Franchise Holdings International, Inc. (OTCQB:FNHI)

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Franchise Holdings International 2019 revenues trending towards 1100% year over year growth

Profitability forecasted within 2019

 

TORONTO, Ontario, February 5th, 2019 – Franchise Holdings International (OTCQB: FNHI), Worksport Ltd.’s parent company, said it was on track to achieve revenues representing at least a 1100 per cent increase year over year, when compared with 2018. Worksport, an innovative manufacturer of high quality, functional, and aggressively priced tonneau/truck bed covers for the light truck market, provides products for the Sierra, Silverado, Canyon, RAM, and Ford F-Series. Covers like Worksport’s are considered the single most commonly purchased item for pickup trucks.

 

The North American tonneau cover market, estimated to be in the multi-billions, is driving Worksport’s growth. One key factor is the overwhelming success of its private label initiative. With its proprietary designs and patents, Worksport supplies custom tonneau covers for large brands in the U.S. and Canada and received in excess of U.S. $1,000,000 in orders within the past 90 days. New private label orders are arriving regularly. Another large U.S. client has placed a sizeable opening order to ship in March, 2019 from Worksport’s “discovery” product offering, its more innovative models.

 

“We are set to make history…we are just getting started”

 

“We’re eagerly focused on profitability and sustainable growth,” said Worksport CEO Steven Rossi. “I wish to thank all shareholders, partners and direct investors for their support, which has led us to this moment. There is still a lot of work to be done. After the name change, successful capital placement, new and innovative products, tremendous revenue growth, and the much-anticipated potential cross listing on the Canadian Securities Exchange, we are set to make history. It will be a victory for shareholders. We are just getting started. We have several new partnerships and investments ahead that are expected to bring even more value to our investors.”

 

Management will promptly update its shareholders as it reaches milestones relating to new products, patents, trademarks, completion of its CSE listing as well as when it reaches revenue milestones.

 

About Franchise Holdings International
Franchise Holdings International (OTCQB:FNHI) is a strategic investment company. Franchise Holdings International’s strategy is to partner or invest in companies and provide them the tools to become the fastest growing businesses in their segments creating shareholder value in the process. Once a business of interest is acquired, invested in and/or partnered with, our mission is to further develop and accelerate the growth for those subsidiaries. Currently the Corporation has one fully owned subsidiary, Worksport Ltd. an innovative fast-growing manufacturer of high quality, functional, and aggressively priced tonneau/truck bed covers for pickup trucks like the F150, Sierra, Silverado, Canyon, RAM, and Ford F-Series. For more information please visit www.worksport.com

 

Forward-Looking Statements
This document may contain forward-looking statements, relating to Franchise Holdings International Inc. operations or to the environment in which it operates, which are based on Franchise Holdings International Inc. operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or are beyond Franchise Holdings Internationals Inc.’s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. Franchise Holdings International Inc. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No Stock Exchange or Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

 

For further information please contact:
Mr. Steven Rossi
CEO & Director
Franchise Holdings International .
T: 1-888-554-8789
E: Investors@franchiseholdingsinternational.com

www.franchiseholdingsinternational.com

 

SOURCE:  Franchise Holdings International

WORKSPORT PARENT COMPANY FNHI OUTLINES FUTURE VISION IN SECOND PART OF 2018 YEAR IN REVIEW INVESTOR CALL — ON TRACK FOR $5 MILLION IN 2019

Toronto, Ontario, Jan. 09, 2019 – Franchise Holdings International Inc., (OTCQB: FNHI) (or the “Corporation”) Worksport Ltd.’s parent company, in the second part of its 2018 investor conference call, outlined the company’s two tracks for income streams in 2019 — branded and non-competitive private label sales — for its high quality, functional, and aggressively priced tonneau/truck bed covers for the light truck market. FNHI and Worksport CEO Steve Rossi also said its technologically innovative Helios and Alpha Helios solar tonneau covers are expected to reach the North American market in 2019 and 2020 respectively.

 

Private label sales are non-competitive to the main brand

 

Rossi described his total concentration on the business’ main product lines, while private label sales to two major U.S. companies occurs simultaneously. “With this development, we ‘knocked the ball out the park.’ The two American companies approached Worksport independently, and exclusive and non-competitive products were developed for their pre-existing market for tonneau covers,” Rossi said. “They are expected to be reoccurring orders equaling the revenue stream for the main trifold truck cover product lines. It is accretive and a win-win for both manufacturer and purchasers.” Rossi told conference participants that private label sales are ‘in the background, ‘and based on Worksport’s pre-existing patent portfolio.

