Franchise Services of North America Inc. announces the closing of the Merger with Adreca Holdings Corp. and Acquisition of the

Franchise Services of North America Inc. announces the closing of the Merger 
with Adreca Holdings Corp. and Acquisition of the Advantage Rent A Car Brand 
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 closing of the merger 
between FSNA's wholly-owned subsidiary, Advantage Company Holdings, Inc. 
("Merger Sub"), and Adreca Holdings Corp. ("Adreca), as a result of which the 
Advantage Rent A Car brand is now wholly owned by FSNA. 
The acquisition was consummated pursuant to a merger agreement (the "Merger 
Agreement") dated July 13, 2012, among FSNA, Adreca, Boketo LLC ("Boketo") and 
Merger Sub, as amended. Pursuant to the Merger Agreement, Merger Sub merged 
with and into Adreca (the "Merger"), with Adreca continuing as the surviving 
corporation. Following the Merger, FSNA and Adreca merged, with FSNA 
continuing as the surviving corporation. 
Prior to the Merger, FSNA continued/redomesticated to the State of Delaware 
from Canada pursuant to a plan of arrangement approved by the Court of Queen's 
Bench of Alberta on May 2, 2013 (the "Arrangement" and together with the 
Merger, the "Transaction"). The Transaction was approved by resolutions of 
the FSNA shareholders at a special meeting of shareholders held on April 30, 
2013. The Merger and related transactions received final acceptance from the 
TSX Venture Exchange today. 
The Merger Agreement, together with other material agreements concerning the 
Transaction, is available under FSNA's profile on SEDAR at www.sedar.com. 
In connection with the Merger, FSNA issued 62,212,600 preferred shares, 
US$0.001 par value per share ("Preferred Shares") to Boketo, a wholly-owned 
indirect subsidiary of Macquarie Capital and the sole shareholder of Adreca, 
and certain rights to acquire additional Preferred Shares upon the exercise of 
outstanding options convertible into common shares of FSNA. 
Commenting on the Transaction, Thomas P. McDonnell, III, the Company's Chief 
Executive Officer and Chairman said, "On behalf of our over 750 team members 
who have worked incredibly hard to make this Transaction happen, we would like 
to thank FSNA shareholders for their ongoing support. The integration of the 
Advantage Rent A Car brand into FSNA is a transformational event in our 
history. This Transaction marks a significant step forward in our growth 
strategy by considerably strengthening our position in the U.S. car rental 
market. As the 4th largest car rental company in the U.S., we look forward 
to fully capitalizing on this incredible opportunity." 
About FSNA 
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 
("Advantage"), 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 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 is expected to 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. 
Caution 
Investors are cautioned that, except as disclosed in the Management 
Information Circular in respect of the Transaction, 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 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 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 
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. 
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/May2013/03/c3561.html 
CO: Franchise Services of North America Inc.
ST: Alberta
NI: AUT INS MNA  
-0- May/03/2013 20:45 GMT
 
 
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