updated 11/11/2010 7:16:35 PM ET 2010-11-12T00:16:35

DALLAS, Nov. 12, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring CIT Group Inc. (NYSE:CIT). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.

The full report is available at: www.microstockprofit.com/lp/CIT

CIT Group Inc. (CIT) operates as the holding company for CIT bank that provides commercial financing, leasing products, and other services to small and middle market businesses. It provides a combination of relationship, intellectual and financial capital to its customers worldwide. The Company serves clients in a variety of industries, including transportation, aerospace and rail, manufacturing, wholesaling, retailing, healthcare, communications, media and entertainment, and various service-related industries. It operates in five segments: Corporate Finance, Transportation Finance, Trade Finance, Vendor Finance and Consumer Finance.

Message Board Search for CIT: http://www.boardcentral.com/boards/CIT

In the report, the analyst notes:

"CIT on Wednesday said it will redeem $752 million of its second-lien notes, cutting the high-cost debt left from its bankruptcy last year. CIT filed for bankruptcy in November of 2009, only to emerge from it a month later. It intends to complete the redemption of the 10.25% notes on January 4, 2011."

"The redemption of all our Series B Notes is another milestone in our post-restructuring efforts," said CIT chairman and CEO John A. Thain. "Once complete, we will have extinguished more than $6.5 billion of high cost debt over a twelve month period."

To read the entire report visit: www.microstockprofit.com/lp/CIT

See what investors are saying about CIT at http://www.stockhideout.com

Get breaking news on CIT at http://thestockmarketwatch.com/

MicroStockProfit.com is a small-cap research and investment commentary provider. MicroStockProfit.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on MicroStockProfit please visit: http://www.microstockprofit.com

MicroStockProfit.com Disclosure

MicroStockProfit.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. MicroStockProfit.com is a Web site wholly owned by BlueWave Advisors, LLC. Neither MicroStockProfit.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. Please read our report and visit our Web site, MicroStockProfit.com, for complete risks and disclosures.

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