Franchise Services of North America Inc. announced that it has filed audited annual consolidated financial statements for the fiscal year ended September 30, 2007 ("the 2007 Annual Financial Statements"). Revenue for the combined period was US $18,180,802, and Net Income was US $489,738. These 2007 Annual Financial Statements include thirteen months of U-Save's results and ten months of Practicar Systems, Inc. due to the November, 2006 Business Combination Transaction ("BCT") between U-Save Auto Rental of America, Inc. and the predecessor company, Rent-A-Wreck Capital Inc. Reference is made to the Company's public filings which are available on line at www.sedar.com, which contain a detailed description of the BCT and related financial information.
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