 

Revenue update

As of today’s date, Worksport is pleased to announce its order book has exceeded $1,150,000. It is expected to grow and rotate every 30 to 60 days. Worksport and its team is working towards revenue growth outpacing its target of $5,000,000 within 2019; representing a year of year growth target of over 900%.

 

Invest in the company, not in an IR firm

Another area of concern for investors was whether FNHI would invest in support from a major investor relations firm, with a dual OTC and CSE listing expected in the near future. Rossi advised conference participants that “it would be a difficult call to divert funds that are needed for Worksport growth to an exploratory project” that may or may not provide ROI, even if such firms succeed in creating greater FNHI awareness. “There is much available organic media coverage for growing companies that need not bought and paid for,” Rossi told the investor conference.

 

FNHI offshore manufacturing promotes ‘consistency and quality’

Rossi also explained the protections built into its manufacturing processes in China. It’s somewhat like ‘just in time’ product assembly. “We work directly with each manufacturer of specific components, retaining control throughout the supply chain.”

 

“This promotes consistency and quality, a proprietary and rather complex way to create products, with factories able to scale up to scale up to large orders within 30 days,” Rossi commented. “Each facet is individually managed from sewing, plastics, panel adhesives to aluminum cutting and applying anti corrosives, with the factory mostly handling assembly and packaging.” He added that budgets exist for current orders but there was still a need for capital to fund onshore inventory.

 

To the question of whether FNHI would agree to be acquired, Rossi told participants: “We will act prudently in shareholders’ interests but wish to be the acquirer; our goal is a nine-figure evaluation. I am in it for the long haul and want to call the shots. I don’t play golf and can’t sit still. I want to call the shots, just as I have since I was 16-17 and first started my own business.”

 

Share structure remains the same but Rossi plans to retire his shares

To a question about FNHI share structure, Rossi noted that it “had not changed” but that he would soon be retiring his 11 million shares (which he would “never sell)” out of the approximately 147 million shares issued and outstanding. If investors have questions about this or other topics, Rossi said, “At any given time, they should be able to email, call or tweet and ask what is happening and I will be glad to answer. That’s a basic of company transparency.”

 

FNHI enjoys a record making order book

In concluding the investor conference, Rossi noted that Worksport enjoyed a “record making order book” though is prepared for “hard times or good times.” “There will be peaks and valleys, but excellent management is in place to move aside whatever obstacles could be in the way. We will use everything in our tool belt to keep moving forward,” the FNHI CEO said.

 

Part II of the conference call can be listed to here: https://franchiseholdingsinternational.com/media/conference-calls/

 

About Worksport Ltd

Worksport Ltd., a fully owned subsidiary of Franchise Holdings International. Inc. is an innovative manufacturer of high quality, functional, and aggressively priced tonneau/truck bed covers for light trucks like the F150, Sierra, Silverado, Canyon, RAM, and Ford F-Series. For more information please visit www.worksport.com

 

About Franchise Holdings International

Listed on the OTCQB Market under the trading symbol “FNHI” and currently in the process of a dual listing on a Canadian Stock Exchange, Franchise Holdings International’s strategy is to acquire business in the fastest growing business segments and to create shareholder value in the process. Once a business of interest is acquired, our mission is to further develop and accelerate the growth for all of our acquired subsidiaries. Currently the Corporation has one fully owned subsidiary, Worksport Ltd.

 

For further information please contact:

Mr. Steven Rossi
CEO & Director
Franchise Holdings International

.
T: 1-888-554-8789
E: Investors@franchiseholdingsinternational.com
Website: www.FranchiseHoldingsInternational.com

 

Forward-Looking Statements

This document may contain forward-looking statements, relating to Franchise Holdings International Inc. operations or to the environment in which it operates, which are based on Franchise Holdings International Inc. operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or are beyond Franchise Holdings Internationals Inc.’s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. Franchise Holdings International Inc. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No Stock Exchange or Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

 

Source: Franchise Holdings International, Inc.

About Franchise Holdings International

Our Story as Franchise Holdings International is best told through the story of our Worksport subsidiary. Worksport is one of our great investment opportunities.

 

investment opportunitiesWe have proven that a committed team with outstanding leadership and experience in the market can accomplish great things and therefore create great investment opportunities. We entered the competitive tonneau cover market in the U.S. and Canada with high quality innovative products that are priced to sell and be profitable at the same time. And despite strong headwinds created by much larger competitors we have answered every challenge and continue to grow organically. Worksport already has shown to be one of the best companies to invest in to accelerate revenue growth.

