SOURCE: Franchise Capital Corporation

March 13, 2007 09:00 ET

Franchise Capital Corporation Issues March 2007 Newsletter

Annual Shareholders Meeting to be Held Today at Corporate Offices

TEMECULA, CA -- (MARKET WIRE) -- March 13, 2007 -- Franchise Capital Corporation (PINKSHEETS: FCCN) today released its March 2007 investor newsletter, which includes the full transcript of chief executive officer Steven R. Peacock's recent interview with Equity Digest (www.equitydigest.com). A PDF version of the newsletter is posted under the "Recent News" section on the company's website at www.franchisecapitalcorp.net and a notice has been distributed through its website-based mailing list.

Articles in the March 2007 newsletter issue review the events of the last month and highlight the company's planned acquisition of Aero Exhaust, Inc., a leader in performance exhaust airflow technology and NASCAR Performance Partner. In January 2007, Franchise Capital executed a definitive agreement to acquire the issued and outstanding shares of Aero Exhaust, and the acquisition is expected to close in the second quarter of 2007.

Mr. Peacock's interview covered a broad range of topics, including how the company was introduced to Aero Exhaust, the expected benefits of the acquisition of Aero Exhaust, the purpose of the escrow agreement with Golden Gate Investors, the progress of Franchise Capital's ongoing compliance work, and the company's expectations for Aero's post-transaction positioning in the public markets.

In addition to the interview transcript, the newsletter includes articles on Aero's associate sponsorship of Morgan-McClure Motorsports No. 4 car for the 2007 NASCAR racing season, the filing of the 14A definitive proxy material for the annual meeting of shareholders, and the airing of the in-program full Product Expo on the "Two Guys Garage" show on SPEED channel.

"We are pleased to present the latest edition of our monthly newsletter and hope that our shareholders find it to be informative," said Mr. Peacock.

Also today, the company is holding its annual meeting of shareholders beginning 10:00 a.m. Pacific time at the corporate offices in Temecula, California. At the meeting, shareholders will consider and vote upon a proposal for the company to withdraw its election to be regulated as a business development company. Details of the proposal and the rationale for the Board's recommendation to approve the proposal can be found in a 14A filing dated February 15, 2007.

To sign up to receive information by email directly from Franchise Capital Corporation whenever new press releases, investor newsletters, SEC filings, and other written material is issued, please visit http://www.franchisecapitalcorp.net.

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.

Contact Information

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