Update: FNHI IN DISCUSSIONS WITH TECH COMPANY. WORKSPORT RECORD SETTING MONTH FOR ORDERS
Toronto, Ontario, Dec. 03, 2018 (GLOBE NEWSWIRE) -- Worksport LTD, Franchise Holding International Inc’s (OTCQB:FNHI) wholly owned subsidiary is pleased to announce final November product orders. As released on November 20th, 2018, Worksport had received a total of $432,024 in orders. Those figures were subsequently updated on November 29th, 2018 to be $600,490.
Worksport is proud to announce that during the month of November, 2018; Worksport received a total of US $865,218 in purchase orders, with approximately $51,288 having been recently invoiced. This leaves Worksport with a total of US $813,930.56 in outstanding orders waiting to be invoiced and shipped to their respective buyers.
“We are thrilled to finally be able to show our revenue potential to shareholders, investors, and those who are watching Worksport grow and flourish.” said Worksport CEO Steven Rossi. “We have invested countless hours in development of our product offering with an internal mandate towards ethical growth and strong partnerships. I believe we’re are just beginning our growth curve and the best is yet to come for Worksport, FNHI, our investors, and our amazing customers.”
The items on order are currently in production at Worksport’s manufacturing facilities and are shipping as production orders are completed.
Worksport has started the development of additional new and innovative models of tonneau covers geared towards better complimenting the innovative and well featured trucks being sold today. Monetization of these models is expected mid-2019.
FNHI initiated investment discussions with San Francisco based technology corporation
FNHI’s CEO, Steven Rossi, is also presently in initial discussions with a San Francisco, CA based technology corporation. The discussions relate to FNHI’s direct investment in the companies software infrastructure, which currently is growing globally. Management will update shareholders when the investment opportunity has been discussed in more detail.
About Worksport Ltd
Worksport Ltd., a fully owned subsidiary of Franchise Holdings International. Inc. (OTCQB:FNHI) 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. For more information please visit
About Franchise Holdings International (OTCQB:FNHI)
Listed on the OTCQB Market under the trading symbol “FNHI” and currently in the process of a dual listing on a Canadian Stock Exchange, Franchise Holdings International’s strategy is to acquire business in the fastest growing business segments and to create shareholder value in the process. Once a business of interest is acquired, our mission is to further develop and accelerate the growth for all of our acquired subsidiaries. Currently the Corporation has one fully owned subsidiary, Worksport Ltd.
Forward-Looking Statements
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. No Stock Exchange or Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
For further information please contact:
Mr. Steven Rossi
CEO & Director
Franchise Holdings International (OTCQB:FNHI)
.
T: 1-888-554-8789
E:
Website:
