FORT WORTH, TX - (Marketwired - Oct 10, 2013) - Firemans Contractors, Inc. (OTCQB: FRCN), a Commercial Contractor providing professional services for commercial and government clients, focusing on developing a Commercial Business to Business Franchise Opportunity, is pleased to provide a shareholder update and announce that it has received clearance from the DTC (Depository Trust Company) as its "Plan for Growth" through franchising strategy sees bright future ahead.
"The DTC (Depository Trust Company) provided clearance on Firemans Contractors after a review and will continue accepting deposits of the Issue for depository and book-entry transfer services."
Renee Gilmore, CEO of Firemans Contractors, stated, "We're proud to announce this critical step in receiving DTC clearance. Our future is bright as The Plan for Growth through franchising reflects strong results from its current franchisees that are experiencing a 25% net profit in their first year of business."
This past year we have been strategically positioning ourselves for growth through franchise development. Part of that has been to ensure the success of our first franchisees as we lay the foundation of success for others. The company has experienced an overall increase in revenues as our June 30, 2013 financial statements reflect, that we expect to file within the allotted extension time period.
DTC was created by the securities industry to improve efficiencies and reduce risk in the clearance and settlement of securities transactions. Today, DTC is the largest securities depository in the world. Including securities issued in the U.S. and 121 other countries, DTC has on deposit 3.6 million securities worth about $35 trillion. For more information about DTC please visit the SEC website or view this link; http://www.sec.gov/investor/alerts/dtcfreezes.pdf
Firemans Contractors, Inc. (OTCQB: FRCN) is a full-service contractor providing professional services for commercial and government clients, focused on developing a Business to Business Franchise Opportunities throughout the United States. Its services include Road Improvements, Pavement Maintenance, Seal Coating, Parking Lot Striping, Pavement Marking, Asphalt Maintenance and Repair, and ADA Compliance. Firemans Contractors brings a professional value system delivering outstanding results through honorable customer relationships and repeat business. Local firefighters are supported by a portion of profits which are donated to local Firefighter Associations. Firemans Contractors is a proud member of the Franchise Association (IFA) and The Veteran Transition Franchise Initiative (VetFran). As member, Firemans Contractors is expanding through franchise development, aimed to assist the Company in expanding its market share. As a franchisor, the Company will provide franchisees with training and support, including the proprietary Firebase™ software platform, which is included along with other business tools and training for new franchisees of Firemans Contractors.
For more information about Firemans Contractors, visit: www.FiremansContractors.com
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. Additional information respecting the factors that could materially affect the Company and its operations are contained in its annual report on Form 10K and Form 10-Q as filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statement.
Firemans Contractors, Inc.