SOURCE: Franchise Capital Corporation

November 09, 2006 09:15 ET

Franchise Capital Corporation CEO Outlines Company Goals and Ongoing Compliance Efforts

Management to Focus on Long-Term Growth and Shareholder Value

SCOTTSDALE, AZ -- (MARKET WIRE) -- November 9, 2006 -- Franchise Capital Corporation (PINKSHEETS: FCCN) chief executive officer Steven R. Peacock today outlined the company's future direction and its goals to build value for shareholders, including the work that is now being done to bring the company in compliance with listing requirements for the Over-the-Counter Bulletin Board and other U.S. national markets.

"We have been working very closely with our compliance team to ensure that Franchise Capital Corporation is brought into full compliance with OTCBB requirements, as well as those of the Nasdaq Small Cap and American Stock Exchange and other major exchanges," stated Mr. Peacock. "It is our intention to complete all of the Franchise Capital's outstanding financial statements in the near future and begin identifying investment opportunities that will build value for the company and its shareholders.

"As we move forward in executing this strategy, we will keep Franchise Capital's shareholders informed through regular press releases and other material issued by the company. This will include a new corporate website, which will serve as a critical communications tool as Franchise Capital re-establishes consistent dialogue with our stockholders and the public markets," added Mr. Peacock.

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.

Contact Information

  • CONTACT:
    Gemini Financial Communications, Inc.
    A. Beyer
    951-587-8072