Truxmart Announces Expansion Into Latin America
TORONTO, ON — (Marketwired) — 12/07/15 — Truxmart Tonneau Covers, Inc. (Truxmart), a wholly owned subsidiary of Franchise Holdings International (OTCQB: FNHI), is pleased to announce that Truxmart has expanded its distribution reach to multiple countries in Latin America.
In November of this year, Truxmart participated in The SEMA Show, the largest aftermarket auto accessory show in the world. As an exhibitor for two years now, participating in The SEMA Show has provided Truxmart with invaluable exposure to global distribution and entrenched Truxmart as provider of quality products that put the company on par with the largest legacy competitors.
Through its participation at The SEMA show, Truxmart has developed distribution opportunities in Mexico, Chile, Ecuador and Peru. These distribution relationships will acquire and distribute Truxmart’s existing products along with OEM production models for these markets.
Truxmart expects revenue from these distribution relationships to be reflected in the first quarter of 2016.
“We are, once again, thrilled with the response received at The SEMA show this past November,” said Steven Rossi, President of Truxmart. “While continuing to build on the strong distribution channels we have in North America, we now have additional markets we are adding to our portfolio. Demand for our products continues to grow and we look forward to a strong 2016,” continued Mr. Rossi.
Truxmart will continue to provide regular updates on the growth of the Company in the coming weeks and months.
For more information on Truxmart, please visit www.truxmartcovers.com.
About Franchise Holdings International.
Truxmart, Franchise Holdings International’s wholly owned subsidiary, was founded in 2011 to take advantage of the limited innovation provided by existing tonneau cover manufacturers. Tonneau covers have remained much the same in price and design since 2005 with one main company controlling a majority of the tonneau cover market. This dynamic market segment is in need of a new innovative manufacturer of high quality, functional, and aggressively priced tonneau covers. Truxmart has developed multiple products for all of the most prominent pick up trucks available in North America. Details of most products can be found at www.truxmartcovers.com. Truxmart sells its products through master warehouse distributors, dealers, and online retailers in Canada and the U.S.
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 International, 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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Source: Franchise Holdings International, Inc.
Released December 7, 2015