WORKSPORT TO RECEIVE 1,100 UNITS DESTINED FOR U.S. MARKET, VALUED AT $203,000 USD.
Toronto, Ontario, Canada, Oct. 08, 2018 (GLOBE NEWSWIRE) -- Franchise Holdings International, Inc. (OTCQB: FNHI), the parent company of Worksport LTD Inc., will shortly be receiving 1,100 units of its popular Trifold model in the U.S. This inventory will generate up to U.S. $203,000 in revenue for the company, expected within October to November, 2018. Arriving from Worksport’s proprietary overseas manufacturing facilities, the units are bound for the U.S. market. Worksport is also pleased to announce it now has a total of $189,438 in booked orders waiting to be filled, with new ordering arriving daily. Worksport is a growing company and expects to clear all back orders and grow revenues into 2019.
The shipments come shortly after FNHI secured the use of the Worksport name and logo for the U.S. market. This development paved the way to begin a dedicated U.S. sales effort.
EXPLOSIVE SALES TREND
“Worksport is experiencing an explosive sales trend,” said FNHI CEO Steven Rossi. “We are trending towards a record-breaking quarter. We are now ramping up manufacturing to stock as much product as possible. There is high demand and we intend to fulfill and sustain it, especially in the U.S. Orders are rising and coming in daily. Inventory is critical with our business model, demand has never been higher”. More investment news about the high demand is soon to be expected.
Rossi stated that the flood of new U.S. orders was a ‘direct result of securing the Worksport name for the U.S, Canada, and China.
Rossi added,“With proprietary and patented Worksport branded product and new custom private label designs, we will be bringing in thousands of units. With the U.S. market now open to us, and our brand name secure, it’s a major move forward.”
Rossi also said that FNHI believes that in Q4 it will be successful in achieving its Canadian Securities Exchange listing. This is expected to occur after approval of its non-offering prospectus with the Ontario Securities Exchange, which the company expects to file very soon.
UPDATES ABOUT NEW INVESTMENT NEWS
Franchise Holdings International will update investors continually about investment news, the growth strategy, and progress on discussions with new private label and distribution clients.
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 Worksport
Worksport is an innovative manufacturer of high quality, functional, and aggressively priced tonneau/truck bed covers for light trucks like the F150, Sierra, Silverado, Canyon, RAM, and Ford F-Series. Worksport is a fully owned subsidiary of Franchise Holdings International and currently the main revenue force.
About Franchise Holdings International
Please visit our website to read more about Franchise Holdings International, our revenue growth and our future expectations:
https://www.FranchiseHoldingsInternational.com
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https://FranchiseHoldingsInternational.com/contact-us/
OTCQB:FNHI