PHOENIX, May 5, 2005 (PRIMEZONE) -- Franchise Capital Corporation (OTCBB:FCCN) today issued its May newsletter, which can be viewed at the company website, www.franchisecapitalcorp.com/newsletter.asp. A text-only version will be sent out electronically to all subscribers to the Franchise Capital email-alert system.
Featured in this month's newsletter are details of the opening of the company's prototype Kokopelli Sonoran Grill in the Phoenix area and the company's move into new corporate offices as part of its ongoing expansion program.
Also covered in this issue is the recent agreement between portfolio investment Kokopelli Grill Franchise, LLC and SYSCO, North America's largest foodservice marketer and distributor. The newsletter articulates the advantages of this agreement, noting that SYSCO provides customers with a full spectrum of food product offerings, as well as foodservice equipment and specialty items.
Bradford Miller, Chief Executive Officer of Franchise Capital Corporation, commented, "Franchise Capital Corporation's expansion continues, and our May newsletter nicely reviews the most recent elements of the company's growth. We hope shareholders are pleased with these initial milestones, as we expect them to bring long term value to the company's investment portfolio."
Those interested in receiving the newsletters and other written materials issued by the company are encouraged to sign up to the email-alert system by visiting www.franchisecapitalcorp.com/mailinglist.asp and filling out the required information.
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's Mexican Grill 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.