SOURCE: Franchise Capital Corporation

September 11, 2007 09:10 ET

Franchise Capital Corporation Announces Meeting to Finalize Details and Closing Date for Acquisition of Aero Exhaust

MURRIETA, CA--(Marketwire - September 11, 2007) - Franchise Capital Corporation (PINKSHEETS: FCCN) today announced that at a meeting with senior management of Aero Exhaust, the two companies reviewed the details necessary to close Franchise Capital's acquisition of Aero Exhaust, Inc. and reached agreement on the terms of the transaction.

Franchise Capital has been positioned to serve as the public vehicle for Aero Exhaust (www.aeroexhaust.com), a leader in performance exhaust airflow technology and NASCAR Performance Partner. The company achieved fully reporting status in May 2007.

Steven R. Peacock, chief executive officer of Franchise Capital Corporation, traveled to Aero's corporate offices in South Jordan, Utah during the week of September 3rd and met with Aero Exhaust CEO Bryan Hunsaker. Mr. Peacock subsequently met with the Board of Directors and a major shareholder of Aero Exhaust.

"This was our first opportunity to formally meet with virtually all of Aero's upper management, including the entire Aero Board, and I was impressed with the leadership and vision that they provide to the company," said Mr. Peacock. "After hearing from the key members of Aero management, we are even more convinced of the quality of Aero's technology and future of its product lines. We are pleased with the results of our meetings and are happy to advise our shareholders that Franchise Capital and Aero Exhaust are in agreement on all of the major details required to close the acquisition on a timely basis.

"As a result of our meetings and the agreement on the details of the transaction, we expect to close the acquisition in less than three weeks -- during the week of September 30th. Our focus from the beginning of our involvement with Franchise Capital was to deliver long-term value for our shareholders, and after confirming the final details of the acquisition, we believe that this transaction will do just that," added Mr. Peacock.

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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/A for fiscal year 2006 filed with the Securities and Exchange Commission.

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