FRANCHISE HOLDINGS INTERNATIONAL WORKSPORT TRADEMARK ANNOUNCEMENT
August 13 2018 - 8:58AM
FNHI Cleared to Complete the Process
of Acquiring its Trademark for Worksport
Toronto, Ontario, Canada, Aug. 13, 2018 (GLOBE
NEWSWIRE) -- Franchise Holdings International, Inc. (OTC: FNHI),
the parent company of Worksport LTD Inc., an innovative
manufacturer of high quality, functional, and aggressively priced
tonneau / truck bed covers for the light truck market, announces
that it has been cleared to acquire its Trademark for Worksport.
This completes the final step in the company’s official name change
from its former operating name, Truxmart.
The legal significance is that the trademark is
now assumed to be granted. This is the result of a lengthy process
of having the previous mark marked as abandoned by its previous
registered owner. This was accomplished with Worksport’s
world-class legal team at the direction of CEO Steven Rossi, who
has a strong working knowledge of Intellectual Property rights.
This major victory for FHHI and its Worksport
subsidiary cleared the way for the company to obtain its logo and
word trademarks in Canada, in the United States and in China.
This is the highest level of protection and is also bears
the highest level of intrinsic value to the company. Once
granted, these trademarks mark that the final barrier to entry into
our coveted market in the automotive industry has been overcome,
something few companies have accomplished. According to experts in
the legal community, these types of legal challenges have about a
one in a million chance of being granted.
“We believe that the name Worksport has
immeasurable value and we are committed to securing it,” said FNHI
CEO Steven Rossi. “We were told that such Petitions never work but
we persevered and against all odds we were successful.”
FNHI invests in high growth, high revenue
opportunity companies. These are companies that are going to be
profitable and have explosive revenues. And they have a proof of
concept that can be monetized very quickly to produce earnings and
revenue.
About Franchise Holdings
International
Worksport, Franchise Holdings International's wholly owned
subsidiary, was founded in 2011 to breathe innovation into the
existing tonneau / truck bed cover market. Tonneau / truck bed
covers have remained much the same in price and design since 2005
with one main company controlling a majority of the tonneau / truck
bed cover market. This dynamic market segment is in need of a new
innovative manufacturer of high quality, functional, and
aggressively priced tonneau / truck bed covers. Worksport has
developed multiple products for all of the most prominent pickup
trucks available in North America. Details of most products can be
found at www.Worksport.com. Worksport sells its products through
master warehouse distributors, dealers, and online retailers in
Canada and the U.S.
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. 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.
For more information, contact:
Franchise Holdings International
investors@franchiseholdingsinternational.com
https://franchiseholdingsinternational.com/
1-888-554-8789
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