MicroFinancial Incorporated (NASDAQ: MFI), a financial intermediary specializing in vendor-based leasing and finance programs for microticket transactions, announced today the release of a new Android App. This application will provide mobile access to TimePayment Direct, the proprietary multi-level scoring model of our wholly owned subsidiary, TimePayment Corporation (TPC), and will be available free to all qualified vendors and brokers of TPC through the Android Market. With the introduction of the Android App, TPC's vendors and brokers will now have four different ways in which to access TimePayment Direct to submit and process credit applications (Android, iPhone, iPad and computer).

This new application means that TimePayment Direct will be with vendors and brokers anywhere they are, giving them the ability to enter applications, receive credit decisions, and track the status of all of their transactions with TPC Direct, 24 hours a day and 7 days per week.

Richard Latour, President, and Chief Executive Officer said, "We are very pleased to announce the release of our new Android App. This will give our vendors and brokers nationwide additional access and flexibility in working with TPC. These enhanced services will especially benefit those vendors and brokers who process during the weekend or when away from their office."

For more information about the Android App features or becoming a qualified vendor or broker with TPC, please contact our sales department @ 1-877-868-3800 ET or 1-877-938-5230 PT or visit our website @ www.timepayment.com.

About the Company

MicroFinancial Inc. (NASDAQ: MFI), is a financial intermediary specializing in microticket leasing and financing. MicroFinancial has been operating since 1986, and is headquartered in Burlington, Massachusetts.

Statements in this release that are not historical facts, including statements about future dividends or growth plans, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In addition, words such as "believes," "anticipates," "expects," "views," "will" and similar expressions are intended to identify forward-looking statements. We caution that a number of important factors could cause our actual results to differ materially from those expressed in any forward-looking statements made by us or on our behalf. Readers should not place undue reliance on forward-looking statements, which reflect our views only as of the date hereof. We undertake no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances. We cannot assure that we will be able to anticipate or respond timely to changes which could adversely affect our operating results. Results of operations in any past period should not be considered indicative of results to be expected in future periods. Fluctuations in operating results or other factors may result in fluctuations in the price of our common stock. For a more complete description of the prominent risks and uncertainties inherent in our business, see the risk factors described in documents that we file from time to time with the Securities and Exchange Commission.

MicroFinancial Incorporated
Priscilla Ballaro, 781-994-4800
Director of Marketing