FNHI Investor Starter Kit.........................
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(Total Views: 4553)
Posted On: 02/23/2017 4:09:25 PM
FNHI Investor Starter Kit .................................
Company had only 2 small notes and those notes are about done and waiting on 8k confirmation any day now
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.
As announced previously, FNHI is working with GunPowder capital to list their OTC stock in Canada on the Canadian Stock Exchange (CSE) – from there the plan to raise capital to drive 2017/18 revenues towards their projections of between $5,000,000 to $10,000,000 which is very realistic given the record sales projected for Pickup trucks
From FNHI's investor relations: "Our CSE listing has moved along rather nicely. We submitted our original prospectus in late 2016 and received a comment letter from the OSC early, 2017. As a result, we are waiting to conclude our 2016 FYE audit before we respond to our OSC comment letter as the 2016 audited financials will be required ...may be listed within early Q2, 2017" Any substantive information will be shared via OTC disclosure services and, again, we intend to keep our shareholders well updated going forward."
Files non offering prospectus for CSE listing
Franchise Holdings International, Inc. (FNHI) has filed its preliminary non-offering prospectus with Ontario Securities Exchange Commission (OSC). The filing is required in order for FNHI to qualify in becoming a reporting issuer on the Canadian Securities Exchange (CSE).
The OSC has been designated as FNHI's principal regulator, and it is anticipated that the review of the preliminary non-offering prospectus will take approx. 10 - 20 business days.
"Once we obtain a CSE listing, we plan to raise capital hoping to grow Truxmart's revenues to our $50,000,000 target," Rossi said.
Truxmart will also be resuming development of the new Alpha and Alpha Helios tonneau cover. The Helios cover, capable of producing up to 400 watts of electrical current through three-four solar panels, will be designed to work with the electric and electric hybrid light duty trucks, now creating a presence in the market. These trucks feature Li-ion battery packs coupled to an internal combustion generator delivering 80 miles of all-electric driving and extended range with hybrid efficiency. Patented and ready for final development, the Helios cover will open the way for Truxmart to work with these manufacturers who will be a growing factor in the marketplace within one-two years.
"Truxmart is entering a more rapid phase in its growth and development," said Rossi. "With new directors providing expert counsel, an expected CSE listing and products expected to provide an entry to the important electric and electric hybrid light truck sector, we believe we will be able to capitalize on more and more opportunities globally."
http://www.otcmarkets.com/stock/FNHI/news/Fra...78&b=y
Franchise Holdings International Announces New Officer and Corporate Update
Truxmart LTD Inc. (OTCQB: FNHI), a wholly owned subsidiary of Franchise Holdings International, Inc., is announcing three key developments that are designed to help execute its strategic growth plan aimed at market leadership in tonneau covers for the light truck market.
As a first development, Truxmart has appointed Michael Johnston as Interim CFO. Mr. Johnston CA, CPA, a graduate of the University of Western Ontario, is a partner at Toronto's Forbes Andersen LLP, Chartered Professional Accountants, and offers over 12 years of experience with both private and public companies.
"Michael Johnston is the second high quality director to join our board recently," commented Steve Rossi, Truxmart president. "We previously announced the addition of Paul Haber, CA, the CFO of Gunpowder Capital, and now Michael Johnston will provide his expertise to us as well. These two appointments reflect Truxmart's need for expert advice as it enters global markets with its innovative tonneau covers."
In addition, Franchise Holdings International, Inc. (FNHI) has filed its preliminary non-offering prospectus with Ontario Securities Exchange Commission (OSC). The filing is required in order for FNHI to qualify in becoming a reporting issuer on the Canadian Securities Exchange (CSE).
The OSC has been designated as FNHI's principal regulator, and it is anticipated that the review of the preliminary non-offering prospectus will take approx. 10 - 20 business days.
"Once we obtain a CSE listing, we plan to raise capital hoping to grow Truxmart's revenues to our $50,000,000 target," Rossi said.
