Franchise Capital Corporation Announces Continued Management Transition Following Close of Acquisition of Aero Exhaust 62 minutes ago - Market Wire
Franchise Capital Corporation (PINKSHEETS: FCCN), which has closed its acquisition of Aero Exhaust, Inc., a world leader in performance exhaust airflow technology and NASCAR Performance Partner, today announced the resignation of Steve Peacock as chief executive officer of Franchise Capital and the appointment of Bryan Hunsaker to the position of chief executive officer. Subsequent to Mr. Hunsaker's appointment, the Board accepted the resignation of Robert McCoy as a director.
Mr. Peacock was appointed to the position of chief executive officer of Franchise Capital on September 12, 2007, and his primary responsibility was to lead Franchise Capital's efforts to complete clean up efforts for the company, including bringing Franchise Capital current with its financial filings. He was also responsible for identifying an operating company for acquisition that would deliver long-term value for shareholders and completing the acquisition process.
The acquisition of Aero Exhaust by Franchise Capital was completed on October 4, 2007 with a share exchange between the two companies.
Upon accepting the position of CEO, Mr. Hunsaker stated, "Mr. Peacock's commitment to this acquisition and his desire to deliver value for the public company shareholders has been unwavering, and we would like to thank him for his tireless efforts to bring this transaction to completion. Mr. Peacock and Javelin Advisory Group will continue to be involved with the compliance, financial reporting and additional work related to operating the public company, and we look forward to their ongoing support."
Mr. McCoy, who served on the Board since September 27, 2005 and as chairman since September 12, 2006, was integral to the transition of Franchise Capital to become the appropriate public vehicle for Aero Exhaust.
"We would like to thank Robert McCoy for his service on the Board and laud his leadership through the transition of Franchise Capital from a restaurant franchise company, then to a shell, and finally through its acquisition of Aero Exhaust," stated Mr. Peacock. "The Board played an important role, and without Mr. McCoy's strong presence as chairman, there is little chance that this acquisition would have been completed."
The details of the management changes will be included in an upcoming Current Report on Form 8-K filed with the Securities and Exchange Commission. The Form 8-K is expected to be filed by October 11, 2007.
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.
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 website, 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 2006 filed with the Securities and Exchange Commission.
CONTACT: Gemini Financial Communications, Inc. A. Beyer 951-677-8073 Email Contact SOURCE: Franchise Capital Corporation
quote:Originally posted by a surfer: Some issue of a lawduit from 2 years previous was posted on HUB and brought this down along with MM Manipulation that fed the frenzy...
Nothing has changed...
Smelly in your example above you forgot a multiplier...
.01 X 10-25 or even 50..... equals a dime to a quarter....or more.
Glad I wasn't home to watch..... just recieved a call or two.
No worrys here..
All should be out in the open by next week.
Have a great weekend all.
Hey Surf....
Can you explain your math there....
I don't get it....
Thanks Surf....you are one of my favorites!!
-------------------- ..just remember....Family is EVERYTHING!! Posts: 3944 | From: Rochester, NY | Registered: Sep 2006
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quote:Originally posted by a surfer: Some issue of a lawduit from 2 years previous was posted on HUB and brought this down along with MM Manipulation that fed the frenzy...
Nothing has changed...
Smelly in your example above you forgot a multiplier...
.01 X 10-25 or even 50..... equals a dime to a quarter....or more.
Glad I wasn't home to watch..... just recieved a call or two.
No worrys here..
All should be out in the open by next week.
Have a great weekend all.
Hey Surf....
Can you explain your math there....
I don't get it....
Thanks Surf....you are one of my favorites!!
Oh, so he's the "other" man in your life...lol. I was wondering why this went down, then I noticed Jenna posting...J/K!!!
posted
With the 06 lawsuit...has anyone been able to find the outcome? Seems I have a faded memory of something being posted last February or March about it...but I haven't searched for it...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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quote:Originally posted by a surfer: Some issue of a lawduit from 2 years previous was posted on HUB and brought this down along with MM Manipulation that fed the frenzy...
Nothing has changed...
Smelly in your example above you forgot a multiplier...
.01 X 10-25 or even 50..... equals a dime to a quarter....or more.
Glad I wasn't home to watch..... just recieved a call or two.
No worrys here..
All should be out in the open by next week.
Have a great weekend all.
Hey Surf....
Can you explain your math there....
I don't get it....
