SOURCE: Franchise Management International, Inc

June 21, 2006 10:42 ET

Franchise Management International Enters Online Travel Market

BRICK, NJ -- (MARKET WIRE) -- June 21, 2006 -- Franchise Management International, Inc (PINKSHEETS: FMII), a premier provider of public charter and transportation services, today announced that the company is entering the online travel market.

Franchise Management was initially created to take advantage of business opportunities that were often too large for smaller companies to fund successfully. The company attempts to obtain the rights to these businesses, and franchise those concepts or ideas with little up-front capital cost. The company has many professional contacts in the brokerage business that are often presented with developing or 'start-up' companies, and the company is pleased to announce successful completion of what management believes may be the 'next big thing' in online travel.

The airline business is a one trillion dollar worldwide industry and growing. Franchise Management has broad experience in the travel business -- one that has gone primarily from 'brick and mortar' to predominantly internet-based. Recently, the industry has been marred with tremendous difficulties; the tragedy on September 11, union and worker strikes, and recent soaring fuel costs have certainly not been rallying points for travel businesses. However, one thing is certain, people are still flying.

Today's travel agent likely works at home, and has a very different business philosophy from ten years ago. Franchise Management sees continued growth in this market, and therein believes a significant opportunity exists for the company and its shareholders. Franchise Management principals and consultants successfully created one of the first online travel sites at www.lowairfare.com, well before the major 'household-name' companies entered this market.

Building on this concept, the company has completed negotiations for one of the first online reservation systems for public charters, a segment of the air travel industry poorly serviced by traditional online agents. Public charters offer the traveler departure from a new array of smaller airports, while reducing the hassle of luggage and security checks at a competitive price. This proprietary system and website will have the ability to post a public charter flight to appear on nearly all of the major, discount airfare sites, which do not currently display these flights. An added benefit will be that travelers will be able to enjoy the luxuries of business jets, first class, and individual seating at a fraction of the cost of owning the aircraft or by using fractional ownership programs such as NetJets, which was acquired by Berkshire Hathaway in 1998. The reservation system will bring significant exposure to both the charter concept as a whole and specifically the company's web offering. The system is currently completing beta-testing, and should be released to the general public within 45 days.

Franchise Management has previously been awarded contracts with NASCAR's logistics company with this model, and the company plans to engage their travel agent contacts to develop specialty routes like New York City to Las Vegas, Chicago to Cancun, and connections to popular cruise lines.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.

Contact Information

  • Contact:
    Franchise Management International, Inc
    Sid Reich
    732-920-8355