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

Car Rental Rates Up, Fleet Sales Down — Correlation?

Car rental companies’ recent fleet discipline is needed now more than ever.

Hertz, Avis Autonomy Partnerships: Good First Steps on a Long Path

Two new autonomous vehicle project partnerships bring the importance of fleet management to the fore.

An Inside Look at Car Rental in China

A trip to a new car rental convention in Guangzhou reveals a booming market, yet one facing unique challenges.

Job Finder: Access Top Talent. Fill Key Positions.

>