LEGAL COUNSEL GIVES GREEN LIGHT FOR GOOD INVESTMENT IN ROLLING OUT WORKSPORT NAME
Toronto, Ontario, Canada, Sept. 27, 2018 (GLOBE NEWSWIRE) -- Franchise Holdings International, Inc. (OTCQB: FNHI), the parent company of Worksport LTD Inc., has submitted applications to secure the Worksport word and logo mark in the U.S., China and Canada. Legal counsel has cleared Worksport to begin sales in its markets under the new Worksport trademark. Sales efforts will begin immediately with strong Q4 revenues forecasted, as a result. 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 expects to be awarded U.S. logo in Q4 2018
“We believe finally owning the word and logo mark in the U.S. indicates a strong end to the fiscal year. We have now been successful in having the trademark revoked from its previous registrant. Pursuing the trademark Worksport turned out to be a good investment. Owning it will be a major milestone for FNHI and Worksport, its wholly owned subsidiary,” said FNHI CEO Steven Rossi. “We succeeded against all odds.”
Trademark applications on file in Canada and China – a growth investment
FNHI’s good investment in China is especially promising. “The Chinese market of 1.3 billion people is the world’s largest. When these logos are awarded, it will mean a total of six granted word and logo marks. We are awaiting confirmation from our trademark agent in China. This will tell us that the application has been successfully filed. We also hope to hear from the Canadian trademark office soon.”
Worksport management will now begin rolling out its proprietary and aggressive strategy for strong revenue growth in the U.S, Canadian, and Latin American markets in both the automotive SEM (Specialty Equipment Market/Aftermarket) and with Original Vehicle Equipment Manufacturers.
Management will issue press releases with updates on when the trademarks are granted in each country, as expected.
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.
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