Post A Reply
my profile
login
|
register
|
search
|
faq
|
forum home
»
Allstocks.com's Bulletin Board
»
Micro Penny Stocks, Penny Stocks $0.10 & Under
»
FCCN Reduced A/S from 5 Billion to 200 Million!
» Post A Reply
Post A Reply
Login Name:
Password:
Message Icon:
Message:
HTML is not enabled.
UBB Code™ is enabled.
[QUOTE]Originally posted by Leardron: [QB] Franchise Capital Corporation Sells its Interest in Fathom Business Systems SCOTTSDALE, Ariz., Sep 30, 2005 (BUSINESS WIRE) -- Franchise Capital Corporation (OTCBB:FCCN) announced today that its Board of Directors, with the recommendation of the Investment Committee, voted to sell its interest in Fathom Business Systems, Inc. Fathom Business Systems is a licensed dealer of Point of Sale (POS) systems which was originally purchased in late 2003. In a Board of Directors meeting held on Tuesday September 27, 2005, the Audit Committee recognized Fathom's continual losses and the negative effect to Franchise Capital Corporation's financials. The Board voted unanimously for the sale. Franchise Capital Corporation President & CEO Edward C. Heisler stated, "This is a very wise decision the Company has made. Fathom has not been profitable and continues to be an expense to the Company. Removing Fathom from our portfolio companies will help us to improve the Company's bottom line." [/QB][/QUOTE]
Instant Graemlins
Instant UBB Code™
What is UBB Code™?
Options
Disable Graemlins in this post.
*** Click here to review this topic. ***
Contact Us
|
Allstocks.com Message Board Home
© 1997 - 2021 Allstocks.com. All rights reserved.
Powered by
Infopop Corporation
UBB.classic™ 6.7.2