Franchise Capital Plans to Acquire Dr. Gas, Inc.
It was previously reported of Franchise Capital’s acquisition of Aero Exhaust and an indication of another prospective company buyout. This time, the prospect has been named, with Franchise Capital announcing its letter of intent to acquire Dr. Gas, Inc. The said company is a known manufacturer of aftermarket performance parts, and to be more specific, performance exhaust systems for pro-race and street exhaust applications. In fact, Dr. Gas is the reputed producer of 90% of all the exhaust mechanisms used in Nextel Cup Series, Craftsman Truck Series, Busch Grand Nationals, and the prestigious NASCAR series.
Included in lineup of Dr. Gas Exhaust Systems are that of the h-pipes, Xscream® crossover, oval tubing performance exhaust, and y-pipe systems, all of which have provided a significant change for the performance exhaust sound of racecars and other performance cars. Moreover, Dr. Gas is also responsible in designing the revolutionary and innovative Spin Tech racing mufflers. To date, the firm has existing products for cars, trucks, motorcycles, RVs, marine transports, and even in the aircraft and industrial systems.
If ever the acquisition of Dr. Gas pushes through, this company is expected to blend perfectly with the operations of Aero Exhaust. Multiple benefits are duly anticipated, as Dr.Gas would be handled in such a way that the said company enhances the fabrication of materials for Aero Exhaust products. Indeed, the fabricating capacities of Dr. Gas are expected to enhance and improve the supply of Aero’s line of turbo and cat-back mechanisms.
Bryan Hunsaker, Chief Executive Officer of Aero Exhaust and Franchise capital, reiterates how Dr. Gas could greatly enhance the company’s existing product lineup: “We are extremely pleased to announce our initial agreement to acquire Dr. Gas, Inc. While the demand for Aero’s products has been high, distribution has been limited by the lack of sufficient inventory of piping for our full exhaust systems. The company’s 2007 financial performance was hindered by a lack of supply of products for distribution, and the acquisition of Dr. Gas is expected to remedy this shortfall. Aero’s distribution partners are anxious to have a larger supply of our full exhaust systems and we strongly believe that through the acquisition of Dr. Gas, Inc., Aero will be better able to supply our distributors and improve the company’s revenue performance.
“Dr. Gas, Inc. is not only a highly respected name in racing circles, but it is also a mature company with significant revenues and the machinery and manpower in place to deliver the necessary components to accelerate the availability of Aero’s products. We look forward to providing additional information related to Dr. Gas, Inc. in the near term, so that our shareholders begin to understand the tremendous upside potential of our latest strategic acquisition,” Hunsaker provided as conclusion.
For more updates and information on these three companies, please visit the following sites: http://www.drgas.com, www.aeroexhaust.com, http://www.franchisecapitalcorp.net.
Below is a brief profile of Aero Exhaust, as provided in the company’s press statement:
About Aero Exhaust: Aero Exhaust is a world leader in performance exhaust airflow technology, manufacturing and distributing the most technologically advanced muffler on the market. Its product lines are built to the highest industry standards and offer the consumer a lifetime warranty. Aero Exhaust has been issued U.S. and Australian patents on its innovations and development in the exhaust industry, and its mufflers are available worldwide through major retailers, mass merchant centers, automotive aftermarket supply stores and wholesalers. Aero Exhaust mufflers are an exclusive National Association for Stock Car Auto Racing (NASCAR) Performance product and carry the prestigious NASCAR brand on product, packaging and related media.