FSNA Reports Net Loss of $39M for 2013

In a press statement from June 13, Franchise Services of North America (FSNA) reported revenue at $135,128,664 and a net loss of $39,036,516 — based on its financial results for the fiscal year that ended Sept. 30, 2013.

The company’s audited annual financial statements for 2013 as well as a management’s discussion and analysis can be viewed on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.

Catalyst Capital Group was selected as the prevailing purchaser in an auction for the assets connected with FSNA’s wholly-owned subsidiary, Simply Wheelz LLC, which operates as Advantage Rent A Car.

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