Creative Eateries Corporation fka CEAT

[pineyhill]

There was a bit of news this last week that FCCN "sold" a restaurant franchise idea to CEAT.




Franchise Capital Corp. Sells Its Interest in Fit-n-Healthy Market Cafe

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Aug. 18, 2005--Franchise Capital Corp. (OTCBB:FCCN) announced today that its board of directors, with the recommendation of the Investment Committee, voted to sell its interest in Fit-n-Healthy Market Cafe. The concept, which was created earlier this year, and in its early stages of development, was sold to Creative Eateries Corp. (OTCBB:CEAT - News) in the amount of the concept’s current liabilities.

Franchise Capital Corp. President & CEO Edward C. Heisler stated, "The sale of Fit-n-Healthy Market Cafe is clearly a win-win for both Franchise Capital and Creative Eateries corporations. For Creative Eateries Corp., this is a great concept for them to grow and develop. Franchise Capital may consider reinvesting in this concept further down the road." Heisler continued by saying, "For Franchise Capital Corp., the sale of Fit-n-Healthy Market Cafe helps the company in its effort to not only relieve it of its liabilities, but in this case the company even made a small profit. It also allows us to focus more on our other four concepts which we believe is more important at this stage for Franchise Capital Corp."

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SCOTTSDALE, Ariz.--(BUSINESS WIRE)--July 19, 2005--Franchise Capital Corp. (OTCBB:FCCN - News) is pleased to announce that Frank Holdraker has been appointed president of Kokopelli Franchise Company LLC.
Holdraker was president/owner of Franklin & Associates from 1989-2004, a full-service concept development company. He helped develop for La Salsa, Fresh Mexican Grill, their franchise program, the manufacture of proprietary products, and the establishment of purchasing and distribution procedures. From 1986-1989 Holdraker was president and CEO of Ponderosa Inc., a 750-unit steakhouse chain. From 1980-1986 he was senior vice president of Coulter Enterprise, a major multi-state Pizza Hut franchisee. Prior to that he was vice president of Pizza Hut from 1974-1980.

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http://www.creativeeateries.com/aboutUs.htm


This basically says that Frank Holdraker is CEO of CEAT.
Is it just me or is there something funny about this.