PHOENIX, May 26, 2005 (PRIMEZONE) -- Franchise Capital Corporation (OTCBB:FCCN) today announced that it has appointed Transfer Online, Inc., a stock transfer agent, financial services provider and consulting firm, as its transfer agent. Transfer Online supplies stock information and an array of easily accessible online services to both the company and its shareholders.
Transfer Online offers both the traditional services of a transfer agency, as well as integrating new technologies into its business model by providing online account access, e-mail contact information, stock holdings, customizable reports in multiple formats, transfer status, messaging, proxy voting, online invoicing and balance pay, and multiple account management. Shareholders are also able to download forms, ask questions about their stock holdings and use other resources on Transfer Online's Web site, www.transferonline.com. Contact with the Transfer Agent is also still available by telephone during business hours.
The company will also have improved access to stock information accounts, including the ability to view and edit information, view holdings, run detailed customized reports online, issue and retire shares, check the status of transactions online, utilize online messaging, proxy voting, direct online balance pay, and access security listing reports and transaction logs. Franchise Capital Corporation will also be able to utilize Transfer Online's online tracking system, trading board software, an online EDGAR filing service, their web-based 'Stock Offering Wizard' and a host of other services.
Edward C. Heisler, secretary and chief compliance officer for Franchise Capital Corporation, commented, "The move to Transfer Online is designed to not only save the company money in fees, but will also give our shareholders better access to information regarding their Franchise Capital stock holdings and bring the company's stock transfer capabilities into the electronic era. We hope shareholders will take advantage of Transfer Online's broad service offerings and that they find the expanded information to be useful."
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.