Truxmart will also be resuming development of the new Alpha and Alpha Helios tonneau cover. The Helios cover, capable of producing up to 400 watts of electrical current through three-four solar panels, will be designed to work with the electric and electric hybrid light duty trucks, now creating a presence in the market. These trucks feature Li-ion battery packs coupled to an internal combustion generator delivering 80 miles of all-electric driving and extended range with hybrid efficiency. Patented and ready for final development, the Helios cover will open the way for Truxmart to work with these manufacturers who will be a growing factor in the marketplace within one-two years.
"Truxmart is entering a more rapid phase in its growth and development," said Rossi. "With new directors providing expert counsel, an expected CSE listing and products expected to provide an entry to the important electric and electric hybrid light truck sector, we believe we will be able to capitalize on more and more opportunities globally."
http://www.otcmarkets.com/stock/FNHI/news/Fra...78&b=y
Franchise Holdings International Achieves Blue Sky Compliance
With Blue Sky compliance, the Company significantly expanded its investment universe, as many more broker-dealers can purchase and recommend its stock. Our goal is to build the company and to do that we must be more widely traded. Blue Sky compliance secures a much larger potential investor base. This is a significant milestone and a great start to our expansion plans,a stated Steven Rossi, CEO of Franchise Holdings International.
U.S. Blue Sky laws protect investors from fraud as broker-dealers may not legally recommend, solicit or discuss non Blue Sky compliant securities with clients unless they comply with the investor's state of residence Blue Sky regulations in addition to federal securities laws. Blue Sky compliance, mandatory for the 280,000+ U.S. registered investment advisors, enables them to more transparently advise, discuss, or recommend stocks to investor clients.
http://www.otcmarkets.com/stock/FNHI/news/Fra...23&b=y
FNHI Has Financing in Place No Need for Convertibles Again
FNHI a wholly owned subsidiary, Truxmart Inc., has agreed to receive from Gunpowder inventory financing.
Truxmart manufactures and sells a full range of after-market pickup truck tonneau covers. Gunpowder has agreed to loan up to $500,000 ($50,000 immediately, $450,000 post CSE listing subject to certain terms and conditions) to fund inventory purchases, and to support growth. The loan will bear interest at 18% per annum with interest payable monthly. Each advance will be due two years from the date it is issued.
http://www.otcmarkets.com/stock/FNHI/news/Fra...96&b=y
Company had only 2 small notes and those notes are about done and waiting on 8k confirmation any day now
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.
As announced previously, FNHI is working with GunPowder capital to list their OTC stock in Canada on the Canadian Stock Exchange (CSE) – from there the plan to raise capital to drive 2017/18 revenues towards their projections of between $5,000,000 to $10,000,000 which is very realistic given the record sales projected for Pickup trucks
From FNHI's investor relations: "Our CSE listing has moved along rather nicely. We submitted our original prospectus in late 2016 and received a comment letter from the OSC early, 2017. As a result, we are waiting to conclude our 2016 FYE audit before we respond to our OSC comment letter as the 2016 audited financials will be required ...may be listed within early Q2, 2017" Any substantive information will be shared via OTC disclosure services and, again, we intend to keep our shareholders well updated going forward."
Files non offering prospectus for CSE listing
Franchise Holdings International, Inc. (FNHI) has filed its preliminary non-offering prospectus with Ontario Securities Exchange Commission (OSC). The filing is required in order for FNHI to qualify in becoming a reporting issuer on the Canadian Securities Exchange (CSE).
The OSC has been designated as FNHI's principal regulator, and it is anticipated that the review of the preliminary non-offering prospectus will take approx. 10 - 20 business days.
"Once we obtain a CSE listing, we plan to raise capital hoping to grow Truxmart's revenues to our $50,000,000 target," Rossi said.
Truxmart will also be resuming development of the new Alpha and Alpha Helios tonneau cover. The Helios cover, capable of producing up to 400 watts of electrical current through three-four solar panels, will be designed to work with the electric and electric hybrid light duty trucks, now creating a presence in the market. These trucks feature Li-ion battery packs coupled to an internal combustion generator delivering 80 miles of all-electric driving and extended range with hybrid efficiency. Patented and ready for final development, the Helios cover will open the way for Truxmart to work with these manufacturers who will be a growing factor in the marketplace within one-two years.
