Franchise Services of North America Inc. Announces Direct Connectivity with Kayak.com
10 February 2007
Franchise Services of North America Inc. ("FSNA" or the "Company") announced today that it has established direct connectivity with Kayak.com, the world's largest travel search site, for its flagship U-Save(R) brand. The link with Kayak.com continues the Company's plan to aggressively expand its channels of reservation distribution to enable consumers to book reservations with its franchisees. "Kayak.com is recognized as a top 20 travel site, with more than 11 million visitors in January," said Robert M. Barton, Chief Operating Officer, FSNA. "We believe Kayak's distribution will significantly increase the traveling public's ability to make reservations with our franchisees."
About FSNA
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In November, 2006, U-Save Auto Rental of America, Inc. and Rent-A-Wreck Capital Inc. completed a reverse takeover transaction. The resulting company, FSNA, is a publicly traded company on the TSX Venture Exchange. The company and its subsidiaries own the following brands: U-Save Car & Truck Rental, U-Save Car Sales, Rent-A-Wreck of Canada, Auto Rental Resource Center (ARRC), Xpress Rent A Car and Peakstone Insurance.
U-Save Auto Rental of America, Inc., with its subsidiary ARRC (Auto Rental Resource Center), has over 1100 locations throughout the United States and is one of North America's largest franchise car rental companies. Having primarily serviced the local market for the past 25 years, current expansion plans call for the opening of airport locations in the top 30 markets in the United States and the major airports in Canada. U-Save(R) currently services 24 airport markets in twelve different states. U-Save Car Sales is a recent expansion of the U-Save brand into the car sales market.
Practicar Systems Inc. (a wholly owned subsidiary of FSNA) owns the rights to the Rent-A-Wreck(R) trademark for all of Canada. The Rent-A-Wreck(R) system operates a network of 50 franchises from coast-to-coast in Canada, providing a range of vehicle rental, leasing and sales options to its customers. The Rent-A-Wreck(R) system has been in continuous operation in Canada since 1976.
About Kayak.com
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Kayak.com, the world's largest travel site, displays results from 404 travel sites, providing prices and itineraries for hundreds of airlines, more than 155,000 hotels, all leading rental car companies and 17 cruise lines. Kayak.com has been named "Best of the Web" by BusinessWeek, "Best of the Web" by Forbes.com, "50 Coolest Websites" by TIME Magazine, "Best Travel Search Engine" by the Associated Press, "Best Search Aid" by Travel + Leisure Magazine and "Best of the Web" by US News & World Report. Launched in 2005 by co-founders of Orbitz, Travelocity and Expedia, Kayak.com's investors include General Catalyst Partners, Sequoia Capital, America Online, Inc. and London-based Accel Partners. Kayak.co.uk launched December 2006 with the industry's most powerful flight search, Kayak Forums and Kayak Buzz. For more information, please visit www.kayak.com.
Forward-Looking Information
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Certain information included in this press release is of a forward-looking nature. Forward-looking information can often be identified by forward-looking words such as "anticipate", "believe", "expect", "goal", "plan", "intend", "estimate", "may", and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Shareholders and other prospective investors are cautioned not to place undue reliance on forward-looking information. Forward-looking information is subject to known and unknown risks, assumptions, uncertainties and other factors. Accordingly, actual results may differ materially from those expressed or implied in forward-looking information. Some of the risks, assumptions, uncertainties and other factors affecting FSNA are discussed in our public filings with the securities regulatory authorities in Canada. Copies of FSNA's Canadian filings, including our most recent management information circular, annual information form, interim financial statements, material change reports and news releases, are available online at www.sedar.com. Information in this document is presented as of February 8, 2007 and is subject to change after this date. However, FSNA disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
The TSX Venture Exchange has in no way passed upon the merits of this
transaction and has neither approved or disapproved the contents of this
press release.
For further information: on FSNA or any of its operating subsidiaries contact: Robert M. Barton, Executive Vice President, Chief Operating Officer, (601) 713-4333, www.fsna-inc.com
Source: newswire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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