SOURCE: Franchise Capital Corporation

January 12, 2007 09:10 ET

Franchise Capital Corporation Announces Exclusive Agreement for Aero Exhaust Vehicle Mufflers at Yakima Speedway

TEMECULA, CA -- (MARKET WIRE) -- January 12, 2007 -- Franchise Capital Corporation (PINKSHEETS: FCCN) today announced that Aero Exhaust, Inc., with which it has a preliminary acquisition agreement, has reached an agreement with Yakima Speedway, under which Aero Exhaust will be the exclusive supplier of vehicle mufflers for the speedway.

All vehicles that race at the speedway in 2007 will be required to have an Aero Exhaust muffler installed on their vehicle. Yakima Speedway, an historic one half mile oval track located in Yakima, Washington (www.yakimaspeedway.us), will be supplying Aero Exhaust mufflers to the racecars that do not already have one installed.

Aero Exhaust has been the title sponsor for the past two years at the Aero Exhaust 200 NASCAR Elite Division race held at Yakima Speedway. Last year's Aero Exhaust 200 was held on September 3, 2006.

"Aero Exhaust and Yakima speedway have a great history together," commented Bryan Hunsaker, CEO of Aero Exhaust, Inc. "Management of the speedway became familiar with the Aero Exhaust product through many of the NASCAR Elite Division teams that run the Aero Exhaust product on their racecars and personal vehicles.

"Many speedways are under pressure from local residence to reduce the noise from the speedways, and the Aero Exhaust provides a way for them to do that without hindering the vehicles performance," Mr. Hunsaker added.

According to a recent Yakima Speedway press release, any competitor that installs a properly mounted, untouched, 4-inch, Aero Exhaust muffler will not have to worry about meeting the very restrictive, strong-enforced sound limits at the track. It also states that the Aero Exhaust muffler has been proven to quiet the cars down under the DB level in force at the facility and that the Aero Exhaust muffler is a high quality, performance enhancing, unit that Yakima Speedway would like for all competitors to use.

In December 2006, Franchise Capital entered into a preliminary agreement to acquire the issued and outstanding shares of Aero Exhaust, whose 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. The company is currently conducting its due diligence and expects to announce a definitive agreement with Aero Exhaust by mid-January 2007.

"The definitive agreement is still on track, and we expect to have an announcement regarding its status very shortly," stated Steven R. Peacock, chief executive officer of Franchise Capital Corporation. "We are extremely pleased to be advancing our relationship with Aero Exhaust and look forward to further updates both on the operations of this company and details of the acquisition."

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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 web site, 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 2005 filed with the Securities and Exchange Commission.

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