TSX-V Trading Symbol: FSN
RIDGELAND, MS, Jan. 30, 2017 /CNW/ - FRANCHISE SERVICES OF
NORTH AMERICA INC.
("FSNA" or the "Company") (FSN.V) announced today its
financial results for the fiscal year ended September 30, 2016. Revenue and loss from
continuing operations for the year ended September 30, 2016 were $9,627,460 and $188,039, respectively, as compared to revenue of
$9,648,371 and profit of $196,172 from continuing operations for the year
ended September 30, 2015. Loss
after discontinued operations for the year ended September 30, 2016 was $9,152,441 as compared to a loss of $412,617 after discontinued operations for the
year ended September 30, 2015.
Discontinued operations consisted of Simply Wheelz LLC f/d/b/a
Advantage Rent A Car for the year ended September 30, 2016 and the operations of
Practicar Systems Inc for the year ended September 30, 2015.
The Company's audited annual financial statements for the fiscal
year ended September 30, 2016 and
2015 and related management's discussion and analysis can be viewed
on the System for Electronic Document Analysis and Retrieval
(SEDAR) at www.sedar.com.
About FSNA
FSNA is a publicly traded company listed on the TSX Venture
Exchange. The Company and its subsidiaries own the following
brands: U-Save Car & Truck Rental® ("U-Save"), U-Save
Car Sales, Auto Rental Resource Center ("ARRC"), Xpress Rent
A Car, Sonoran National Insurance Group and Peakstone Financial
Services.
U-Save, together with its subsidiary ARRC, has over 650
locations throughout the United
States and is one of North
America's largest franchise car rental companies. U-Save
currently services 21 airport markets in 9 different states and 12
countries. Although primarily based in the United States, U-Save has 16 international
locations in Mexico, Greece, Central
America and the Caribbean.
With more than 150 years of combined insurance experience,
Sonoran National Insurance Group is licensed in all 50 states and
serves customers in every part of the country. Sonoran provides an
entire range of business and personal insurance solutions
customized to the needs of its clients.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Franchise Services of North America Inc.