Simply Wheelz LLC selects Catalyst as the prevailing bidder

         Simply Wheelz LLC selects Catalyst as the prevailing bidder

PR Newswire

RIDGELAND, MS, Dec. 10, 2013

TSX-V Trading Symbol: FSN

RIDGELAND, MS, Dec. 10, 2013 /PRNewswire/ - FRANCHISE SERVICES OF NORTH
AMERICA INC. ("FSNA" or the "Company") (FSN.V) announces that its wholly-owned
subsidiary, Simply Wheelz LLC ("Simply Wheelz"), which does business as
Advantage Rent A Car ("Advantage"), has selected The Catalyst Group, Inc. (on
behalf of one or more funds managed by it) ("Catalyst") as the prevailing
bidder in the auction of certain of the Advantage assets conducted in
accordance with bidding procedures (the "Bid Procedures") approved by the
United States Bankruptcy Court for the Southern District of Mississippi as
part of the Simply Wheelz insolvency proceedings. Sixt SE ("Sixt") was
designated as the back-up bidder under the Bid Procedures in the event that
Simply Wheelz is not able to complete the sale transaction with Catalyst
within the specified period of time.

Catalyst agreed, in connection with its bid, that it would continue to lend to
Simply Wheelz  on the  existing terms  of its  credit facility,  subject to  a 
revised  budget,   which   budget  significantly   increases   the   borrowing 
availability of Simply  Wheels under  the terms  of its  credit facility.  In 
addition, there is the possible addition  of fleet financing at the option  of 
the Lender.

A final hearing on the  Sale Motion filed by  Simply Wheelz in the  bankruptcy 
case is  scheduled for  December 17,  2013, at  which time  Simply Wheelz  has 
requested the  Bankruptcy Court  to declare  that Catalyst  is the  Prevailing 
Purchaser of the assets to be sold.

Simply Wheelz hopes to complete its sale  to Catalyst in the first quarter  of 
2014. However, the  Company cautions  that there  are a  number of  procedural 
matters and arrangements  with third parties  that will need  to be  completed 
before such sale is likely to be consummated.

Simply Wheelz' filed  for U.S.  federal bankruptcy protection  on November  6, 
2013.

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, 
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 including airport locations  servicing 60 of the top 70  airports 
across the United States. 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
the Caribbean.

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.

Forward-Looking Information

Certain statements made in  this news release  are forward-looking in  nature, 
including statements concerning the ability  of Simply Wheelz to complete  its 
sale transaction  with Catalyst  and the  time  at which  such sale  might  be 
completed. 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 with respect  to its  ability to  complete a  sale transaction  with 
Catalyst and the  time at which  such sale might  be completed. 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. These forward-looking statements also involve  known 
and unknown risks, uncertainties and other  factors that may cause the  actual 
results, performance or  achievements of  FSNA to differ  materially from  the 
anticipated results, performance or achievements or developments expressed  or 
implied  by  such  forward-looking  statements.  Such  factors  include  risks 
discussed  in  the  section  entitled  "Risk  Factors"  in  FSNA's  management 
information circular  dated  March 28,  2013  filed with  Canadian  securities 
regulators. If  any  such risks  actually  occur, they  could  materially  and 
adversely  affect  FSNA's   business,  financial  condition   or  results   of 
operations. 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 securities 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.

SOURCE Franchise Services of North America Inc.

Contact:

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
 
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