posted
MURRIETA, CA, Oct 24, 2007 (MARKET WIRE via COMTEX) -- Franchise Capital C orporation (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 Aero Exhaust will include Dr. Gas., Inc., with which it has just entered into a preliminary acquisition agreement, in its exhibit at the 2007 SEMA Show. The SEMA Show, being held Tuesday, October 30 - Friday, November 2, 2007, at the Las Vegas Convention Center, is the premier automotive specialty performance products trade event in the world featuring performance, accessories, restoration and motorsports products.
The SEMA Show (http://www.semashow.com) draws the industry's brightest minds and hottest products to one place, the Las Vegas Convention Center. As part of the AAIW, the SEMA Show attracts more than 100,000 industry leaders from over 100 countries for unlimited profit opportunities in the automotive, truck and SUV, marine a n d RV markets. SEMA Show 2006 drew over 50,000 domestic and international buyers through two million square feet of exhibits. The displays are segmented into 11 sections, and a New Products Showcase features more than 2,000 newly introduced parts, tools and components. In addition, the SEMA Show provides attendees with educational seminars, product demonstrations, special events, networking opportunities and more.
"The SEMA Show represents an excellent opportunity to couple the strengths of Aero Exhaust and Dr. Gas, Inc. into a single exhibit," stated Bryan Hunsaker, chief executive officer of Franchise Capital and Aero Exhaust. "The significant synergies between these two companies are apparent, and we believe that by exhibiting together at SEMA, we will significantly increase the profiles of both companies in the performance automotive supply market and send a clear message of how we intend to work together to build an even more subst a ntial public company."
Dr. Gas produces 90% of all exhaust systems used in NASCAR, Nextel Cup Series, Busch Grand Nationals, Craftsman Truck Series, and many more.
In addition to its racing applications, Dr. Gas also manufactures for Original Equipment Manufacturers (OEMs) such as Freightliner.
Dr. Gas, Inc. founder and CEO Boyd Butler commented, "We are pleased to have entered into an initial acquisition agreement with Franchise Capital and look forward to exhibiting with Aero at the upcoming SEMA Show. We are confident that Aero management has charted a successful strategy for long term growth in the performance exhaust market, and we believe that together with Dr. Gas the company is now positioned to execute its expansion strategy. Dr, Gas, Inc. is prepared to contribute to this growth initiative through its manufacturing, design and engineering capabilities.
"With the manufacturing and race engineering of NASCAR c o mbined with Aero's marketing and retail distribution, I expect this company to become one of the major players in the performance exhaust industry," he added.
Dr. Gas, Inc.'s fabricating capabilities are expected to increase the availability of Aero's new line of full turbo and cat-back systems diesel exhaust systems, referred to in marketing documents as "kits," which include all parts from the catalytic converter, turbo charger or muffler back to the tailpipe. Improved supply will help Aero to meet the demand for its products in the automotive supply market.
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 Dr. Gas, Inc.
Dr. Gas, Inc. is a producer of the finest racing performance exhaust systems for street and pro-race performance exhaust applications. D r. Gas produces 90% of all exhaust systems used in NASCAR, Nextel Cup Series, Busch Grand Nationals, Craftsman Truck Series, and many more. Dr. Gas Exhaust Systems produces performance exhaust Xscream(R) crossover, y-pipe, oval tubing performance exhaust, and h-pipe systems that have changed the performance exhaust sound of NASCAR, IROC, drag racing, and pro-street. Dr. Gas designed and patented the revolutionary Spin Tech racing mufflers. Many standard and custom sizes of mandrel bends and oval tubing are the absolute best for high performance exhaust and ground clearance applications. The company has performance exhaust parts for car, truck, RV, motorcycle, marine, aircraft and industrial applications.
At its first NASCAR race, Dr. Gas shocked the sport with its new performance exhaust sound and added power on Sterling Marlin's winning 1995 Daytona 500 racecar. Many of its patented NASCAR performance exhaust systems can be used in street rod performance exhaust applications. For more information on Dr. Gas, Inc., please visit http://www.drgas.com.
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 produc t s. 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.
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quote:Originally posted by lostone: i don't think we'll see .006 again (hope not, cuz i picked up some at .0065).. i think it's upwards from here.. altho that volume is freakish.. lets hope that PR will calm all the sellers
Why are more people wanting out? I don't get this at all. I am still going to buy because the company seems promising. I mean they just aquired AERO and now their going to pickup Dr.Gas....... Where is the down side to this?
