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.

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

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.

The Problem with Valuing Safety Technology

As advanced safety technologies have migrated to mainstream vehicles, retaining value for these options at resale remains an issue.

ELD Mandate: Is Your Head Still in the Sand?

If you think you have 11 weeks to implement an Electronic Logging Device system to meet the Dec. 18 compliance deadline, you really don’t — for a few reasons.

Job Finder: Access Top Talent. Fill Key Positions.

>