Franchise Services of North America Inc. announces director resignation
RIDGELAND, MS, Oct. 7, 2013
TSX-V Trading Symbol: FSN
RIDGELAND, MS, Oct. 7, 2013 /PRNewswire/ - FRANCHISE SERVICES OF NORTH AMERICA
INC. ("FSNA" or the "Company") (FSN.V) announces that David Forseth has
resigned as a director of the Company due to personal and business reasons.
FSNA would like to thank Mr. Forseth for his contribution to the Company and
wishes him the best in his future endeavours.
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"), U-Save Car Sales,
Rent-A-Wreck of Canada, PractiCar, Auto Rental Resource Center ("ARRC"),
Xpress Rent A Car and Peakstone Financial Services.
The Company operates the Advantage car rental brand at 72 corporate locations
in 33 states. Advantage has airport locations servicing 60 of the top 70
airports across the United States and those airports account for more than
US$10 billion in annual car rental revenue. Advantage is the fourth largest
independent rental car company in the United States.
U-Save, together with its subsidiary ARRC, has over 900 locations throughout
the United States and is one of North America's largest franchise car rental
companies. U-Save currently services 19 airport markets in 13 different
states. Although primarily based in the United States, U-Save has 18
international locations in Mexico, Greece, the Middle East, Latin America, and
Practicar Systems Inc. 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
61 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.
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.
For further information on FSNA or any of its operating subsidiaries please
Thomas P. McDonnell, III
Franchise Services of North America Inc.
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