FSNA Comments on Economy's Effect on the Company

Franchise Services of North America Inc. (FSNA) announced the sale of three new Rent-A-Wreck franchises in Oyen, Alberta, and two additional locations in the greater Toronto area.

FSNA assures shareholders of is continued success despite the economic situation. It has candidates under consideration for U-Save franchises in both the United States and Ontario. It also reassures investors that except for the working capital facility, it has no third-party debt.

In addition, FSNA states that it does not require any fleet financing as its franchisees finance their own fleets, and so will not be as affected by economic instability.

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