ORDERS FOR CUSTOM TONNEAU COVERS FROM CUSTOMER NOW EXCEED $200,000 USD
Toronto, Ontario, Canada, Oct. 01, 2018 (GLOBE NEWSWIRE) -- Franchise Holdings International, Inc. (OTCQB: FNHI), the parent company of Worksport LTD Inc., has received a second private label order from a Canada-wide automotive master warehouse distributor resulting from a successful growth strategy. Worksport custom-developed the proprietary and patented tonneau cover, modifying one of its principal products. Orders from this industry leader now exceed U.S. $200,000. They are expected to continue and grow significantly throughout the year, said Worksport CEO Steven Rossi. Positioning Worksport for a strong end to 2018 and trending towards a record 2019. Worksport is an innovative manufacturer of high quality, functional, and aggressively priced tonneau/truck bed covers for the light truck market with a new and innovating growth strategy.
“We are very proud of this second private label order from one of one of Canada’s largest master warehouse distributors of automotive accessories directly following a growth investment in FNHI,” said Rossi. “It is a testimony to the demand for our proprietary and patented tonneau covers. The product’s quality and its innovative characteristics were clearly evident to end users. We expect more orders in the near future as a direct result of our innovative growth strategy.”
Private label manufacturing: a factor in future Worksport growth strategy
Private label manufacturing will be a large factor in our ambitious future growth strategy, noted Rossi. “This buyer enjoys sales of several hundred million dollars. They have been a leader in the industry since the 1960s. With warehouse locations in every major Canadian city, totaling millions of square feet,” Rossi added. “Its catalog includes thousands of light truck and trailer products, to a fast-growing private label line of car and truck accessories. They are distributed by the company’s own logistics organization. Consumers see their trucks every day on highways across North America.”
Unsolicited inquiry begins new Worksport U.S. sales effort
A major purchaser of private label tonneau/truck bed covers in the U.S. recently has also begun discussions with Worksport. The U.S. company is now sampling and testing Worksport’s proprietary and patented tonneau covers. It believes they display much higher quality than its present, well-known supplier, Rossi said. “FNHI has recently secured the rights to use the Worksport label and logo in the U.S.,” Rossi added. “The new private label discussions are a direct result of our ability to revive and grow our sales in the U.S. These two developments demonstrate the momentum that’s occurring across the continent and show the beginning of a successful growth strategy.”
Rossi said that FNHI will update investors continually as these relationships expand.
Forward-Looking Statements
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