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Alias Born 01/02/2007

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Friday, 02/16/2007 8:11:26 AM

Friday, February 16, 2007 8:11:26 AM

Post# of 162847
FCCN- must read
Shares issued to Golden Gate Investors are held in an escrow account. The escrow agreement provides that any shares held in escrow are voted by the Franchise Capital Corporation Chairman of the Board of Directors. Since Golden Gate Investors has neither the right to vote the shares nor the right to dispose of them, Golden Gate Investors does not meet the definition of beneficial ownership of the escrow shares.

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