"Truxmart is entering a more rapid phase in its growth and development," said Rossi. "With new directors providing expert counsel, an expected CSE listing and products expected to provide an entry to the important electric and electric hybrid light truck sector, we believe we will be able to capitalize on more and more opportunities globally."
http://www.otcmarkets.com/stock/FNHI/news/Fra...78&b=y
Franchise Holdings International Announces New Officer and Corporate Update
Truxmart LTD Inc. (OTCQB: FNHI), a wholly owned subsidiary of Franchise Holdings International, Inc., is announcing three key developments that are designed to help execute its strategic growth plan aimed at market leadership in tonneau covers for the light truck market.
As a first development, Truxmart has appointed Michael Johnston as Interim CFO. Mr. Johnston CA, CPA, a graduate of the University of Western Ontario, is a partner at Toronto's Forbes Andersen LLP, Chartered Professional Accountants, and offers over 12 years of experience with both private and public companies.
"Michael Johnston is the second high quality director to join our board recently," commented Steve Rossi, Truxmart president. "We previously announced the addition of Paul Haber, CA, the CFO of Gunpowder Capital, and now Michael Johnston will provide his expertise to us as well. These two appointments reflect Truxmart's need for expert advice as it enters global markets with its innovative tonneau covers."
In addition, Franchise Holdings International, Inc. (FNHI) has filed its preliminary non-offering prospectus with Ontario Securities Exchange Commission (OSC). The filing is required in order for FNHI to qualify in becoming a reporting issuer on the Canadian Securities Exchange (CSE).
The OSC has been designated as FNHI's principal regulator, and it is anticipated that the review of the preliminary non-offering prospectus will take approx. 10 - 20 business days.
"Once we obtain a CSE listing, we plan to raise capital hoping to grow Truxmart's revenues to our $50,000,000 target," Rossi said.
Truxmart will also be resuming development of the new Alpha and Alpha Helios tonneau cover. The Helios cover, capable of producing up to 400 watts of electrical current through three-four solar panels, will be designed to work with the electric and electric hybrid light duty trucks, now creating a presence in the market. These trucks feature Li-ion battery packs coupled to an internal combustion generator delivering 80 miles of all-electric driving and extended range with hybrid efficiency. Patented and ready for final development, the Helios cover will open the way for Truxmart to work with these manufacturers who will be a growing factor in the marketplace within one-two years.
"Truxmart is entering a more rapid phase in its growth and development," said Rossi. "With new directors providing expert counsel, an expected CSE listing and products expected to provide an entry to the important electric and electric hybrid light truck sector, we believe we will be able to capitalize on more and more opportunities globally."
http://www.otcmarkets.com/stock/FNHI/news/Fra...78&b=y
Franchise Holdings International Achieves Blue Sky Compliance
With Blue Sky compliance, the Company significantly expanded its investment universe, as many more broker-dealers can purchase and recommend its stock. Our goal is to build the company and to do that we must be more widely traded. Blue Sky compliance secures a much larger potential investor base. This is a significant milestone and a great start to our expansion plans,a stated Steven Rossi, CEO of Franchise Holdings International.
U.S. Blue Sky laws protect investors from fraud as broker-dealers may not legally recommend, solicit or discuss non Blue Sky compliant securities with clients unless they comply with the investor's state of residence Blue Sky regulations in addition to federal securities laws. Blue Sky compliance, mandatory for the 280,000+ U.S. registered investment advisors, enables them to more transparently advise, discuss, or recommend stocks to investor clients.
http://www.otcmarkets.com/stock/FNHI/news/Fra...23&b=y
FNHI Has Financing in Place No Need for Convertibles Again
FNHI a wholly owned subsidiary, Truxmart Inc., has agreed to receive from Gunpowder inventory financing.
Truxmart manufactures and sells a full range of after-market pickup truck tonneau covers. Gunpowder has agreed to loan up to $500,000 ($50,000 immediately, $450,000 post CSE listing subject to certain terms and conditions) to fund inventory purchases, and to support growth. The loan will bear interest at 18% per annum with interest payable monthly. Each advance will be due two years from the date it is issued.
http://www.otcmarkets.com/stock/FNHI/news/Fra...96&b=y
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