GFD Announces 2nd Quarter Results

General Finance and Development, Inc. (OTC Markets: GFDV)
announced today 2nd quarter results for 2013.

The
highlights are summarized below. However, we urge investors to read our 2013 2nd
Quarter Report posted at www.genfd.com and www.otcmarkets.com. The limited
information that follows in this press release is not adequate for making an
informed investment judgment.

• The highlights for the quarter include a 38% percent increase
  in sales revenue over the same period in 2012. GFD reported sales of $557,274 compared to $403,058 for the 2^rd
  quarter of 2013.


• For the six months ended June 30, 2013 GFD showed a 19%
  increase in sales on revenue of $893,316 compared to $751,226 in revenue for
  the same period in 2012.  


• GFD
  realized a net loss of $45,760 for the six month period ending June 30, 2013
  compared to $2,505 in net income for the same period in 2012. The difference is
  primarily attributed to an increase in cost of goods sold and lower increases
  in unrealized investments.


• Wholly
  owned subsidiary Corporate Art Force (CAF) had net income of $11,023 for the 2^nd
  quarter on sales of $555,847.


• Current
  assets exceed current liabilities by a ratio of 9 to 1.


• The
  company has no long term debt.

Financial results are
being driven by GFD?s main operating subsidiary Corporate Art Force.

 

During the quarter the CAF
continued efforts to perfect its business model and further develop the comprehensive
art management program being marketed as the SmartArt Program?.  

 

A rotating art exhibit
is scheduled for test marketing during the months of September and October of
this year.

 

GFD management has been
in strategic discussions to co-develop a creative business center based in
Minneapolis. The site would be the home of Corporate Art Force and other
creative ventures that are complimentary with the GFD model.

 

CAF management believes when
managed properly, art provides an intrinsic return on investment evidenced by
improved employee retention and productivity, customer and public awareness and
patient outcomes for healthcare organizations.

The Minneapolis based company is
a model being developed for expansion into other cities with the SmartArt
Program being a key to that expansion.

Since inception in September 2009,
CAF has framed and distributed over 20,000 pieces of artwork for more than 150
clients to locations in 40 states.

CAF
management believes the market for the services they provide is estimated to be
over $1 billion and there currently is no single provider who has as much as 10
percent of the market. The industry is considered to be fragmented and
non-standardized and CAF believes there is an opportunity to capture a
significant share of the market within the next several years. New products and
distribution systems are being developed to capture a significant market share.   

General Finance and Development,
Inc. provides capital and business development services to small and medium
size companies. Capital is provided to qualified companies by equity and/or
strategic loan agreements. Business development services include business
planning, organization and management development. GFD also pursues merger/acquisitions
and joint venture projects.

The foregoing
material may contain forward-looking statements. We caution that such
statements may be subject to uncertainties and that actual results could differ
materially from the fore-going statements. Readers accordingly should not place
undue reliance on these forward-looking statements which do not reflect
anticipated or unanticipated events or circumstances occurring after the date
of these forward-looking statements. More information regarding General Finance
and Development including financial statements and reports is available at the
company?s website www.genfd.com and www.otcmarkets.com.