SOUTH JORDAN, UT -- Franchise Capital Corp., which recently closed its acquisition of Aero Exhaust, a performance exhaust airflow technology company, has filed a request with the Securities and Exchange Commission, to change the company's name to Aero Performance Products, Inc.
The change to the company's name will most likely result in a change to the company's ticker symbol and CUSIP number. The effective date for the name change and symbol change is Jan. 21.
Franchise Capital's Board of Directors unanimously adopted a resolution seeking shareholder approval to amend the articles of incorporation to change the company's name to Aero Performance Products, Inc. The board believes that the name change will better reflect the nature of the company's current and anticipated operations. Operating under the name Franchise Capital Corp. has reflected the company's prior business of developing and funding restaurant franchise concepts. With the October 2007 acquisition of TTR-HP, Inc., doing business as Aero Exhaust, Inc., Aero became the successor issuer to Franchise Capital Corp. and the operations of Aero became that of the company.
Shareholders will not be required to tender their shares for re-issuance; however, shares that are submitted to the transfer agent for whatever reason will be reissued under the new name and CUSIP number.
"We are pleased to have received shareholder approval to change the company's name to better reflect Aero's business," said Bryan Hunsaker, chief executive officer of Franchise Capital and Aero Exhaust. "We believe that this is a very important step that will allow us to more effectively brand the public company and gain greater attention in the public markets. We also plan to take every opportunity to communicate to the fans of Aero's products in racing and other performance automotive markets that Aero is a public company and that they have the opportunity to consider an investment in Aero at an exciting stage in the company's development."
For more information, visit: http://www.franchisecapitalcorp.net.