WORKSPORT RECEIVES SECOND PRIVATE LABEL ORDER FROM CANADIAN MAJOR MASTER WAREHOUSE DISTRIBUTOR PROVING AN INNOVATING GROWTH S...
October 01 2018 - 8:00AM
ORDERS FOR CUSTOM TONNEAU COVERS FROM CUSTOMER NOW
EXCEED $200,000 USD
Toronto, Ontario, Canada, Oct. 01, 2018 (GLOBE
NEWSWIRE) -- Franchise Holdings International, Inc. (OTCQB: FNHI),
the parent company of Worksport LTD Inc., has received a second
private label order from a Canada-wide automotive master warehouse
distributor resulting from a successful growth strategy. Worksport
custom-developed the proprietary and patented tonneau cover,
modifying one of its principal products. Orders from this industry
leader now exceed U.S. $200,000. They are expected to continue and
grow significantly throughout the year, said Worksport CEO Steven
Rossi. Positioning Worksport for a strong end to 2018 and trending
towards a record 2019. Worksport is an innovative manufacturer of
high quality, functional, and aggressively priced tonneau/truck bed
covers for the light truck market with a new and innovating growth
strategy.
“We are very proud of this second private label
order from one of one of Canada’s largest master warehouse
distributors of automotive accessories directly following a growth
investment in FNHI,” said Rossi. “It is a testimony to the demand
for our proprietary and patented tonneau covers. The product’s
quality and its innovative characteristics were clearly evident to
end users. We expect more orders in the near future as a direct
result of our innovative growth strategy.”
Private label manufacturing: a factor in future
Worksport growth strategy
Private label manufacturing will be a large
factor in our ambitious future growth strategy, noted Rossi. “This
buyer enjoys sales of several hundred million dollars. They have
been a leader in the industry since the 1960s. With warehouse
locations in every major Canadian city, totaling millions of square
feet,” Rossi added. “Its catalog includes thousands of light truck
and trailer products, to a fast-growing private label line of car
and truck accessories. They are distributed by the company’s own
logistics organization. Consumers see their trucks every day on
highways across North America.”
Unsolicited inquiry begins new Worksport U.S. sales
effort
A major purchaser of private label tonneau/truck
bed covers in the U.S. recently has also begun discussions with
Worksport. The U.S. company is now sampling and testing Worksport’s
proprietary and patented tonneau covers. It believes they display
much higher quality than its present, well-known supplier, Rossi
said. “FNHI has recently secured the rights to use the Worksport
label and logo in the U.S.,” Rossi added. “The new private label
discussions are a direct result of our ability to revive and grow
our sales in the U.S. These two developments demonstrate the
momentum that’s occurring across the continent and show the
beginning of a successful growth strategy.”
Rossi said that FNHI will update investors
continually as these relationships expand.
Forward-Looking Statements
This document may contain forward-looking
statements, relating to Franchise Holdings International Inc.
operations or to the environment in which it operates, which are
based on Franchise Holdings International Inc. operations,
estimates, forecasts and projections. These statements are not
guarantees of future performance and involve risks and
uncertainties that are difficult to predict, and/or are beyond
Franchise Holdings Internationals Inc.’s control. A number of
important factors could cause actual outcomes and results to differ
materially from those expressed in these forward-looking
statements. Consequently, readers should not place any undue
reliance on such forward-looking statements. Franchise Holdings
International Inc. disclaims any intention or obligation to update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
About Franchise Holdings
International
Please visit our website to read more about Franchise Holdings
International, our revenue growth and our
future expectations:
https://www.FranchiseHoldingsInternational.com
Feel free to get in touch with our management team
using our contact page:
https://FranchiseHoldingsInternational.com/contact-us/
For more information, contact:
Franchise Holdings International
investors@franchiseholdingsinternational.com
1-888-554-8789