Franchise Services of North America Inc. Announces Appointment of William
Plamondon as President of Advantage Rent A Car
TSX-V Trading Symbol: FSN
CALGARY, May 3, 2013 /CNW/ - FRANCHISE SERVICES OF NORTH AMERICA INC. ("FSNA"
or the "Company") (FSN.V) is pleased to announce the appointment of William
Plamondon as President of Advantage Rent A Car.
Mr. Plamondon will lead the Company's integration of the business of Simply
Wheelz LLC dba Advantage Rent A Car ("Advantage"), into FSNA's operations.
Advantage became a wholly-owned subsidiary of FSNA through the recently
completed merger between FSNA and Adreca Holdings Corp.
Mr. Plamondon has considerable experience in the rental car industry and began
his career in franchise development at Budget Rent A Car in 1978. As Vice
President, franchised operations, Mr. Plamondon built Budget Rent A Car's
functions in field operations, training and development, and acquisition and
refranchising. From 1989 to 1992, Mr. Plamondon served as the Executive Vice
President of sales and marketing and later Executive Vice President, North
America. In 1992, at the direction of Ford Motor Company and Budget's Board
of Directors, Mr. Plamondon was named President of Budget Rent A Car and was
appointed Chief Executive Officer the following year. In this capacity, Mr.
Plamondon was responsible for acquisitions integration, organizational
development, and cost restructuring at the $2.5 billion company, whose more
than 3200 locations spanned 117 countries. Following his successful years at
Budget, Mr. Plamondon served as President and Chief Executive Officer of ANC
Rental Corporation, the parent company of Alamo Rent A Car and National Car
Rental, a $2.5 billion dollar global company with over 14,000 employees.
Commenting on his appointment as President of Advantage, Mr. Plamondon said,
"I am so pleased to be joining FSNA at this critical juncture. I have been
impressed with the current Advantage team and look forward to putting my
experience to work toward building another great brand in car rental."
The Company would also like to welcome David Mitchell as Chief Financial
Officer of Advantage and Brian Cicco as Vice President of Human Resources at
Commenting on the appointment of the new officers and senior management team
of Advantage, Thomas P. McDonnell, III, the Company's Chief Executive Officer
and Chairman said, "We are pleased to welcome Bill, David and Brian to the
FSNA team. In particular, Bill's years of experience in the car rental space
will be invaluable as we continue the development and execution of our plans
to build the fourth largest car rental company in North America."
FSNA is a publicly traded company listed on the TSX Venture Exchange. The
Company and its subsidiaries own the following brands: Advantage Rent A Car,
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.
Advantage Rent A Car is currently positioned as a brand, and targets
consumers, in the value-oriented segment of the U.S. rental car market. As
of July 2013, Advantage will operate from approximately 75 locations servicing
airports and five additional satellite locations in hotels in Hawaii and Las
Vegas and has a fleet of approximately 23,000 cars, ranging from economy cars
to SUVs. Advantage primarily services the leisure segment of the rental car
market and predominantly operates in key domestic leisure destinations,
including California, Florida, Texas, Colorado, Hawaii and Arizona.
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.
This press release is incorporated by reference into the Circular in respect
of the merger between FSNA and Adreca Holdings Corp. and other transaction
contained therein. Investors are cautioned that, except as disclosed in the
Circular and in this press release, any information released or received with
respect to the Transaction may not be accurate or complete and should not be
relied upon. Trading in the securities of FSNA should be considered highly
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
Certain statements made in this news release are forward looking in nature,
including statements made with respect to Advantage. 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. 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. 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
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
Thomas P. McDonnell, III Franchise Services of North America Inc. (601)
SOURCE: Franchise Services of North America Inc.
To view this news release in HTML formatting, please use the following URL:
CO: Franchise Services of North America Inc.
NI: AUT INS 2575 WNEWS
-0- May/03/2013 21:37 GMT
Press spacebar to pause and continue. Press esc to stop.