Franchise Services of North America Inc. to Resume Trading on the TSX Venture Exchange
TSX-V Trading Symbol: FSN
CALGARY, June 25 /PRNewswire-FirstCall/ - Franchise Services of North America Inc. ("FSNA" or the "Company") announced today that it has received official notice from the TSX Venture Stock Exchange ("TSX-V") stating that the shares of the Company are scheduled to be reinstated for trading effective at the opening of the market on Thursday, June 26, 2008. "The interruption in trading is now behind us. Our Executive team's persistent and diligent work resolved this matter as quickly as possible with the assistance of our outside advisors," said Bob Barton, the Company's Chief Operating Officer. "We are eager to put all of our efforts back into growing the businesses and expanding our brand awareness in both Canada and the United States," he added.
About FSNA ---------- FSNA is a publicly-traded company 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 Canada, Auto Rental Resource Center ("ARRC"), Xpress Rent A Car and Peakstone Financial Services. U-Save, together with its subsidiary ARRC, has over 1,100 locations throughout the United States and is one of North America's largest franchise car rental companies. Having primarily serviced the local market for the past 25 years, the Company is expanding into the airport market with plans for the opening of airport locations in the top 30 markets in the United States and the major airports in Canada. U-Save currently services 27 airport markets in 14 different states. U-Save Car Sales is an expansion of the U-Save brand into the car sales market, and provides goods and services to car sales operators looking to affiliate with a national brand. Practicar Systems Inc. (a wholly owned subsidiary of FSNA) owns the rights to the Rent-A-Wreck(R) trademark for all of Canada. The Rent-A-Wreck(R) system operates a network of 53 franchises from coast-to-coast in Canada, providing a range of vehicle rental, leasing and sales options to its customers. The Rent-A-Wreck(R) system has been in continuous operation in Canada since 1976. The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
SOURCE Franchise Services of North America Inc.
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