Simply Wheelz LLC selects Catalyst as the prevailing bidder

TSX-V Trading Symbol: FSN 
RIDGELAND, MS, Dec. 10, 2013 /CNW/ - 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. 
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 
To view this news release in HTML formatting, please use the following URL: 
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CO: Franchise Services of North America Inc.
ST: Mississippi
NI: AUT INS BCY  
-0- Dec/11/2013 06:00 GMT