FNHI’S WORKSPORT ADVANCES SHAREHOLDER VALUE WITH THREE U.S. PATENT APPLICATIONS
FNHI APPLICATIONS COVER MOST POPULAR PRODUCTS — TRI FOLD QUATTRO AND FORTE TONNEAU COVERS
Toronto, Ontario, Canada – Oct. 11, 2018 — Franchise Holdings International, Inc. (OTCQB: FNHI), the parent company of Worksport LTD Inc., has progressed to the second stage of the U.S. Patent process for its three most popular products, the Tri Fold, Quattro and Forte truck bed tonneau covers. FNHI CEO Steven Rossi believes that these applications will greatly increase shareholder value, once granted as expected by the company.
FNHI to enhance shareholder value and file three more patent applications in 2018 – total of 10 in near future
FNHI also will file three new patent applications in 2018 that will adapt its proprietary and patented products for new markets which will also contribute to the overal shareholder value and value protection. These include new revenue streams from its growing private label business. There have been continued private label orders from a Canada-wide automotive master warehouse distributor. A major purchaser of private label tonneau/truck bed covers in the U.S. recently has also begun discussions with Worksport.
“When people think of companies to invest in, they often value a company by its patents,” said Rossi. “We have three under review, three more to be filed, and others that will bring us to 10 in the near future. Rossi committed to the 10 patents in his most recent public investor conference. What is growth in business will be determined by the way our proprietary and patented products enhance several revenue streams and achieve ambitious growth targets.”
Franchise Holdings International will update investors continually about investment news, its growth strategy and updates on its patent and trademark applications.
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.
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.
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