TSX-V Trading Symbol: FSN
CALGARY, April 1 /CNW/ - FRANCHISE SERVICES OF NORTH AMERICA INC. ("FSNA"
or the "Company") is pleased to announce that the Company's Executive Vice
President and Chief Operating Officer, Robert Barton, today received the 2009
Russell Bruno Award for Car Rental Executive of the Year at the 2009 Annual
Car Rental Show in Las Vegas. This conference is the car rental industry's
premier event where independent and franchised rental company operators,
automotive manufacturers and industry professionals convene.
FSNA Co-Chief Executive Officer Sanford Miller stated, "Naturally, we are
very proud of Bob for his achievements and appreciate his talents every year.
He is dedicated to the auto industry and his work as President of the American
Car Rental Association. Being singled out as Executive of the Year is of no
surprise to us. We at Franchise Services of North America congratulate Bob on
this wonderful award."
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 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 leisure markets in the United States and the major
airports in Canada. U-Save currently services 31 airport markets in 16
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.
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 the 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.
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, Alison@chfir.com; Robert M. Barton, Chief Operating
Officer, FSNA, (601) 713-4333 x 116, email@example.com