SOURCE: Franchise Capital Corporation

January 24, 2008 08:56 ET

Franchise Capital Corporation Announces Name Change to Aero Performance Products, Inc. and New Stock Trading Symbol -- AERP

SOUTH JORDAN, UT--(Marketwire - January 24, 2008) - Aero Performance Products, Inc. (PINKSHEETS: AERP), which operates Aero Exhaust, Inc., a world leader in performance exhaust airflow technology and NASCAR Performance Partner, announced that its new corporate name and stock symbol becomes effective as of the open of trading today. The company was formerly known as Franchise Capital Corporation (PINKSHEETS: FCCN).

On January 23, 2008, the company filed a Current Report on Form 8-K with the Securities and Exchange Commission with details of the name change and resulting change to the company's stock symbol.

The company's Board of Directors unanimously adopted a resolution seeking shareholder approval to amend the articles of incorporation to change the company's name to Aero Performance Products, Inc. On January 7, 2008, a Schedule 14C Information Statement was filed with the Securities and Exchange Commission reporting majority shareholder approval on the proposed amendment. The Board believes that the name change better reflects the nature of the company's current and anticipated operations. With the acquisition of TTR-HP, Inc., which does business under the name Aero Exhaust, Inc., in October 2007, Aero became the successor issuer to Franchise Capital Corporation and the operations of Aero became that of the company.

Shareholders are not required to tender their shares for re-issuance as a result of these changes; however, shares that are submitted to the transfer agent for whatever reason will be reissued under the new name and CUSIP number.

"Implementing the new name and stock symbol are important steps for Aero and its development as a company, particularly since it will reinforce to performance automotive enthusiasts and other fans of our muffler and exhaust system product lines that Aero is a publicly traded company," commented Bryan Hunsaker, chief executive officer of Aero Performance Products, Inc. "We intend to utilize a comprehensive cross-promotional strategy, which will leverage awareness between the performance automotive supply industry and the public markets, so that we can bring the greatest amount of attention possible to both our products and the investment opportunities presented by our public company status. The new name and stock symbol will allow us to execute this strategy much more effectively."

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About Aero Performance Products, Inc.

Aero Performance Products, Inc. operates Aero Exhaust, Inc., a world leader in performance exhaust airflow technology, manufacturing and distributing the most technologically advanced muffler on the market. Aero's 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 for fiscal year 2007 filed with the Securities and Exchange Commission.

Contact Information

  • CONTACT:
    Gemini Financial Communications, Inc.
    A. Beyer
    951-677-8073
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