FRANCHISE HOLDINGS INTERNATIONAL (OTCQB:FNHI) SUBMITS APPLICATION TO SECURE WORKSPORT TRADEMARK AND LOGO IN U.S., CHINA AND CANADA
LEGAL COUNSEL GIVES GREEN LIGHT FOR GOOD INVESTMENT IN ROLLING OUT WORKSPORT NAME
Toronto, Ontario, Canada, Sept. 27, 2018 (GLOBE NEWSWIRE) -- Franchise Holdings International, Inc. (OTCQB:FNHI), the parent company of Worksport LTD Inc., has submitted applications to secure the Worksport word and logo mark in the U.S., China and Canada. Legal counsel has cleared Worksport to begin sales in its markets under the new Worksport trademark. Sales efforts will begin immediately with strong Q4 revenues forecasted, as a result. Worksport is an innovative manufacturer of high quality, functional, and aggressively priced tonneau/truck bed covers for light trucks like the F150, Sierra, Silverado, Canyon, RAM, and Ford F-Series.
Worksport expects to be awarded U.S. logo in Q4 2018
"We believe finally owning the word and logo mark in the U.S. indicates a strong end to the fiscal year. We have now been successful in having the trademark revoked from its previous registrant. Pursuing the trademark Worksport turned out to be a good investment. Owning it will be a major milestone for FNHI and Worksport, its wholly owned subsidiary," said FNHI CEO Steven Rossi. "We succeeded against all odds."
Trademark applications on file in Canada and China - a growth investment
FNHI's good investment in China is especially promising. "The Chinese market of 1.3 billion people is the world's largest. When these logos are awarded, it will mean a total of six granted word and logo marks. We are awaiting confirmation from our trademark agent in China. This will tell us that the application has been successfully filed. We also hope to hear from the Canadian trademark office soon."
Worksport management will now begin rolling out its proprietary and aggressive strategy for strong revenue growth in the U.S, Canadian, and Latin American markets in both the automotive SEM (Specialty Equipment Market/Aftermarket) and with Original Vehicle Equipment Manufacturers.
Management will issue press releases with updates on when the trademarks are granted in each country, as expected.
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Source: Franchise Holdings International, Inc.