Aero Performance Products Inc (fka AERP)

[Stayeven]

NEWS

Jun 28, 2007 09:18 ET

Franchise Capital Corporation Issues Statement From Aero Exhaust CEO

Franchise Capital Website
Aero Exhaust Website

TEMECULA, CA--(Marketwire - June 28, 2007) - Franchise Capital Corporation (PINKSHEETS: FCCN) today issued a statement from Bryan Hunsaker, chief executive officer of Aero Exhaust, Inc., in which he addresses the rescheduling of the close of Franchise Capital's acquisition of Aero Exhaust.

Aero Exhaust mufflers are an exclusive NASCAR Performance product and carry the prestigious NASCAR brand on product, packaging and related media.

Franchise Capital recently announced that in order to report the most complete and accurate picture of Aero Exhaust's financial condition when the company is introduced to the public markets, the close of Franchise Capital's acquisition of Aero has been rescheduled. A new closing date is expected to be announced in the next several weeks.

By rescheduling the anticipated close of the acquisition, Franchise Capital and Aero Exhaust believe that a more accurate representation of the sales impact of ongoing new product rollouts can be included in Aero's financial results that will be disclosed as part of the closing process.

Mr. Hunsaker stated, "It was determined that in order to continue with our schedule of product rollouts and to have a full representative quarter of financials that include the sales of these new products, rescheduling the close of Aero's acquisition by Franchise Capital would be in the best interests of both companies' shareholders.

"I would like to reiterate that Aero Exhaust is 100% committed to the acquisition. The rescheduling was done to ensure the best possible timing to deliver value for shareholders on both sides of the transaction. Based on our knowledge of the automotive industry, particularly the segments that are the target of Aero product lines, we believe that our introduction to the public markets will be much more effective with the proper timing of the close," said Mr. Hunsaker.

"I would also like to assure Franchise Capital shareholders that Aero management is planning to continue the levels of transparency and communication established by Franchise Capital's management team, headed by Steve Peacock. We will provide as much insight as possible on the operations of Aero, so that Franchise Capital shareholders, who we view as an important part of our future shareholder base, can become more familiar with our business and its upside potential," continued Mr. Hunsaker.

"Finally, I would like to thank Franchise Capital shareholders for their patience as we complete the steps necessary to ensure the best possible launch of Aero as a public company. More information on the close will be forthcoming, and I look forward to communicating directly with them in the coming weeks. This will likely include future interviews with questions submitted by shareholders and other similar forums," Mr. Hunsaker added.

To sign up to receive information by email directly from Franchise Capital Corporation whenever new press releases, investor newsletters, SEC filings, and other new material is issued by the company, please visit http://www.franchisecapitalcorp.net.

About Aero Exhaust:

Aero Exhaust is a world leader in performance exhaust airflow technology, manufacturing and distributing the most technologically advanced muffler on the market. Its product lines are built to the highest industry standards and offer the consumer a lifetime warranty. Aero Exhaust has been issued U.S. and Australian patents on its innovations and development in the exhaust industry, and its mufflers are available worldwide through major retailers, mass merchant centers, automotive aftermarket supply stores and wholesalers. Aero Exhaust mufflers are an exclusive National Association for Stock Car Auto Racing (NASCAR) Performance product and carry the prestigious NASCAR brand on product, packaging and related media. NASCAR legend Rusty Wallace is the official spokesperson for Aero Exhaust products. Additional information on Aero Exhaust's products, race team, and motorsports ventures can be found on its corporate web site, www.aeroexhaust.com.

Safe Harbor Statement: The statements in this release that relate to future plans, expectations, events, performance and the like are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Actual results or events could differ materially from those described in the forward-looking statements due to a variety of factors, including the lack of funding, inability to complete required SEC filings, and others set forth in the Company's report on Form 10-K/A for fiscal year 2005 filed with the Securities and Exchange Commission.

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