Franchise Services of North America Inc. Announces Third Quarter Results for the Period Ending June 30, 2009 and New Franchise Locations
TSX-V Trading Symbol: FSN
The Company also announced the sale of the
During the quarter, the Company also experienced an unusually high level of claims for vehicles insured under the Company's insurance programs. Additionally, our reserves for outstanding claims under the Company's insurance programs increased by
We are also quite pleased to announce the sale of the
About FSNA ----------
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 Car Sales, Rent-A-Wreck of
U-Save, together with its subsidiary ARRC, has over 1,100 locations throughout
Practicar Systems Inc. (a wholly owned subsidiary of FSNA) owns the rights to the Rent-A-Wreck(R) trademark for all of
Forward-Looking Information ---------------------------
Certain statements made in this news release are forward looking in nature. The words "may," "could," "should," "would," "expect," "intend," "estimate," "anticipate," "believe," or "outlook" and similar expressions often identify forward-looking information. By their nature, forward-looking statements require FSNA to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that predictions, forecasts, conclusions and projections will not prove to be accurate, that FSNA's assumptions may not be correct and that actual results may differ materially from such predictions, forecasts, conclusions or projections. FSNA's forward-looking statements are qualified in their entirety by these cautionary statements. In addition, the forward-looking statements are made only as of the date of this news release, and except as required by applicable law, FSNA undertakes no obligation to publicly update these forward-looking statements to reflect new information, subsequent events or otherwise.
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.
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