SOURCE: Franchise Capital Corporation

April 17, 2007 11:04 ET

Franchise Capital Corporation Files Two Quarterly Reports With Financial Results

TEMECULA, CA -- (MARKET WIRE) -- April 17, 2007 -- Franchise Capital Corporation (PINKSHEETS: FCCN) today announced that as a part of its initiative to bring the company current on its delinquent filings, the company has filed two quarterly reports for past periods. The quarterly reports with financial results are for the quarters ended December 31, 2005 and March 31, 2006.

"While the reports filed are primarily historical in nature, reflecting a period when Franchise Capital was still operating as an investment fund with portfolio investments in the restaurant franchise business, having these first two quarterly reports filed is clearly a significant milestone for the company," stated Steven R. Peacock, chief executive officer of Franchise Capital Corporation. "Our compliance staff has now turned its attention to completing the 2006 annual report and additional quarterly filings, which we expect to filed in the next several weeks."

Under former management, Franchise Capital became delinquent in its reporting, and it has been a major focus of current management to bring the company's filings current.

"Once all of these reports are filed and the company's financial reporting is up-to-date, Franchise Capital will be another step closer to the close of its expected acquisition of Aero Exhaust, a leader in performance exhaust technology and NASCAR Performance Partner," Mr. Peacock added.

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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,

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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