Investment news: FNHI books a total of $189,438 in orders.
October 08 2018 - 8:00AM
WORKSPORT TO RECEIVE 1,100 UNITS DESTINED FOR U.S.
MARKET, VALUED AT $203,000 USD.
Toronto, Ontario, Canada, Oct. 08, 2018 (GLOBE
NEWSWIRE) -- Franchise Holdings International, Inc. (OTCQB: FNHI),
the parent company of Worksport LTD Inc., will shortly be receiving
1,100 units of its popular Trifold model in the U.S. This inventory
will generate up to U.S. $203,000 in revenue for the company,
expected within October to November, 2018. Arriving from
Worksport’s proprietary overseas manufacturing facilities, the
units are bound for the U.S. market. Worksport is also pleased to
announce it now has a total of $189,438 in booked orders waiting to
be filled, with new ordering arriving daily. Worksport is a
growing company and expects to clear all back orders and grow
revenues into 2019.
The shipments come shortly after FNHI secured
the use of the Worksport name and logo for the U.S. market. This
development paved the way to begin a dedicated U.S. sales
effort.
EXPLOSIVE SALES TREND
“Worksport is experiencing an explosive sales
trend,” said FNHI CEO Steven Rossi. “We are trending towards a
record-breaking quarter. We are now ramping up manufacturing to
stock as much product as possible. There is high demand and we
intend to fulfill and sustain it, especially in the U.S. Orders are
rising and coming in daily. Inventory is critical with our business
model, demand has never been higher”. More investment news about
the high demand is soon to be expected.
Rossi stated that the flood of new U.S. orders
was a ‘direct result of securing the Worksport name for the U.S,
Canada, and China.
Rossi added,“With proprietary and patented
Worksport branded product and new custom private label designs, we
will be bringing in thousands of units. With the U.S. market now
open to us, and our brand name secure, it’s a major move
forward.”
Rossi also said that FNHI believes that in Q4 it
will be successful in achieving its Canadian Securities Exchange
listing. This is expected to occur after approval of its
non-offering prospectus with the Ontario Securities Exchange, which
the company expects to file very soon.
UPDATES ABOUT NEW INVESTMENT
NEWS
Franchise Holdings International will update
investors continually about investment news, the growth strategy,
and progress on discussions with new private label and distribution
clients.
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 Worksport
Worksport 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. Worksport is a fully owned subsidiary of
Franchise Holdings International and currently the main revenue
force.
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/
OTCQB:FNHI
For more information, contact:
Franchise Holdings International
investors@franchiseholdingsinternational.com
https://franchiseholdingsinternational.com/
1-888-554-8789