Franchise Services of North America Inc. Announces Agreement to Acquire Advantage® Rent-A-Car Business

FRANCHISE SERVICES OF NORTH AMERICA INC. ("FSNA" or the "Company")  (TSX-V: FSN)  today announced that it entered into an arm's length agreement on July 13, 2012 to acquire Simply Wheelz, LLC, a Delaware limited liability company and the holding company of the Advantage® Rent-A-Car brand ("Advantage") and certain other divested assets (together, the "Assets") from Hertz Global Holdings, Inc. HTZ. FSNA's purchase of Advantage facilitates Hertz's $2.3 billion announced acquisition of Dollar Thrifty Automotive Group, Inc. DTG announced yesterday. Macquarie Capital provided FSNA a full range of advisory and financing services including structuring advice and negotiation strategy to facilitate the acquisition of Advantage, which is currently operated as an integrated unit under Hertz and shares back office functions. In addition to providing these services, Macquarie Capital has indirectly committed $15 million in equity capital in order to fund the total consideration for the Assets, See full press release