Update: FNHI IN DISCUSSIONS WITH TECH COMPANY. WORKSPORT RECORD SETTING MONTH FOR ORDERS
December 03 2018 - 08:00AM
Toronto, Ontario, Dec. 03, 2018 (GLOBE NEWSWIRE) -- Worksport
LTD, Franchise Holding International Inc’s (OTCQB:FNHI) wholly
owned subsidiary is pleased to announce final November product
orders. As released on November 20th, 2018, Worksport
had received a total of $432,024 in orders. Those figures were
subsequently updated on November 29th, 2018 to be
$600,490.
Worksport is proud to announce that during the
month of November, 2018; Worksport received a total of US $865,218
in purchase orders, with approximately $51,288 having been recently
invoiced. This leaves Worksport with a total of US $813,930.56 in
outstanding orders waiting to be invoiced and shipped to their
respective buyers.
“We are thrilled to finally be able to show our
revenue potential to shareholders, investors, and those who are
watching Worksport grow and flourish.” said Worksport CEO Steven
Rossi. “We have invested countless hours in development of our
product offering with an internal mandate towards ethical growth
and strong partnerships. I believe we’re are just beginning our
growth curve and the best is yet to come for Worksport, FNHI, our
investors, and our amazing customers.”
The items on order are currently in production
at Worksport’s manufacturing facilities and are shipping as
production orders are completed.
Worksport has started the development of
additional new and innovative models of tonneau covers geared
towards better complimenting the innovative and well featured
trucks being sold today. Monetization of these models is expected
mid-2019.
FNHI initiated investment discussions with San Francisco
based technology corporation
FNHI’s CEO, Steven Rossi, is also presently in
initial discussions with a San Francisco, CA based technology
corporation. The discussions relate to FNHI’s direct investment in
the companies software infrastructure, which currently is growing
globally. Management will update shareholders when the investment
opportunity has been discussed in more detail.
About Worksport
Ltd
Worksport Ltd., a fully owned subsidiary of
Franchise Holdings International. Inc. (OTCQB:FNHI) 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
(OTCQB:FNHI)
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 (OTCQB:FNHI)
.
T:
1-888-554-8789
E: Investors@franchiseholdingsinternational.com
Website: www.FranchiseHoldingsInternational.com