MIAMI, Oct. 16 /PRNewswire-FirstCall/ -- AR Growth Finance Corp. ("AR Growth") (Pink Sheets: ARGW) announced today that its 95% owned subsidiary, ProBenefit S.A. ("ProBenefit") has appointed Antonio Goitisolo as its new General Manager. Mr. Goitisolo has been in the financial services and banking sector for over 25 years in Argentina. Mr. Goitisolo brings an impressive background to ProBenefit. Namely, as Head of Corporate Banking of Banco Europeo (BEAL S.A.), a part of WestLB Group in Argentina. Additionally, Mr. Goitisolo also was Deputy General Manager of Nuevo Banco Bisel S.A. in Argentina. Mr. Goitisolo holds a Law Degree from the Universidad de Belgrano, with specialization in Private Law. For the past year Mr. Goitisolo had been employed as a consultant to ProBenefit, assisting in the successful merger between the Unidos AFJP pension company and the Prorenta AFJP pension company. Kevin Fitzgerald, Chief Executive Officer and Director of AR Growth, commented, "We are very excited to have someone of Antonio's background and expertise join ProBenefit. Under his leadership we are certain that ProBenefit will grow profitable and rapidly." Oscar Cerruti, a Director of AR Growth, added, "We have been searching for someone with Antonio's banking and finance experience to help us focus ProBenefit's efforts and to manage our growth. Antonio's career and reputation in Argentina have been excellent and this will prove to be a critical element to our company going forward." "I am honored to become part of ProBenefit's management team and I am confident that with all of our experience and background, I believe we will be able to raise ProBenefit to the next level," said Mr. Goitisolo. Recent News: -- ARGW Receives Final Approval for Merger of Argentine Pension Companies -- ARGW Completes Bond Financings -- ARGW Announces Subsidiaries' New Offices in Buenos Aires About AR Growth Finance Corp AR Growth Finance Corp is a Delaware corporation established in 2007 to invest in finance-related companies in Argentina and ultimately throughout South America. Its principal shareholders are US and Argentine financial institutions, and its acquisition of 95% of ProBenefit was announced on February 27, 2008. ProBenefit's wholly owned subsidiary, Nexo, operates a consumer credit card business in the Santa Fe province of Argentina. It offers traditional consumer credit card services as well as providing consumer loans. Contact: Allen & Caron AR Growth Finance Corp. Rudy Barrio (investors) Kevin Fitzgerald, Chief Executive Officer 305-446-4800 212-691-8087 Brian Kennedy (media) DATASOURCE: AR Growth Finance Corp. CONTACT: Investors: Rudy Barrio, +1-212-691-8087, , or Media: Brian Kennedy, , both of Allen & Caron for AR Growth Finance Corp; Kevin Fitzgerald, Chief Executive Officer of AR Growth Finance Corp., +1-305-446-4800 Web Site: http://biz.yahoo.com/prnews/080812/latu520.html?.v=17 http://biz.yahoo.com/prnews/080826/latu535.html?.v=18 http://biz.yahoo.com/prnews/080902/cltu108.html?.v=75 http://www.tarjetanexo.com.ar/ http://www.unidos.com.ar/

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