Thanks Surf....you are one of my favorites!!
LOL too bad for cassity...
Here is a definition of multiple or P/E ratio right from stockcharts...
Price/Earnings Ratio: The P/E ratio is figured by dividing the price of a stock by the company earnings per share. For example, a stock selling at $50, with earnings at $5 per share for the previous year, has a P/E ratio of 10 (50/5 = 10). This value is also called the multiple.
If Ford stock had no Multiple the price would be probably .25 instead of 7 or 8 bucks which it has been trading at.
Posts: 6410 | Registered: Jul 2006
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It might show on the 8k that AERO only did 2 mil. in sales last year.... who knows
I think long term, if and only if everything follows through with the merger, we have a winner here. IMO
Posts: 6410 | Registered: Jul 2006
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posted
Hmm, I would have thought after the news got out that info on IHUB was old news this puppy would have went back up this morning..........
Posts: 88 | From: Nashville, TN | Registered: Sep 2007
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i guess we are all here! bought this cause a friend in Florida told me about the merg. just took a chance with a low amount of cash. strange trading though.
Surf; just wondering where your 2-5mil in sales from aero is coming from. is this your estimate? im not questioning just wondering how you came up with that guess based on the lack of info from this play. Hope ur right! were undervalued by a lot if that is the case.
im in at 2.4 cents, how about some of u?
Buy the way I posted about UVE when it was still uvih.ob many months ago. Anyone own it. I got all I had left after CSHD into it at $3.88 and turned 10k into 24k+. I really needed that after loosing all my CSHD profits. I guess I should count my blessing cause I know some of u guys lost a few grand on it but I was up over 100k at one point. Ouch!
Posts: 140 | From: CT | Registered: Aug 2006
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posted
I got in at .025 sir. I should have sold my CBAY shares and put them in to this when it hit .015 to average down.
Posts: 88 | From: Nashville, TN | Registered: Sep 2007
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posted
i was thinking of averaging down fri and today also just didn't have enough info to through good money after bad. most of my account is still in UVE and im not selling yet cause i think it is going to $12-15. ill take a shot with the small shares i have now.
Posts: 140 | From: CT | Registered: Aug 2006
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posted
I'm still banging my head on the desk for not putting every dime I own in to Vonage. It's up .97 cents today and had a gain of like .20 on Friday.
Posts: 88 | From: Nashville, TN | Registered: Sep 2007
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Franchise Capital Corporation Issues October 2007 Edition of Investor Newsletter Highlighting the Close of the Acquisition of Aero Exhaust, Inc.
via COMTEX
Oct 8, 2007 1:05:00 PM
MURRIETA, CA, Oct 08, 2007 (MARKET WIRE via COMTEX News Network) --
Franchise Capital Corporation (PINKSHEETS: FCCN) today announced the release of its October 2007 investor newsletter, which reviews the recent close of the company's acquisition of Aero Exhaust, Inc., a world leader in performance exhaust airflow technology and NASCAR Performance Partner.
The acquisition of Aero Exhaust by Franchise Capital was completed on October 4, 2007 with a share exchange between the two companies.
A PDF version of the newsletter is posted in the media archive of the company's website, http://www.franchisecapitalcorp.net, under the "Newsletters" tab, and a notice has been distributed through Franchise Capital's website-based mailing list.
The October 2007 newsletter includes details of the recent close of the acquisition of Aero, including changes to the management both prior to and after the share exchange was completed. The chief executive officer and Board of Directors of Franchise Capital have resigned to make way for the management team from Aero, led by Bryan Hunsaker, who has been appointed to the position of CEO of the public company. Steven R. Peacock, who served as Franchise Capital chief executive officer through the clean-up process and preparations for the acquisition, also provides a short greeting in the newsletter.
Also in the newsletter is an article reviewing the recent filing of the company's annual report for the 2007 fiscal year and another that discusses the next anticipated steps for the transition of the public company to a focus on Aero Exhaust and the automotive supply industry.
In addressing the company's shareholders in the newsletter, Mr. Hunsaker stated, "The core focus of the Aero Exhaust management team is to deliver long-term value for shareholders through the growth of Aero Exhaust and to steadily increase that value through continued growth its operations.
