Browse the latest corporate news from Precision Tune Auto Care.
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May 06, 2010 // Franchising.com // LEESBURG, VA - Precision Auto Care, Inc. (OTC Bulletin Board: PACI) signed a master franchise agreement with senior executives of Linkup Global Concept Limited RC (Nigeria) giving that firm's affiliate, Precision Tune Auto Care (Nigeria) Company Limited, a license to open and operate at least 20 Precision Tune Auto Care (PTAC) car care centers in Nigeria and Ghana over the next twenty years. The first two PTAC center is scheduled to open in Lagos in early July.
Robert Falconi, PACI President and CEO, said the agreement was the first major licensing deal an American auto service and repair franchise had reached in Nigeria. "The Nigerian economy is expanding rapidly, and the transportation infrastructure needs to keep pace with the economic growth," said Falconi... |
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March 22, 2010 // Franchising.com // LEESBURG, VA - Precision Auto Care, Inc. (Pink Sheets: PACIPK) signed a master franchise agreement with senior executives of Linkup Global Concept Limited RC (Nigeria) giving that firm's affiliate, Precision Tune Auto Care (Nigeria) Company Limited, a license to open and operate at least 20 Precision Tune Auto Care (PTAC) car care centers in Nigeria and Ghana over the next twenty years. The first two PTAC centers is scheduled to open in Lagos in early July.
Robert Falconi, PACI President and CEO, said the agreement was the first major licensing deal an American auto service and repair franchise had reached in Nigeria. "The Nigerian economy is expanding rapidly, and the transportation infrastructure needs to keep pace with the economic growth," said Falconi... |
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(July - September 2008)
LEESBURG, Va., Nov. 13 /PRNewswire-FirstCall/ -- Precision Auto Care, Inc. (Pink Sheets: PACI) announced its financial results for the first quarter of fiscal year ending June 30, 2009. Revenue was $3.2 million and loss was $6,000, or $0.00 per share, compared with a profit of $191,000, or $0.01 per share, on revenue of $3.1 million for the same period in the prior year.
The Company's President and CEO, Robert Falconi, stated, "Even though PACI incurred a loss, I am still pleased with the company's financial performance for the first quarter of FY09. We had an unusual out of period expense in the first quarter that caused the loss. Furthermore, revenues are up because of the company owned stores... |
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LEESBURG, Va., Feb. 12 /PRNewswire-FirstCall/ -- Precision Auto Care, Inc. (OTC Bulletin Board: PACI) announced its financial results for the second quarter of fiscal year ending June 30, 2008. Revenue was $3.0 million and profit was $75,000, or $0.00 per share, compared with a loss of $38,000, or $0.00 per share, on revenue of $2.8 million for the same period in the prior year.
The Company's President and CEO, Robert Falconi, stated, "I am generally pleased with PACI's financial performance for the second quarter of FY08. Revenues are up because of the company owned stores and now that we have added two more company stores, I expect revenues to increase even more. I am confident that we will remain profitable and our balance sheet will continue to get stronger every quarter... |
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This web page does not constitute a franchise offering or an offer to sell a franchise. A franchise offering can be made by us only in a state if we are first registered, excluded, exempted or otherwise qualified to offer franchises in that state, and only if we provide you with an appropriate franchise disclosure document. 
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Precision Tune Auto Care is providing routine automotive maintenance and repair, throughout the continental U.S and around the world.
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