leasing, financing and billing services for customers. Rockford also will provide underwriting, funding, reporting and marketing support.
BUSINESS
February 5, 1998 | Barbara Marsh
In health care, like elsewhere nowadays, customers like one-stop shopping. Consider how Rockford Industries Inc., the Santa Ana equipment financing company, is collaborating with a seller of medical equipment. The financing company announced that it is working with New York-based Biodex Medical Systems Inc. to offer equipment buyers a chance to shop for equipment and arrange financing at the same time.
BUSINESS
January 27, 1998 | James S. Granelli
Rockford Industries Inc., a specialty finance firm, said Monday that it has agreed to underwrite and manage the financing deals put together by a newly established unit of a Provo, Utah, company. Rockford said it will provide NACT Telecommunications Inc.'s new unit, NACT Capital, with leasing, financing and billing services for customers. Rockford also will provide underwriting, funding, reporting and marketing support.
BUSINESS
July 30, 1996
Rockford Industries Inc., a specialty finance company, said net income for the second quarter more than doubled to $930,000, or 21 cents a share, from $363,000, or 15 cents a share, for last year's second quarter. Revenue rose 49% to $24.4 million from $16.4 million. For the first six months, net income increased to $1.6 million, or 35 cents a share, from $555,000, or 23 cents a share. Revenue grew 58% to $47 million from $29.7 million.
BUSINESS
November 13, 1996
Rockford Industries Inc. said it has revised its second- and third-quarter earnings downward to reflect higher costs on lease sales. Net income for the second quarter, as restated, was $754,000, down 19% from the $930,000 reported earlier. Net income for the third quarter was reduced 23% to $752,000 from the reported $972,000. The company provides financing for medical and medical-related equipment for physicians, dentists, chiropractors and optometrists, among others.
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