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Franchise Services of North America announces CFO resignation

TSX-V Trading Symbol: FSN

RIDGELAND, MS, Feb. 19, 2014 /PRNewswire/ - FRANCHISE SERVICES OF NORTH AMERICA INC. ("FSNA" or the "Company") (FSN.V) announces that David Mitchell has resigned his position as Chief Financial Officer of the Company to pursue other opportunities. FSNA would like to thank Mr. Mitchell for his contributions to the Company and wishes him the best with future endeavours.  The Board of Directors has appointed Ashley Chambliss as Interim Chief Financial Officer.  Mrs. Chambliss has served as the Company's Controller since November 2006 and has previously served as Interim Chief Financial Officer of the Company.  Mrs. Chambliss's appointment is subject to the approval of the TSX Venture Exchange.

About FSNA

FSNA is a publicly traded company listed on the TSX Venture Exchange. The Company and its subsidiaries own the following brands: Advantage Rent A Car, U-Save Car & Truck Rental® ("U-Save"), U-Save Car Sales, Rent-A-Wreck of Canada, PractiCar, Auto Rental Resource Center ("ARRC"), Xpress Rent A Car and Peakstone Financial Services.

U-Save, together with its subsidiary ARRC, has over 900 locations throughout the United States and is one of North America's largest franchise car rental companies. U-Save currently services 19 airport markets in 13 different states. Although primarily based in the United States, U-Save has 18 international locations in Mexico, Greece, the Middle East, Latin America, and the Caribbean.

Practicar Systems Inc. owns the rights to the Rent-A-Wreck® and the PractiCar® trademarks for all of Canada. The Rent-A-Wreck® system operates a network of 61 franchise locations from coast-to-coast in Canada, providing a range of vehicle rental, leasing and sales options to its customers. The Rent-A-Wreck® system has been in continuous operation in Canada since 1976.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Franchise Services of North America Inc.

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