Truxmart Corporate Update
TORONTO, ON — (Marketwired) — 10/14/15 — Truxmart Tonneau Covers, Inc., (Truxmart) a wholly owned subsidiary of Franchise Holdings International, Inc. (OTCQB: FNHI), is pleased to provide shareholders with an update on corporate operations during the year.
During the past year, Franchise Holdings completed the acquisition of Truxmart, a company that designs, develops, and manufactures innovative and functional pick up truck bed covers, commonly referred to as Tonneau Covers.
Truxmart manufactures bed covers for all makes and models of pick up trucks in North America. The Truxmart Tri-Fold and Smart-Fold, Truxmart’s best selling products, provide customers a quality bed cover at a lower cost than similar competing products.
Truxmart recently launched the Quattro, Forte, and Smart Roll covers, built using the highest grade materials and providing our customers with more functional usage of their trucks bed.
“It has been an extremely exciting year for us at Truxmart,” said Steven Rossi, President and CEO of Truxmart. “From moving in to the public markets and the launch of multiple new products that have been extremely well received by our vendors, we believe we have positioned the company for substantial growth over the near term. We are currently planning the launch of two new products in the coming weeks that we believe are ground breaking in our space,” Mr. Rossi continued.
Also, over the past year, Truxmart has expanded its distribution network throughout North America, adding some of the largest distributors of automotive accessories in the United States and Canada.
The company will continue to provide shareholders with regular updates on the progress and growth of its business in the coming months and is planning a formal name change in the near future.
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 October 14, 2015