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

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.

>