SOURCE: Franchise Capital Corporation

January 08, 2008 10:21 ET

Franchise Capital Corporation Files Definitive 14C Regarding Name Change to Aero Performance Products, Inc.

Symbol Change Expected as of January 21 Effective Date

SOUTH JORDAN, UT--(Marketwire - January 8, 2008) - Franchise Capital Corporation (PINKSHEETS: FCCN), which recently closed its acquisition of Aero Exhaust, Inc., a world leader in performance exhaust airflow technology and NASCAR Performance Partner, has filed a Schedule 14C Information Statement with the Securities and Exchange Commission reporting majority shareholder approval on a proposal to change the company's name to Aero Performance Products, Inc.

The change to the company's name will most likely result in a change to the company's ticker symbol and CUSIP number. The effective date for the name change and symbol change is January 21, 2008.

The information statement reported that at a special meeting of shareholders held on January 7, 2008 at the company's corporate offices in South Jordan Utah, principal shareholders, who collectively represented 944,180,944 shares, or 53%, of the 1,765,757,804 shares of common stock outstanding on January 7, 2008, were either present at the meeting or voted in absentia. All of the principal shareholders voted in favor of the proposal. Accordingly, no proxies will be solicited.

Franchise Capital'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. The Board believes that the name change will better reflect the nature of the company's current and anticipated operations. The company has operated under the name Franchise Capital Corporation, which reflected the company's prior business of developing and funding restaurant franchise concepts. 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 will not be required to tender their shares for re-issuance; however, shares that are submitted to the transfer agent for whatever reason will be reissued under the new name and CUSIP number.

"We are pleased to have received shareholder approval to change the company's name to better reflect Aero's business," stated Bryan Hunsaker, chief executive officer of Franchise Capital and Aero Exhaust. "We believe that this is a very important step that will allow us to more effectively brand the public company and gain greater attention in the public markets. We also plan to take every opportunity to communicate to the fans of Aero's products in racing and other performance automotive markets that Aero is a public company and that they have the opportunity to consider an investment in Aero at an exciting stage in the company's development."

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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 for fiscal year 2007 filed with the Securities and Exchange Commission.

Contact Information

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