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Anyways, I see what you mean Jenna. I hope that was the case cause we should recover in time then. If we would have only known 2 weeks ago we would have got 5 times the shares for the same price lol.
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MURRIETA, CA, Oct 25, 2007 (MARKET WIRE via COMTEX) -- Franchise Capital Corpo ration (PINKSHEETS: FCCN), which recently acquired Aero Exhaust, Inc., a world leader in performance exhaust airflow technology and NASCAR Performance Partner, today announced that Aero has recently established relationship with two additional regional distributors for its products. The new distributors, Franks Supply Co. of Houston, Texas and Wynne Exhaust of Wynne, Arkansas are now stocking Aero products and join Allied Exhaust and Full Line Exhaust as regional distributors of Aero Exhaust products.
The major regional distributors make periodic purchases of Aero products, usually on a monthly basis, and distribute to performance muffler retail outlets in their respective areas. The outlets these distributors service include a variety of retail locations, including independent and franchised automotive repair and supply shops. These four major distributors cover territories that range from California to the west, the Canadian border t o the north, the Mexican border and Gulf of Mexico to the south and the Atlantic Ocean to the east, and include approximately 30 states.
Frank Supply Co. (www.franksupplyco.com) has been in business for nearly 30 years, providing performance exhaust components and automotive accessories to thousands of installation and accessory shops. With a five state delivery area and five warehouse locations servicing Texas, Louisiana, Southern Mississippi, Southern Oklahoma, and New Mexico, Frank Supply Co. is "the performance/exhaust specialist." Aero mufflers have recently been added to the performance muffler products on the Franks Supply Co. website.
Wynne Exhaust, based in Wynne, Arkansas distributes in all or portions of six states, including Oklahoma, Arkansas, Missouri, Mississippi, Illinois, and Tennessee.
Allied Exhaust (www.alliedexhaust.com), founded in the 1960s, is the largest independent warehouse distributor of automot i ve exhaust in the country with 16 distribution centers spanning 18 western states. Allied Exhaust began stocking the Aero product in a limited number of warehouses early in 2007 and has continued to roll the product out to the remainder of its warehouses throughout the year. Allied is now stocking the Aero products throughout its entire system, and links to Aero's website are included in on the Allied Exhaust website.
Full Line Exhaust (www.fulllineexhaust.com), which has also carried Aero products since the beginning of 2007, services nearly 3,100 independent and franchised under car repair shops in Alabama, Florida, Georgia, Illinois, Indiana, Kentucky, Mississippi, Missouri, North Carolina, South Carolina, and Tennessee. Full Line Exhaust carrying an impressive line of 8,000 to 9,000 exhaust parts. Aero Turbine XL Muffler Series are listed as featured products on the Full Line Exhaust website at http://www.fulllineexhaust.com/featur e s.asp.
"Through agreements with our distribution partners, Aero mufflers and exhaust systems are sold as core products to shops covering most of the United States," commented Bryan Hunsaker, chief executive officer of Franchise Capital and Aero Exhaust. "We will continue to seek to expand distribution of Aero products, especially as a greater inventory is secured through our developing relationship with Dr. Gas, Inc. As has been stated several times recently, we believe that the manufacturing capabilities of Dr. Gas, Inc. represents an effective solution to Aero's supply challenges and will allow us to meet both the current and future demand for our product lines.
"Aero's business is selling our performance exhaust products, and our major focus at this time is increasing the sales of those products, thereby increasing the revenues and value of the company. The distribution partnerships we have developed are the vehicle to sell t o a large segment of the performance exhaust market, and we look forward to increasing the number of products we supply to our distributors," Mr. Hunsaker added.
Franchise Capital recently entered into a preliminary agreement with Dr. Gas, Inc. to acquire 100% of the common stock of Dr. Gas, Inc., a producer of the finest racing performance exhaust systems for street and pro-race performance exhaust applications. Dr. Gas produces 90% of all exhaust systems used in NASCAR, Nextel Cup Series, Busch Grand Nationals, Craftsman Truck Series, and many more. In addition to its racing applications, Dr. Gas, Inc. also manufactures for Original Equipment Manufacturers (OEMs) such as Freightliner.
Franchise Capital also recently announced that Aero Exhaust will exhibit with Dr. Gas, Inc., at the 2007 SEMA Show scheduled for Tuesday, October 30 - Friday, November 2, 2007, at the Las Vegas Convention Center. The SEMA Show (http://www.semashow . com) is the premier automotive specialty performance products trade event in the world featuring performance, accessories, restoration and motorsports products. Aero's booth number for the show is 21036.
