NEW YORK – (UPTICK Newswire – June 22, 2015) – Alexandria Advantage Warranty Company (OTCMarkets/Pinksheets: AAWC) is announcing today that the Company has signed a letter of intent to merge with a nationwide franchisor of automotive services and repair centers.
The deal calls for closing the transaction by July 10, 2015. Due diligence is already being conducted and the Company anticipates being able to meet this closing date.
Currently, the franchisor has over thirty franchised outlets nationwide. They have several more pending franchise applications. The franchisor also owns intellectual property, and has a family name that has been associated with the business for over fifty years.
The Company believes this is a natural fit for its new and used car warranty business. Further, management of the franchisor would join the Company management, bringing decades of franchise operations experience.
About Alexandria Advantage Warranty Company
Alexandria Advantage Warranty Company (OTCMarkets/Pinksheets: AAWC) is a provider of new and used car warranties to independent and franchised car dealers and their customers. The Company is a Colorado company in good standing.
For additional information, please contact Shareholder Services at: (310) 953-9680.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933, and are subject to Rule 3B-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this press release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and other results and further events could differ materially from those anticipated in such statements. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements.