AGM Statement

2 Aug 2007 07:00

Private & Commercial Fin Group Plc02 August 2007 Private & Commercial Finance Group Plc ('PCFG' or 'the Group') PCF.L / Index: AIM / Sector: Speciality & other finance Private & Commercial Finance Group Plc AGM Statement 2nd August 2007 Private & Commercial Finance Group Plc, the AIM quoted finance house, will holdits Annual General Meeting today. At the meeting, CEO Tony Nelson will say, "As highlighted in our recent results,the continuing strong growth in new advances, combined with our business modelcomprising a national network of brokers supported by highly efficient web-basedoperating systems, increases our confidence that 2007 will show a soundimprovement over the previous period. "Although we have been expecting the Bank of England's successive interest ratehikes to make themselves felt, they have not yet been reflected in ourbusinesses. July, which normally sees a seasonal slowdown as the holiday seasonbegins, set a new record with advances topping £7 million for the first time." * * ENDS * * For further information visit www.pcfg.co.uk or contact: Private & Commercial Finance Group Tel: 020 7222 2426plcTony Nelson St Brides Media & Finance Ltd Tel: 020 7242 4477Felicity Edwards Notes to Editors: Private & Commercial Finance Group plc, which is authorised and regulated by theFinancial Services Authority, is an independent AIM-listed finance house.Through its operating subsidiaries the Company provides a carefully selectedrange of high quality equipment finance products tailored for both business andpersonal customers. The range extends from financing cars for consumers toleasing a wide range of equipment to businesses. www.pcfshowroom.co.uk the Group's virtual car showroom offers a range ofattractively priced new and pre-registered cars on finance. This information is provided by RNS The company news service from the London Stock Exchange