Toronto, Ontario, Canada, Sept. 20, 2018 (GLOBE NEWSWIRE) -- Franchise Holdings International, Inc. (OTCQB: FNHI), the parent company of Worksport LTD Inc. has received private growth investment for inventory growth totaling $175,000 U.S from two investors. They stepped forward independently. FNHI will use the funds primarily to purchase four containers of its Worksport products. Worksport is an innovative manufacturer of high quality, functional, and aggressively priced tonneau/truck bed covers for the light truck market.
More private FNHI investors expected
“This is just a start,” said CEO Steven Rossi. “We believe more private individuals and believers in the company will help with inventory growth. We like that they researched the company, and were not known to us. Then they expressed interest in a growth investment for FNHI. It made us very proud that we did not solicit the investments in any way.”
Worksport to purchase four containers for inventory growth
Rossi said that inventory growth is part of the ambitious Worksport growth mandate. “In the next 90 days, given our enviable margins, the inventory growth is expected to return at least twice the investment,” Rossi said. “Our products are seriously in demand.”
“We have built a community and are very flattered by this new development, allowing inventory growth.” Rossi said. “Investors are aware that we have gotten our regulatory filings in order and up to date. They know FNHI has been uplisted to the OCTQB market. It all means a lot to our future.” “The momentum is happening,” Rossi added. “Inventory growth is just the beginning.”
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.
About Franchise Holdings International
Please visit our website to read more about Franchise Holdings International, our revenue growth and our future expectations from this growth investment:
https://www.FranchiseHoldingsInternational.com
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https://FranchiseHoldingsInternational.com/contact-us/