Franchisor Celebrates Listing on Toronto Stock Exchange
MINNEAPOLIS, June 8 /CNW/ -- Rapid Brands Inc. and its wholly owned
subsidiary, Rapid Refill Corp., launched a new chapter in the company's
history Wednesday when it began trading on the Toronto Stock Exchange (TSX)
Venture Exchange under the stock symbol RAP.
Rapid Refill Corp. is the Chanhassen, Minn.-based franchisor of Rapid
Refill Ink stores specializing in remanufacturing and selling inkjet and laser
toner cartridges for printers, copiers, fax machines and all-in-one machines
at savings up to 50 percent below those of OEM (Original Equipment
Vice Chairman of the Board, Roger Block and Director Mike Batt -- who
previously acquired Rapid Refill from founder Dan White in March 2005 -- were
present at TSX and rang the bell for the opening of the markets along with
Steve Hockett, president and CEO of Rapid Brands Inc. There are currently 92
Rapid Refill Ink locations in 27 states.
"This signifies a very exciting time for Rapid Refill Ink," Hockett said.
"Over the next several years, we are looking forward to dramatic expansion
around the globe."
Hockett said Rapid Refill already has signed franchise agreements for 150
locations in the next several years. Its first international expansion will
likely be to Canada within 12 months.
"The marketplace for remanufactured cartridges is significant," Hockett
said. "Demand is proven. With our new structure, Rapid Refill Ink is in
position to open additional stores and build and expand our brand."
The Rapid Refill Ink business model is easily scalable and Hockett said
the company is expecting substantial growth from multi-unit franchisees who
would each open three to five units over the next five to seven years.
JJR Capital Corp., a private merchant bank specializing in small- and
middle-market public- and private-equity transactions, assisted Rapid Refill
in identifying opportunities for growth and development of its business and
"We are proud to sponsor exceptional U.S. emerging companies like Rapid
Brands Inc. by introducing them to the innovative funding platform of the
Capital Pool Program on the TSXV," said Ronald D. Schmeichel, CEO and
president of JJR Capital Corp.
Said Kevan Cowan, president of TSX Venture Exchange: "We are thrilled
that Rapid Brands has chosen to list on TSX Venture Exchange. TSX Venture
Exchange is unique in North America for offering financing, growth and trading
opportunities specifically designed for small- and medium-sized public
companies such as Rapid Brands."
For further information:
For further information: Steve Hockett of Rapid Brands Inc.,
+1-541-431-4665; or Kelly Templer of Sanderson & Associates, Ltd.,
+1-312-829-4350, Kelly@sandersonpr.com, for Rapid Brands Inc. Web Site: