PHOENIX, March 18, 2005 (PRIMEZONE) -- Franchise Capital Corporation (OTCBB:FCCN) today announced that portfolio investment Kokopelli Mexican Grill Franchise Company LLC, operator and franchiser of Kokopelli Mexican Grill, a fast-casual Sonoran restaurant, has entered into an agreement with the Beilman Wensing Group, the premier procurement service company specializing in the U.S. food industry, to help negotiate and monitor its purchasing agreements with major food and supply distribution vendors.
The Beilman Wensing Group (BWG) was formed in 2001 by four former wholesale distribution executives with more than 75 years of experience in the industry. BWG's growing list of clients includes restaurants, bakeries, major supermarket chains, hotels, food processors and other large buyers of food and packaging products. The Beilman Wensing Group negotiates purchasing programs on behalf of its client companies and implements these programs with primary suppliers. The Beilman Wensing Group also conducts regular auditing of vendors/suppliers to ensure compliance with agreed upon prices.
Bradford Miller, Chief Executive Officer of Franchise Capital Corporation, commented, "We are pleased to have a group with the reputation and profile of the Beilman Wensing Group working on behalf of Kokopelli Mexican Grill Franchise Company LLC. Their system is structured to ensure that Kokopelli franchises will have a greater measure of control over their purchasing dollars while producing permanent savings. The audit component brings another measure of confidence that Kokopelli will be monitoring and controlling costs, which can have a significant impact on a company's bottom line. With their extensive experience in the foodservice distribution business, the Beilman Wensing Group has extensive knowledge of the supplier/restaurant relationship and can help Kokopelli franchises maximize their revenue potential."
More information regarding the Beilman Wensing Group and its unique Cost Plus Verifiable model can be found at www.thebwg.com.
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.