Franchise Services of North America announces financial results for the fiscal year ended September 30, 2013
TSX-V Trading Symbol: FSN
RIDGELAND, MS, June 13, 2014 /CNW/ - FRANCHISE SERVICES OF NORTH AMERICA INC. ("FSNA" or the "Company") (FSN.V) announced today its financial results for the fiscal year ended September 30, 2013. Revenue and the net loss for the year ended September 30, 2013 were $135,128,664 and $39,036,516, respectively, as compared to revenue of $10,606,197 and a net loss of $2,089,966 for the year ended September 30, 2012.
The Company's audited annual financial statements for the years ended September 30, 2013 and 2012 and related management's discussion and analysis can be viewed on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.
FSNA is a publicly traded company listed on the TSX Venture Exchange. The Company and its subsidiaries own the following brands: U-Save Car & Truck Rental® ("U-Save"), U-Save Car Sales, Rent-A-Wreck of Canada, PractiCar, Auto Rental Resource Center ("ARRC"), Xpress Rent A Car and Peakstone Financial Services.
U-Save, together with its subsidiary ARRC, has over 900 locations throughout the United States and is one of North America's largest franchise car rental companies. U-Save currently services 19 airport markets in 13 different states. Although primarily based in the United States, U-Save has 18 international locations in Mexico, Greece, the Middle East, Latin America, and the Caribbean.
Practicar Systems Inc. owns the rights to the Rent-A-Wreck® and the PractiCar® trademarks for all of Canada. The Rent-A-Wreck® system operates a network of 61 franchise locations from coast-to-coast in Canada, providing a range of vehicle rental, leasing and sales options to its customers. The Rent-A-Wreck® system has been in continuous operation in Canada since 1976.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Franchise Services of North America Inc.