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June 21, 2006
News from CNW Group
Franchise Bancorp Inc. -
TSX Symbol: FBI
Outstanding Common Shares: 7,432,662
TORONTO, June 21 /CNW/ - Mr. Edward K. Loyst, Chairman and the major shareholder of Franchise Bancorp Inc., announced today that the company is not for sale. In recent months, the company did explore the possible sale of individual divisions - Living Lighting Inc., Global Pet Food Stores Inc. and LIV Canada Gift Group Inc., to create increased shareholder value. This initiative has created trade rumours that divisions are being sold off. This news release is to clarify that no division has been sold and there are no offers pending at this time.
For further information: visit our website: www.franchisebancorp.com, or contact: Ted Loyst, Chairman, or Paul Thomson, President, Franchise Bancorp Inc., (905) 790-9023, Toll: 1-866-463-4124, info@franchisebancorp.com
© CNW Group
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