PHOENIX, April 21, 2005 (PRIMEZONE) -- Franchise Capital Corporation (OTCBB:FCCN) today announced that Edward C. Heisler has been appointed Chief Compliance Officer and will serve on the company's Board of Directors. A Current Report on Form 8-K has been filed with the Securities and Exchange Commission detailing Mr. Heisler's appointment.
At a Board of Directors meeting held on April 13, 2005, Mr. Heisler was appointed Secretary, Chief Compliance Officer, and Director of Franchise Capital Corporation. On the same date, Mr. James Medeiros resigned as Secretary and Director of the company. Mr. Heisler has held several management and executive positions at private and public companies. In most recent years Mr. Heisler has focused his attention on the compliance needs of small public companies. Drawing from his years of experience Mr. Heisler has provided and continues to provide services such as preparing and coordinating SEC filings, business and business plan development, investor relations and other various consulting.
As president and chief executive officer of one publicly traded company, Mr. Heisler increased sales by 200% in his first quarter. While with automotive giant DaimlerChrysler, he resolved union and management training issues, acquired millions of dollars for training from state and federal sources, facilitated seminars in lean manufacturing including tracking techniques, communication, cost-cutting, and enhanced productivity. He was also responsible for the training of over a thousand DaimlerChrysler employees. As Continuous Improvement Specialist at DaimlerChrysler, he implemented ongoing initiatives, facilitated in-plant tracking boards, and developed procedures and data tracking for ISO 9002/QS 9000 compliance.
Franchise Capital Corporation Chief Executive Officer Bradford Miller stated, "The addition of Mr. Heisler to our management structure will strengthen the company's corporate governance and compliance capabilities, which are critical elements for the success of an investment company. His expertise in a variety of aspects of public company operations will be invaluable as Franchise Capital works to strengthen and build revenues in its current portfolio holdings and identifies new opportunities to grow value for its shareholders."
About Franchise Capital Corporation:
Franchise Capital Corporation is a Business Development Company pursuant to Section 54 of the Investment Company Act of 1940. The company currently has five operating, synergistic investments holdings: Kokopelli Franchise Company, LLC; Cousin Vinnie's Franchise Company, LLC; Kirby Foo's Asian Grill Franchise Company, LLC; Comstock Jake's Franchise Company, LLC; and Fathom Business Systems, Inc., all of which are engaged in business related to restaurant franchise development.
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 those set forth in the company's report on Form 10-KSB for fiscal year 2004 filed with the Securities and Exchange Commission.