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FCCN Reduced A/S from 5 Billion to 200 Million!
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[QUOTE]Originally posted by Leardron: [QB] Franchise Capital Corp. Reports an Increase in Asset Value SCOTTSDALE, Ariz., Sep 29, 2005 (BUSINESS WIRE) -- Franchise Capital Corp. (OTCBB: FCCN) announced that the company has filed its Form 10-K for the year ending June 30, 2005 with the Securities and Exchange Commission. Highlights of the filing included the company's total assets as of June 30, 2005 which increased to $1,113,177. The assets exceeded total liabilities by $426,023. Also footnoted in the financials was the fact that many of the liabilities listed as of June 30, 2005 have since been relieved and will be reflected in the 10-Q due Nov. 14, 2005. "Quarter by quarter we continue to improve the financial condition of Franchise Capital Corp.," stated Edward C. Heisler, Franchise Capital Corp. president and CEO. "I am very pleased with the continual improvement the company is making. We have made a 20% improvement in our asset value over the previous quarter and more than a 100% improvement over the previous year! Looking forward I am very excited about the future. As I stated in yesterday's press release, we have many things to share with shareholders in the coming days that I feel confident will continue to increase the value of the company." About Franchise Capital Corp. [/QB][/QUOTE]
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