SOURCE: Franchise Capital Corporation

October 03, 2007 09:05 ET

Franchise Capital Corporation Announces Appointment of New Directors

MURRIETA, CA--(Marketwire - October 3, 2007) - Franchise Capital Corporation (PINKSHEETS: FCCN) today announced the planned appointment of two new directors, Bryan Hunsaker and Robert McMichael, to fill the vacancies created by the pending resignations of Jim Bickel and Gary Nerison.

Mr. Hunsaker and Mr. McMichael will comprise two-thirds of the Board of Directors that will provide leadership and oversight for the company after the close of the acquisition of Aero Exhaust, Inc. Once the appointments take effect, the Franchise Capital Board of Directors will consist of Mr. Hunsaker, Mr. McMichael and Robert McCoy, who currently serves as chairman.

"We look forward to the appointment of new directors to serve Aero Exhaust as it moves forward as the operating entity within the public company. We are confident that the new Board members will serve the company as effectively as Mr. Bickel and Mr. Nerison have," Mr. Peacock added.

Bryan Hunsaker has served as chairman and chief executive officer of Aero Exhaust, Inc. since 2002. In that capacity, he negotiated and executed a multi year contract with NASCAR legend Rusty Wallace for the endorsement of the Aero product. Mr. Hunsaker negotiated and executed a multi-year contract for Aero Exhaust to serve as primary sponsor of the Morgan-McClure Motorsports #4 NEXTEL Cup team as well as negotiating and executing an extensive multi-year contract with NASCAR as an exclusive NASCAR Performance partner. During Mr. Hunsaker's tenure with Aero Exhaust, he oversaw the reengineering of existing product lines and the development of multiple synergistic product lines. He developed international manufacturing relationships and innovative manufacturing techniques for Aero Exhaust products. Under his leadership, product manufacturing costs were reduced by 300%. Mr. Hunsaker developed and implemented national media and advertising campaigns, which included television, print and other media. Under Mr. Hunsaker's direction, Aero Exhaust established a strong identity, purpose, and direction, as well as a national market presence.

Robert McMichael has over 15 years of communications, information technology and Internet industry experience. He as been a communications and technology consultant to Fortune 50 companies, keynote speaker, guest lecturer at top MBA schools and was a pioneer introducing key products into the Application Service Provider (ASP), Voice Portal, and mobile communications industries. Mr. McMichael has developed strategic relationships with industry-leading companies, including Hewlett-Packard, Intel, IBM, EDS, Verizon, Sprint and Oracle to introduce next-generation services to wireless carriers. Mr. McMichael continues to be retained by and consults with Fortune 1000 and micro-cap companies to develop acquisition, business development and executive strategies. Currently, Mr. McMichael is leading one of the most innovative communication companies in the country and serves on Aero's Board of Directors.

The Board appointments will be included in an upcoming Current Report on Form 8-K filed with the Securities and Exchange Commission.

Mr. Bickel and Mr. Nerison, who served on the Board to assist with the acquisition of Aero Exhaust, resigned as part of the management transition in advance of the acquisition close.

"The appointment of Mr. Hunsaker and Mr. McMichael is another important step in the management transition for Franchise Capital in advance of the close of its acquisition of Aero Exhaust," stated chief executive officer Steven R. Peacock. "Mr. Hunsaker has functioned as chairman and CEO of Aero Exhaust over the past 5 years, and we have a great deal of confidence in his leadership abilities. Mr. McMichael is extremely familiar with Aero having served as a Board member and will provide excellent guidance for the public company.

"We look forward to completing the remaining steps necessary to effect the close of this transaction, and we will continue to communicate with shareholders throughout the process," Mr. Peacock added.

Aero Exhaust (www.aeroexhaust.com) is a leader in performance exhaust airflow technology and NASCAR Performance Partner. Franchise Capital, a fully reporting "shell" company, has been positioned to serve as the public vehicle for Aero Exhaust and has provided $1.9 million in financing in the form of a commercial loan to Aero as part of the transaction. The value of the loan and any accrued interest are convertible into Aero Exhaust common stock at the time the share exchange closes.

To sign up to receive information by email directly from Franchise Capital Corporation, including notices when the company issues future investor newsletters, please visit http://www.franchisecapitalcorp.net.

About Aero Exhaust:

Aero Exhaust is a world leader in performance exhaust airflow technology, manufacturing and distributing the most technologically advanced muffler on the market. Its product lines are built to the highest industry standards and offer the consumer a lifetime warranty. Aero Exhaust has been issued U.S. and Australian patents on its innovations and development in the exhaust industry, and its mufflers are available worldwide through major retailers, mass merchant centers, automotive aftermarket supply stores and wholesalers. Aero Exhaust mufflers are an exclusive National Association for Stock Car Auto Racing (NASCAR) Performance product and carry the prestigious NASCAR brand on product, packaging and related media. NASCAR legend Rusty Wallace is the official spokesperson for Aero Exhaust products. Additional information on Aero Exhaust's products, race team, and motorsports ventures can be found on its corporate website, www.aeroexhaust.com.

Safe Harbor Statement: The statements in this release that relate to future plans, expectations, events, performance and the like are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Actual results or events could differ materially from those described in the forward-looking statements due to a variety of factors, including the lack of funding, inability to complete required SEC filings, and others set forth in the Company's report on Form 10-K/A for fiscal year 2006 filed with the Securities and Exchange Commission.

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