FranchiseMaster Technologies, Inc. - Private Placement

CDNX: "YFH"



Apr 19, 2001, 01:00 ET from FranchiseMaster Technologies, Inc.

    VANCOUVER, April 18 /PRNewswire/ - FranchiseMaster Technologies, Inc.
 (the "Company") proposes to raise $100,000 U.S. by a private placement of a
 convertible promissory note to an arm's-length U.S. investor. The promissory
 note has a term of one year and bears interest at the rate of 10% per year,
 payable on maturity. The offering is subject to regulatory approval.
     The convertible promissory note will allow the investor to convert the
 debt, or any portion of the debt, into Units of the Company at the exercise
 price of $0.58 CAD per Unit. Each Unit will comprise one (1) common share and
 one half (1/2) of a purchase warrant. Each whole warrant may be converted into
 one common share of the Company at an exercise price of $0.58 CAD per share
 for a period of twelve (12) months from the closing date of the convertible
 debenture.
 
     The Canadian Venture Exchange has in no way passed upon the merits of the
 proposed transaction and has neither approved nor disapproved the contents of
 this press release.
 
 

SOURCE FranchiseMaster Technologies, Inc.
    VANCOUVER, April 18 /PRNewswire/ - FranchiseMaster Technologies, Inc.
 (the "Company") proposes to raise $100,000 U.S. by a private placement of a
 convertible promissory note to an arm's-length U.S. investor. The promissory
 note has a term of one year and bears interest at the rate of 10% per year,
 payable on maturity. The offering is subject to regulatory approval.
     The convertible promissory note will allow the investor to convert the
 debt, or any portion of the debt, into Units of the Company at the exercise
 price of $0.58 CAD per Unit. Each Unit will comprise one (1) common share and
 one half (1/2) of a purchase warrant. Each whole warrant may be converted into
 one common share of the Company at an exercise price of $0.58 CAD per share
 for a period of twelve (12) months from the closing date of the convertible
 debenture.
 
     The Canadian Venture Exchange has in no way passed upon the merits of the
 proposed transaction and has neither approved nor disapproved the contents of
 this press release.
 
 SOURCE FranchiseMaster Technologies, Inc.