FSNA Inc. Announces First Quarter Results for Period Ending Dec. 31, 2006
The company reported net income of $243,407, compared to a loss of $19,485 in the prior year.
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.
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