SOURCE: Franchise Management International, Inc.

June 01, 2006 12:59 ET

FMII Receives and Successfully Completes Texas, Nashville and Talladega and Secures the Entire 2006 Season With NASCAR Teams

BRICK, NJ -- (MARKET WIRE) -- June 1, 2006 -- FMII, (PINKSHEETS: FMII) a premier provider of public charter and transportation services, today announced completion and reconciliation of the Texas, Nashville, Talladega contract with World Travel's subsidiary World Travel Charter Services, LLC (dba Racing Logistics).

FMII also is pleased to announce that because of the success with contracts to date FMII was able to contract Racing Logistics for entire 2006 season. FMII acted as agent for the contract. The contract was executed by Aviation Technologies and Racing Logistics. To keep an arms length of the transaction James Gallagher will be acting as a consultant for FMII. He will give up his seat on the Board. James Gallaher is President of Aviation Technologies.

This contract underscores the ability of Franchise Management to secure contracts because of their ability to supply the right aircraft and their ability to provide first class service for their end customers. In this case the end customer is a large number of members of the various NASCAR teams.

"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995

Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," forecasts," potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.

Contact Information

  • Contact:
    Franchise Management International, Inc
    Charles Roeske