SOURCE: Franchise Capital Corporation

June 11, 2007 08:54 ET

Franchise Capital Corporation Releases June 2007 Edition of Investor Newsletter With Review of Completion of All Financial Reports

TEMECULA, CA--(Marketwire - June 11, 2007) - Franchise Capital Corporation (PINKSHEETS: FCCN) today announced the release of its June 2007 investor newsletter, which reviews the recent completion of all of the company's past financial reports, bringing Franchise Capital to the status of a fully reporting company in preparation for its acquisition of Aero Exhaust, Inc., a leader in performance exhaust airflow technology and NASCAR Performance Partner.

A PDF version of the newsletter is posted in the media archive of the company's website,, under the "Newsletters" tab, and a notice has been distributed through Franchise Capital's website-based mailing list.

The lead story in the June 2007 newsletter covers the company's recent filing of its annual report for fiscal year 2006 and three subsequent quarterly reports. In mid-March, Franchise Capital filed two previous delinquent filings, the quarterly reports for the periods ended December 31, 2005 and March 31, 2006. With all of these filings complete, Franchise Capital is now current on its financial filings. The next periodic filing due from Franchise Capital Corporation will be the annual report for the fiscal year 2007, which is due by September 30, 2007.

The message from Franchise Capital chief executive officer Steven R. Peacock in the newsletter summarizes the history of the company since it was acquired as a shell company and targeted a strategic acquisition designed to deliver value to Franchise Capital shareholders.

Two additional articles in the newsletter review two press releases issued by Franchise Capital during the month of May regarding the business of Aero Exhaust, including its title sponsorship of the ASA Aero Exhaust Northwest Tour and its plans to launch new product lines during the month of June.

"Achieving fully reporting status is a major milestone for Franchise Capital as it prepares for the acquisition of Aero Exhaust," commented Mr. Peacock. "We hope shareholders are as pleased as we are to see these filings completed and will continue to follow the company's progress related to its planned acquisition of Aero Exhaust.

"My extended message to shareholders in the newsletter provides a summary of our work since I was installed as CEO of Franchise Capital and reviews how the compliance team at Javelin Advisory Group completed the required filings to bring the company up to date on its financial reporting. The financial reports, additional 8-K and 14A filings, and the successful withdrawal of the company's BDC election that we completed over the last several months were all necessary steps to make Franchise Capital the appropriate public vehicle for its acquisition of Aero Exhaust, and we are pleased to have them all completed at this time," Mr. Peacock added.

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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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