Dr. Gas, Inc.'s fabricating capabilities are expected to increase the availability of Aero's new line of full turbo and cat-back systems diesel exhaust systems, referred to in marketing documents as "kits," which include all parts from the catalytic converter, turbo charger or muffler back to the tailpipe. Improved supply will help Aero to meet the demand for its products in the automotive supply market.
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 Dr. Gas, Inc.
Dr. Gas, Inc. is a producer of the finest racing performance exhaust systems for street an d pro-race performance exhaust applications. Dr. Gas produces 90% of all exhaust systems used in NASCAR, Nextel Cup Series, Busch Grand Nationals, Craftsman Truck Series, and many more. Dr. Gas Exhaust Systems produces performance exhaust Xscream(R) crossover, y-pipe, oval tubing performance exhaust, and h-pipe systems that have changed the performance exhaust sound of NASCAR, IROC, drag racing, and pro-street. Dr. Gas designed and patented the revolutionary Spin Tech racing mufflers. Many standard and custom sizes of mandrel bends and oval tubing are the absolute best for high performance exhaust and ground clearance applications. The company has performance exhaust parts for car, truck, RV, motorcycle, marine, aircraft and industrial applications.
At its first NASCAR race, Dr. Gas shocked the sport with its new performance exhaust sound and added power on Sterling Marlin's winning 1995 Daytona 500 racecar. Many of its patented NASCAR p erformance exhaust systems can be used in street rod performance exhaust applications. For more information on Dr. Gas, Inc., please visit http://www.drgas.com.
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 off i cial 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 for fiscal year 2007 filed with the Securities and Exchange Commission
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Depends on what angle you look at if from Lock lol. I am more like 75% down lol.
I actually just picked up 4 times what I bought originally to average down. I still have a good feeling about this one. The company is doing a lot so maybe we will still see our nickel or dime in time.
posted
Good morning ... these stocks get overbought and oversold creating volatility giving us the opportunity to make some $$$$$!
Currently I believe we are oversold for where Aero truly is now. The 3Q report and revs will tell all ... IHUB has been rallying for 10 months on this, pumpers and bashers alike. As I recall, about a dozen over there held 1m to 15m shares, most saying they are holding long term. Ofcourse, we really do not know who holds what!
I expect to see this to turn up as pr's about OEM deals, distribution expanse, profits, etc. come forward. In the "mean" time, I'm buying at these levels ... just added some this am. The best to all!
BTW, the macd's and trends seem to be turning to the positive side this am ... Good luck all!
-------------------- ... make you're decisions only on you're own DD ...
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Not a bad close for the day. In all honesty I hope it stays low for a couple days while I untie some funds. I am going to double up on what I got because the more I read the more I beleive in this company. I am doing some research on what NASCAR teams use either of the exuast systems.
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Hey guys in case you haven't heard. Revised 8K announced today at * 4:30pm. The total assets went from $587,838 to $13,495,029! Should be a fun day tomorrow! GLTA
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quote:Originally posted by Lumpy: Hey guys in case you haven't heard. Revised 8K announced today at * 4:30pm. The total assets went from $587,838 to $13,495,029! Should be a fun day tomorrow! GLTA
Gee I wonder how that happened....
Inside manipulation again......?
Regardless this should be a nice kick in the butt.
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quote:Originally posted by Lumpy: Hey guys in case you haven't heard. Revised 8K announced today at * 4:30pm. The total assets went from $587,838 to $13,495,029! Should be a fun day tomorrow! GLTA
Gee I wonder how that happened....
Inside manipulation again......?
Regardless this should be a nice kick in the butt.
What does this mean for us????
So, it is worth a lot more than we all thought???
-------------------- ..just remember....Family is EVERYTHING!!
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posted
well...i guess that "I" should thank those that panicked and sold...made for some nice "pick ups"...and now this... Looks like you were right all along Surf!!!
Let's see what tomorrow brings...because today was NICE!
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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This am, I was watching close to see how the market perceived the distribution pr and it took some time but did move and hold nicely. Cannot wait until tomorrow to see what happens ... Good luck all ... I'm sure we can all use it! Later ...
-------------------- ... make you're decisions only on you're own DD ...
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Am I reading this correctly that the increase in value is attributed to "good will". I've always understood that to be something considered in the sale of a company, but not on the day to day value of a company.
