SOURCE: Franchise Capital Corporation

July 19, 2007 10:08 ET

Franchise Capital Corporation Updates Status of Acquisition Close With Statement From Aero Exhaust CEO

MURRIETA, CA--(Marketwire - July 19, 2007) - Franchise Capital Corporation (PINKSHEETS: FCCN) today updated shareholders on the work underway to determine the best possible closing date for the acquisition of Aero Exhaust, Inc. The update was provided by Bryan Hunsaker, chief executive officer of Aero Exhaust.

Aero Exhaust mufflers are an exclusive NASCAR Performance product and carry the prestigious NASCAR brand on product, packaging and related media.

"We are working closely with the management team at Franchise Capital and the staff of Javelin Advisory Group to determine the best time to close this acquisition," commented Mr. Hunsaker. "Included in the information we are reviewing relevant to the timing of the close is all of the financial information; the condition of the public markets, the broader financial markets and the automotive segments; and the financial impact of new product introductions through our distribution channels.

"It is important to note that while we do expect long-term impact on Aero's financials from the new products and product lines, we do not expect them to significantly change the valuation of Aero as it relates to the terms of the acquisition -- even with a rescheduled close. Our primary focus is to create a closing date that will allow for the best possible quarter-to-quarter performance in the periods reported by Aero once it has become the operating entity within the public company," said Mr. Hunsaker.

"While we continue to work toward determining the closing timeframe, we also plan to provide more frequent updates on the business of Aero, including the upcoming show on 'Two Guys Garage' on the SPEED Channel, where Aero spokesperson, NASCAR legend Rusty Wallace, will introduce the new exhaust system products," Mr. Hunsaker 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, 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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