 

We are growing and ready to move to the next level because we know that there is market demand for our products. However, our growth has been slowed by a lack of capital which is needed to scale our inventories to support serving the increasing number of customers who want to buy our products and complete development of our new Helios line which has the potential to impact the tonneau cover market.

 

Our Top Priorities:

 

Investment Opportunities: Build Inventory to Meet Market Demand

 

It is not a stretch to say that in 2017 alone we left at least $600k in annual sales on the table. This because we did not have all the inventory required to fill customer orders. The orders have to be filled instantly and therefore we have to increase our inventory. This creates great investment opportunities for our investors. As an investor or potential investor you know, once the required threshold for inventory is met, each sale can rapidly increase the cash flow and therefore grow the inventory and most importantly accelerate revenue growth.

 

Investment Opportunities: Complete Helios Technology

 

Our Helios product is a tonneau cover with the ability to convert sunlight into storable energy besides that the energy can be used for power electrical tools. This is one of the best investment opportunities for our future growth. It can also extend the driving range of a hybrid or fully electric light duty truck. We believe that this product has the potential to be a game changer in the truck accessory market. We are currently in the prototyping stage for Helios and additional funding would allow us to complete this product and bring it to market. While we seek funding, we are busy developing new ways to reduce our cost per unit. We have been quite successful at this outside investment will put us in a position to further reduce our unit cost and accelerate our revenue growth.

 

Soon to Be Dual Listed

We are currently trading on the OTCQB and are well into the process of achieving a dual listing on the Canadian Stock Exchange (CSE). Dual listing OTC and CSE is expected to happen by the end of Q3 2018.

 

Our approach to working with our investors follows the same principles we use in working with our subsidiaries and the same principles they use in working with their employees and management teams.

 

We invite you to consider joining our team as an investor.

 

Our Corporate Team

 

We have assembled a cohesive team of employees and outside advisors who believe in our mission and share our goals. Therefore they and we are energized by our vision and feel a sense of accomplishment with each success we achieve together.

 

Steven Rossi, CEO

 

 

For the past ten years CEO Steven Rossi has been developing companies in the automotive industry. Mr. Rossi brings the ability to create a vision, mastermind innovative products and lead his team in the execution of the ensuing strategy. This was clearly demonstrated when his previous company in the auto parts and recycling business was acquired. While he has unquestioned experience and knowledge in the automotive industry he has also acquired the skills to be successful in any industry.

 

Mr. Rossi is a committed, savvy capitalist yet he is also passionate in his belief that one can make quality products and generates value for the shareholders in the process. One conversation with Mr. Rossi will make it clear that he is the real deal. He wants to be remembered for doing good. Mr. Rossi has created great investment opportunities for interested investors.

 

Micheal Johnston – CFO

 

Specialized in public company operations, financial statements,  analysis, and IFRS. Holds both the Chartered Professional Accountant (Canada) and Certified Public Accountant (United States) designations. Therefore a great value for our team.

 

Paul Haber – Director

 

Operating in corporate finance and capital markets for over 18 years. He has helped many companies navigate the IPO/RTO process and has participated in numerous M&A and financing transactions.

 

Lorenzo H. Rossi – Chairman

 

Over 25 years management experience in technology and founder of the very first E-learning Academy. Served as an Executive Director with Neotel which traded on the TSX.  Managed a budget of 300 million dollars for the York Catholic District School Board.

 

How do our subsidiaries become the fastest growing companies?

 

In short: by simply increasing the inventory of tonneau covers for our subsidiary Worksport. This increased inventory will lead to direct sales for all orders and growth can be accelerated immediately. Please read this page to understand how we plan to grow our revenues and what we need to succeed.

 

Investors want to see their FNHI investment to be among their best stocks on the rise.

 

We know that shareholder value and stock appreciation for our investors is very important. Franchise Holdings International works very close with the subsidiaries to accelerate growth and become the fastest growing companies in their market. Our experienced management team knows how to grow revenues and increase sales for future growth and maximum shareholder value. This way our subsidiary stays one of the fastest growing companies in the automotive industry. By reading this page you will have a better understanding on how explosive revenue can accelerate when Worksport has enough inventory. You will also understand better why our management team currently has rated Worksport as one of the best companies to invest in for Franchise Holdings International.

 

Source:  https://franchiseholdingsinternational.com/

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