FSNA Inc. Announces First Quarter Results for Period Ending Dec. 31, 2006

Franchise Services of North America Inc. has announced its first quarter results for the period ending Dec. 31, 2006.

The company reported net income of $243,407, compared to a loss of $19,485 in the prior year.

As the reverse takeover transaction between U-Save Auto Rental of America, Inc. and Rent-A-Wreck Capital Inc. was not completed until Nov. 30, 2006, these results reflect three months' activity for the Practicar Systems Inc. subsidiary and only one month's operation for U-Save.

FSNA COO Robert M. Barton called the report a strong start for the newly combined entity.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Will Cars Become Transportation Appliances?

The cars are still the stars, but this year’s L.A. Auto Show revealed an auto industry at a crossroads.

U.S. Car Rental: Sanity in the Face of Disruption

A newfound austerity in fleeting is producing a domino effect of benefits for 2018.

Understanding The Fleetification of Everything

As fleet miles increase exponentially, and as new stratum of fleet enter both consumer and business use cases, the "founding fathers" who gathered at Fleet Forward in Miami last week have some work to do.

Job Finder: Access Top Talent. Fill Key Positions.

>