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Franchise Services of North America Inc. Announces the Completion of Acquisitions of Additional On-airport and Off-airport

Franchise Services of North America Inc. Announces the Completion of 
Acquisitions of Additional On-airport and Off-airport Concessions from Hertz 
Global Holdings, Inc. 
TSX-V Trading Symbol: FSN 
CALGARY, Feb. 17, 2013 /CNW/ - FRANCHISE SERVICES OF NORTH AMERICA INC. 
("FSNA" or the "Company") (FSN.V) announces that Adreca Holdings Corp. 
("Adreca"), a subsidiary of Macquarie Capital ("Macquarie Capital"), has 
completed one of the scheduled acquisitions of additional on-airport and 
off-airport concessions from Hertz Global Holdings, Inc. ("Hertz"). The 
additional airport concessions are a result of the acquisition by Adreca of 
the Advantage® Rent-A-Car brand ("Advantage") from Hertz in December 2012 and 
is more fully described in our press release of December 12, 2012. 
As a result of the acquisition, Adreca opened new rental locations at 
Minneapolis-St. Paul International Airport (MSP) as an in-terminal operation, 
and has also moved pre-existing off-airport operations at Palm Beach 
International Airport (PBI), Jacksonville International Airport (JAX), 
Milwaukee General Mitchell International Airport (MKE), and Norfolk 
International Airport (ORF) to In-Terminal Operations. Adreca's acquisition of 
the remaining additional airports and certain other divested assets from Hertz 
is expected to close in stages continuing in the first and second quarters of 
2013. Adreca will be Hertz's sole divestiture partner in conjunction with the 
dispositions required to be made by Hertz by the consent decree issued by the 
United States Federal Trade Commission, previously detailed in the Company's 
November 20, 2012 press release. 
As previously described by the Company's August 28, 2012 press release, FSNA 
and Adreca have entered into an agreement to merge a wholly-owned subsidiary 
of the Company with Adreca ("the Merger"). FSNA and Adreca are parties to a 
Management Services Agreement pursuant to which FSNA provides Adreca with 
certain management services in respect of Advantage and the other assets 
divested by Hertz pending closing of the Merger. 
Commenting on the recent developments, Thomas P. McDonnell, III, the Company's 
Chief Executive Officer and Chairman said, "We continue to progress with the 
addition of these new offices and look forward to expand out footprint of 
In-Terminal locations in new destinations to service our existing and new 
customers." 
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 Car Sales, Rent-A-Wreck of Canada, PractiCar, Auto Rental 
Resource Center ("ARRC"), Xpress Rent A Car and Peakstone Financial Services. 
U-Save, together with its subsidiary ARRC, has over 1,100 locations throughout 
the United States and is one of North America's largest franchise car rental 
companies. Having primarily serviced the local market for the past 30 years, 
the Company is expanding into the airport market with plans for the opening of 
airport locations in the top 30 markets in the United States and the major 
airports in Canada. U-Save currently services 28 airport markets in 11 
different states and 7 countries. U-Save Car Sales is an expansion of the 
U-Save brand into the car sales market, and provides goods and services to car 
sales operators looking to affiliate with a national brand. 
Practicar Systems Inc. (a wholly owned subsidiary of FSNA) owns the rights to 
the Rent-A-Wreck® and the PractiCar® trademarks for all of Canada. The 
Rent-A-Wreck® system operates a network of 69 franchise locations from 
coast-to-coast in Canada, providing a range of vehicle rental, leasing and 
sales options to its customers. The Rent-A-Wreck® system has been in 
continuous operation in Canada since 1976. 
Caution 
Completion of the Merger is subject to a number of conditions, including TSX 
Venture Exchange acceptance and approval by the Company's shareholders. The 
Merger cannot close until all required approvals are obtained. There can be no 
assurance that the transaction will be completed as proposed, or at all. 
Investors are cautioned that, except as disclosed in the circular of FSNA to 
be prepared in connection with the Merger, any information released or 
received with respect to the Merger may not be accurate or complete and should 
not be relied upon. Trading in the securities of FSNA should be considered 
highly speculative. 
The TSX Venture Exchange has in no way passed upon the merits of the 
transaction and has neither approved nor disapproved the contents of this 
press release. 
Forward-Looking Information 
Certain statements made in this news release are forward looking in nature, 
including statements made with respect to the Merger. The words "may," 
"could," "should," "would," "expect," "intend," "estimate," "anticipate," 
"believe," or "outlook" and similar expressions often identify forward-looking 
information. By their nature, forward-looking statements require FSNA to make 
assumptions and are subject to inherent risks and uncertainties. The 
forward-looking statements contained in this news release are based on certain 
key expectations and assumptions made by FSNA, including the satisfaction of 
conditions to the completion of the Merger. Although FSNA believes that the 
expectations and assumptions on which the forward-looking statements are based 
are reasonable, undue reliance should not be placed on the forward-looking 
statements because FSNA can give no assurance that they will prove to be 
correct. There can be no assurance that the Merger will be completed as 
proposed or at all. FSNA's forward-looking statements are qualified in their 
entirety by these cautionary statements. In addition, the forward-looking 
statements are made only as of the date of this news release, and except as 
required by applicable law, FSNA undertakes no obligation to publicly update 
these forward-looking statements to reflect new information, subsequent events 
or otherwise. 
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. 
For further information on FSNA or any of its operating subsidiaries  please 
contact: 
Thomas P. McDonnell, III Franchise Services of North America Inc. (601) 
713-4333 
SOURCE: Franchise Services of North America Inc. 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/February2013/17/c6243.html 
CO: Franchise Services of North America Inc.
ST: Alberta
NI: AUT INS MNA  
-0- Feb/17/2013 18:44 GMT
 
 
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