"Included in this strategy is the potential to execute a roll-up of additional synergistic operations in the automotive supply and performance products market segments. The details of this strategy are expected to be articulated in the very near future, and we hope that all of our stockholders, both those who came from the public company and those who were formerly stockholders in the private company, will be pleased with the direction that we plan to take the company. We believe that acquisition opportunities that are now being presented to us have the potential to dramatically increase the long-term potential of the public company. Being a public company provides Aero the vehicle to execute on this strategy."
The details of Franchise Capital's acquisition of Aero Exhaust will be included in an upcoming Current Report on Form 8-K filed with the Securities and Exchange Commission. The Form 8-K is expected to be filed by October 11, 2007.
Posts: 88 | From: Nashville, TN | Registered: Sep 2007
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My guess is with the 8K coming out this coming Thursday this puppy will slowly climb back up to around .027 or .028 then when the news comes out, (as long as it's as good as surf thinks), it will go up quite a bit. On the other hand... eh let's just stick with the positive stuff right lol.
Posts: 88 | From: Nashville, TN | Registered: Sep 2007
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quote:Originally posted by thecon00: hi guys, jenna;
i guess we are all here! bought this cause a friend in Florida told me about the merg. just took a chance with a low amount of cash. strange trading though.
Surf; just wondering where your 2-5mil in sales from aero is coming from. is this your estimate? im not questioning just wondering how you came up with that guess based on the lack of info from this play. Hope ur right! were undervalued by a lot if that is the case.
im in at 2.4 cents, how about some of u?
Buy the way I posted about UVE when it was still uvih.ob many months ago. Anyone own it. I got all I had left after CSHD into it at $3.88 and turned 10k into 24k+. I really needed that after loosing all my CSHD profits. I guess I should count my blessing cause I know some of u guys lost a few grand on it but I was up over 100k at one point. Ouch!
Hey Con!!!
I'm averaged in at the same...
-------------------- ..just remember....Family is EVERYTHING!! Posts: 3944 | From: Rochester, NY | Registered: Sep 2006
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Had no problem getting to .03 before the news. Many dumped at the .03 mark and dropped this to .02, which means new hands on this.
8K will have an effect on this, and it's already starting to climb again.
Is .04 out of the question? Maybe more.
They retired the 400,000,000 remaining shares, and there was only a small amount of dilution to get the merge deal done. Key word small dilution. Pinks do this crap to the tune of billions... Not this company thankfully.
Posts: 793 | Registered: Aug 2004
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Franchise Capital Corporation Announces Identification of Additional Synergistic Acquisition Candidate
Tuesday , October 09, 2007 09:14ET
MURRIETA, CA -- (MARKET WIRE) -- 10/09/07 -- Franchise Capital Corporation (PINKSHEETS: FCCN), which recently closed its acquisition of Aero Exhaust, Inc., a world leader in performance exhaust airflow technology and NASCAR Performance Partner, today announced that the company has identified a new acquisition candidate that presents significant synergies with the operations of Aero Exhaust. The acquisition candidate operates in the automotive supply market.
The company expects to enter into an initial agreement in the form of a letter of intent with the acquisition candidate in the near term and progress to a definitive agreement after all due diligence and negotiation of final terms is completed.
"While the growth of Aero Exhaust is expected to be the core focus of management, we will continue to seek out opportunities to build shareholder value through the acquisition of additional synergistic operations in the automotive supply and performance products market segments," stated Bryan Hunsaker, chief executive officer of Franchise Capital and Aero Exhaust.
"We believe that this type of roll-up strategy will have the potential for a dual benefit for the company and its shareholders. First, the additional revenues and assets that can be acquired through this process will potentially improve the company's valuation in the public markets. Second, but possibly even more significant for the future growth of Aero, is that certain synergistic acquisitions may also contribute to the growth of Aero Exhaust itself. These opportunities may be in the supply of parts for the mufflers and exhaust systems that Aero distributes.
"We expect to have this acquisition candidate signed to a letter of intent very shortly, and we look forward to providing additional information regarding the potential of this acquisition as soon as the appropriate agreements are in place," Mr. Hunsaker added.
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.
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 website, 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 2006 filed with the Securities and Exchange Commission.
-------------------------------------------------------------------------------- CONTACT: Gemini Financial Communications, Inc. A. Beyer 951-677-8073 Email Contact
Source: Franchise Capital Corporation
-------------------- " Cash is King " Posts: 1102 | From: NJ | Registered: Mar 2006
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-------------------- I refuse to tiptoe through life... only to arrive safely at death. Posts: 221 | From: michigan | Registered: Feb 2007
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