Franchise Capital Corporation Announces New Stock Symbol and Reverse Stock Split.PHOENIX -- Franchise Capital Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BGRN) today announced that the company's stock symbol has changed to FCCN FCCN Fundacao para a Computacao Cientifica Nacional (OTCBB:FCCN) and its one-for-ten reverse stock split has become effective. On December 16, 2004, a majority of the company's shareholders voted to approve several amendments to its Articles of Incorporation The document that must be filed with an appropriate government agency, commonly the office of the Secretary of State, if the owners of a business want it to be given legal recognition as a corporation. , including a name change from BGR BGR Bundesanstalt für Geowissenschaften und Rohstoffe (in Federal Republic of Germany) BGR Bulgaria (ISO Country code) BGR Blue Green Red (uncommon variant of RGB) Corporation to Franchise Capital Corporation and a one-for-ten reverse split of the company's common stock. "With the proposed amendments now approved and a stock symbol that more accurately reflects the company's new name assigned, Franchise Capital Corporation plans to move forward to execute a business strategy designed to provide real value for its shareholders. We are committed to communicating with the public markets on a consistent basis and will focus on articulating both the broader business strategy, as well as more detailed milestones as they occur," commented Brad Miller, Chief Executive Officer of Franchise Capital Corporation. About Franchise Capital Corporation: Franchise Capital Corporation, formerly BGR Corp., a franchise development company headquartered in Phoenix, was formed with the intent of building a restaurant concept company through emerging and undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. franchise concepts. Its management and advisory team is comprised of individuals with significant experience in the franchise industry, including restaurant operations, franchise sales, information technology, marketing and advertising. The company also has advisory relationships with a number of specialists in the areas of real estate, food purchasing and distribution, furniture and equipment purchasing, and legal provisioning. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 those set forth in the company's report on Form 10-KSB for fiscal year 2004 filed with the Securities and Exchange Commission. |
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