Firemans Contractors Receives DTC Clearance, Provides Shareholder Update and Franchise Success Results
October 10 2013 - 8:15AM
Marketwired
Firemans Contractors Receives DTC Clearance, Provides Shareholder
Update and Franchise Success Results
FORT WORTH, TX--(Marketwired - Oct 10, 2013) - Firemans
Contractors, Inc. (OTCQB: FRCN), a Commercial Contractor providing
professional services for commercial and government clients,
focusing on developing a Commercial Business to Business Franchise
Opportunity, is pleased to provide a shareholder update and
announce that it has received clearance from the DTC (Depository
Trust Company) as its "Plan for Growth" through franchising
strategy sees bright future ahead.
"The DTC (Depository Trust Company) provided clearance on
Firemans Contractors after a review and will continue accepting
deposits of the Issue for depository and book-entry transfer
services."
Renee Gilmore, CEO of Firemans Contractors, stated, "We're proud
to announce this critical step in receiving DTC clearance. Our
future is bright as The Plan for Growth through franchising
reflects strong results from its current franchisees that are
experiencing a 25% net profit in their first year of business."
This past year we have been strategically positioning ourselves
for growth through franchise development. Part of that has been to
ensure the success of our first franchisees as we lay the
foundation of success for others. The company has experienced an
overall increase in revenues as our June 30, 2013 financial
statements reflect, that we expect to file within the allotted
extension time period.
About Depository Trust Company
DTC was created by the securities industry to improve
efficiencies and reduce risk in the clearance and settlement of
securities transactions. Today, DTC is the largest securities
depository in the world. Including securities issued in the U.S.
and 121 other countries, DTC has on deposit 3.6 million securities
worth about $35 trillion. For more information about DTC please
visit the SEC website or view this link;
http://www.sec.gov/investor/alerts/dtcfreezes.pdf
About Firemans Contractors:
Firemans Contractors, Inc. (OTCQB: FRCN) is a full-service
contractor providing professional services for commercial and
government clients, focused on developing a Business to Business
Franchise Opportunities throughout the United States. Its services
include Road Improvements, Pavement Maintenance, Seal Coating,
Parking Lot Striping, Pavement Marking, Asphalt Maintenance and
Repair, and ADA Compliance. Firemans Contractors brings a
professional value system delivering outstanding results through
honorable customer relationships and repeat business. Local
firefighters are supported by a portion of profits which are
donated to local Firefighter Associations. Firemans Contractors is
a proud member of the Franchise Association (IFA) and The Veteran
Transition Franchise Initiative (VetFran). As member, Firemans
Contractors is expanding through franchise development, aimed to
assist the Company in expanding its market share. As a franchisor,
the Company will provide franchisees with training and support,
including the proprietary Firebase™ software platform, which is
included along with other business tools and training for new
franchisees of Firemans Contractors.
For more information about Firemans Contractors, visit:
www.FiremansContractors.com
This press release contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Act of 1934. These forward-looking
statements are based largely on the expectations or forecasts of
future events, can be affected by inaccurate assumptions, and are
subject to various business risks and known and unknown
uncertainties, a number of which are beyond the control of
management. Therefore, actual results could differ materially from
the forward-looking statements contained in this press release.
Additional information respecting the factors that could materially
affect the Company and its operations are contained in its annual
report on Form 10K and Form 10-Q as filed with the Securities and
Exchange Commission. The Company undertakes no obligation to
publicly update or revise any forward-looking statement.
Renee Gilmore CEO/Chairwoman Firemans Contractors, Inc. 1 (800)
475-1479 Email Contact
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