UPDATE: FNHI UPDATES NOVEMBER PRODUCT ORDER TOTALS
November 29 2018 - 10:48AM
Toronto, Ontario, Nov. 29, 2018 (GLOBE NEWSWIRE) -- Franchise
Holdings International Inc., (OTCQB: FNHI) (or the Corporation)
Worksport Ltd.’s parent company, updated its November 2018
forecast, booking a total of $600,490 in purchase orders up from
$432,024 as previously announced. This exceeded the company’s
entire 2017 audited revenues by 46 per cent. Revenues from the
orders are expected in late December and early January 2019.
Worksport is an innovative manufacturer of high quality,
functional, and aggressively priced tonneau/truck bed covers for
the light truck market.
EXCEEDS ENTIRE 2017 TOTAL BY EVEN GREATER
MARGIN
“This is an outstanding achievement, exceeding the entire
previous year’s purchase orders by even greater margin than
previously disclosed,” said Worksport CEO Steven Rossi. “It means
an estimated 1400 percent increase in 2019 revenue growth over the
previous year. Trending toward U.S. $5,000,000 or more in 2019 is
well within our grasp.”
The items on order are currently in production at Worksport’s
manufacturing facilities and orders are beginning to ship from its
NY and PA warehouse.
About Worksport
Ltd
Worksport Ltd., a fully owned subsidiary of
Franchise Holdings International. Inc. is an innovative
manufacturer of high quality, functional, and aggressively priced
tonneau/truck bed covers for light trucks like the F150, Sierra,
Silverado, Canyon, RAM, and Ford F-Series. For more information
please visit www.worksport.com
About Franchise Holdings
International
Listed on the OTCQB Market under the trading
symbol “FNHI” and currently in the process of a dual listing on a
Canadian Stock Exchange, Franchise Holdings International’s
strategy is to acquire business in the fastest growing business
segments and to create shareholder value in the process. Once a
business of interest is acquired, our mission is to further develop
and accelerate the growth for all of our acquired
subsidiaries. Currently the Corporation has one fully owned
subsidiary, Worksport Ltd.
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. No Stock Exchange or
Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this release.
For further information please
contact:
Mr. Steven
Rossi
CEO &
Director
Franchise Holdings International
.
T:
1-888-554-8789
E: Investors@franchiseholdingsinternational.com
Website: www.FranchiseHoldingsInternational.com