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...Moving
» Post A Reply
Post A Reply
Login Name:
Password:
Message Icon:
Message:
HTML is not enabled.
UBB Code™ is enabled.
[QUOTE]Originally posted by 10of13: [QB] October 12, 2007 - 8:05 AM EST Franchise Capital Corporation Issues Comment on Status of 8-K With Details of Aero Exhaust Acquisition Franchise Capital Corporation (PINKSHEETS: FCCN) today issued a statement on the status of the Current Report on Form 8-K that includes details of its acquisition of Aero Exhaust, Inc., a world leader in performance exhaust airflow technology and NASCAR Performance Partner. "The Form 8-K is a comprehensive filing that includes financial information audited by our independent auditing firm and a review by legal counsel that has been retained specifically for the 8-K," stated Bryan Hunsaker, chief executive officer of Franchise Capital and Aero Exhaust. "We realize that there has been a great deal of interest generated by the acquisition of Aero Exhaust by Franchise Capital, and all parties involved in finalizing the 8-K are working hard to complete and file it as soon as possible, so the details of this transaction can be disclosed to our shareholders and the public markets." The definitive agreement regarding the acquisition of Aero Exhaust by Franchise Capital was executed in January 2007, and at that time, Franchise Capital announced that it expected to exchange up to 95% of its total issued and outstanding capital stock in exchange for all of Aero Exhaust's issued and outstanding shares. Franchise Capital provided $1.9 million in financing in the form of a commercial loan to Aero as part of the transaction. The value of the loan and any accrued interest were converted into Aero Exhaust common stock as part of the share exchange, which increased the percentage of the public company's issued and outstanding common stock retained by Franchise Capital shareholders. The final number of shares exchanged, including the additional percentage retained by Franchise Capital shareholders, will be included in the 8-K filing. The 8-K will also include the audited financials of Aero Exhaust and additional detailed information on the company. To sign up to receive information by email directly from Franchise Capital Corporation, including notices when the company issues future investor newsletters, please visit http://www.franchisecapitalcorp.net. [/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