TSX-V Trading Symbol: FSN
CALGARY, June 25 /CNW/ - 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.
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.
For further information:
For further information: on FSNA or any of its operating subsidiaries
please contact: Alison Tullis, Senior Account Manager, CHF Investor Relations,
(416) 868-1079 x 233, firstname.lastname@example.org; Robert M. Barton, Chief Operating
Officer, FSNA, (601) 713-4333 x 116, email@example.com