If it makes the pps go up great. Maybe it's something considered by future investors but I don't think it's gonna buy Dr. Gas. jmo
-------------------- Let's Go METS!!!
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posted
Franchise Capital Corporation Files Pro Forma Financials in Form 8-K/A Oct 26, 2007 9:52:00 AM MURRIETA, CA -- (MARKET WIRE) -- 10/26/07 -- Franchise Capital Corporation (PINKSHEETS: FCCN) filed a Current Report on Form 8-K/A to provide pro forma financial information related to its recent acquisition of Aero Exhaust, Inc. and adds the report of the company's independent registered public accounting firm regarding the audit of Aero's two-year financial statements. Aero Exhaust is a world leader in performance exhaust airflow technology and NASCAR Performance Partner.
Shane H. Traveller, chief financial officer of Franchise Capital, stated, "The pro-forma financial statements are designed to reflect what the company's financial condition would have looked like had the merger taken place on June 30, 2007. Unfortunately, accounting principles require the recording of certain non-cash items associated with an acquisition of this type, which can skew the operating results and give a potentially misleading view of the company's operations.
"In the case of the share exchange between Aero and Franchise Capital, the exchange rate was negotiated at a time when Franchise Capital's stock price was considerably lower than the price per share on the date we closed the transaction. This resulted in an overstated amount of goodwill being recorded and an overstated amount of settlement cost of debt that was retired through the issuance of stock at the time of the share exchange. We therefore elected to reduce the amount of goodwill to the value of the stock on the date the final share exchange terms were negotiated, since we believe that price represented the fair market value. While this treatment more accurately reflects our asset value, it also resulted in a considerable non-cash loss, which is in no way indicative of the actual operations of the company.
"We anticipate that being able to produce Aero's cat-back kits through the merger with Dr. Gas will allow us to substantially increase the supply and the current demand for Aero products and allow it to achieve break-even cash flow in the near term."
Franchise Capital recently entered into a preliminary agreement with Dr. Gas, Inc. to acquire 100% of the common stock of Dr. Gas, Inc., a producer of the finest racing performance exhaust systems for street and pro-race performance exhaust applications. Dr. Gas produces 90% of all exhaust systems used in NASCAR, Nextel Cup Series, Busch Grand Nationals, Craftsman Truck Series, and many more. In addition to its racing applications, Dr. Gas, Inc. also manufactures for Original Equipment Manufacturers (OEMs) such as Freightliner.
The acquisition of Dr. Gas, Inc. is expected to provide the company with multiple benefits due to its significant synergies with the operations of Aero Exhaust. Once the planned acquisition is consummated, Dr. Gas will contribute to increased revenues and asset valuation for Aero. Possibly even more significant for the business of Aero itself is that Dr. Gas, Inc. is expected to contribute to the growth of Aero through the fabrication of components for Aero products, including recently launched full exhaust systems. Dr. Gas, Inc.'s fabricating capabilities are expected to increase the availability of Aero's new line of full turbo and cat-back systems diesel exhaust systems, referred to in marketing documents as "kits," which include all parts from the catalytic converter, turbo charger or muffler back to the tailpipe. Improved supply will help Aero to meet the demand for its products in the automotive supply market.
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 Dr. Gas, Inc.
Dr. Gas Exhaust Systems produces performance exhaust Xscream® crossover, y-pipe, oval tubing performance exhaust, and h-pipe systems that have changed the performance exhaust sound of NASCAR, IROC, drag racing, and pro-street. Dr. Gas designed and patented the revolutionary Spin Tech racing mufflers. Many standard and custom sizes of mandrel bends and oval tubing are the absolute best for high performance exhaust and ground clearance applications. The company has performance exhaust parts for car, truck, RV, motorcycle, marine, aircraft and industrial applications. At its first NASCAR race, Dr. Gas shocked the sport with its new performance exhaust sound and added power on Sterling Marlin's winning 1995 Daytona 500 racecar. Many of its patented NASCAR performance exhaust systems can be used in street rod performance exhaust applications. For more information on Dr. Gas, Inc., please visit http://www.drgas.com.
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 for fiscal year 2007 filed with the Securities and Exchange Commission.
CONTACT: Gemini Financial Communications, Inc. A. Beyer 951-677-8073 Email Contact
-------------------- A Few Facts Are Better Than None At All
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I think this "slow & steady" is better for us than if it ran....If it were to run this morning than it only would have fallen late in the day or Monday....so I see this as a very good thing....
-------------------- ..just remember....Family is EVERYTHING!!
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