TSX-V Trading Symbol: FSN
RIDGELAND, MS, Jan. 21, 2015 /PRNewswire/ - FRANCHISE SERVICES OF NORTH AMERICA INC. ("FSNA" or the "Company") (FSN.V) announced today the opening of seven new U-Save Car & Truck Rental locations in the U.S. and abroad. Franchise Agreements were signed for five neighborhood locations in New Jersey, Florida, and Massachusetts, plus two locations in Jamaica.
The new franchises in New Jersey are located in East Brunswick, Union and Westfield. We are excited the owner made the choice to join the U-Save family. Growing the system and building the brand with quality franchisees is key to the future success of U-Save. In addition to the New Jersey market, new franchises also opened in Crestview, Florida; and Tewksbury, Massachusetts. Montego Bay and Kingston, Jamaica, are scheduled to open soon and will bring a continued presence in the international market.
"We are extremely excited about these new locations and the continued growth of the system. Franchise sales are a major focal point of the Company's effort to expand awareness of the U-Save brand domestically and internationally."_ Tom McDonnell, CEO
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, Sonoran National Insurance Company 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.
With more than 150 years of combined insurance experience, Sonoran National Insurance Group is licensed in all 50 states and serves customers in every part of the country. Sonoran provides an entire range of business and personal insurance solutions customized to the needs of the clients.
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.