FNHI Cleared to Complete the Process of Acquiring its Trademark for Worksport
Toronto, Ontario, Canada, Aug. 13, 2018 (GLOBE NEWSWIRE) -- Franchise Holdings International, Inc. (OTC: FNHI), the parent company of Worksport LTD Inc., an innovative manufacturer of high quality, functional, and aggressively priced tonneau / truck bed covers for the light truck market, announces that it has been cleared to acquire its Trademark for Worksport. This completes the final step in the company’s official name change from its former operating name, Truxmart.
The legal significance is that the trademark is now assumed to be granted. This is the result of a lengthy process of having the previous mark marked as abandoned by its previous registered owner. This was accomplished with Worksport’s world-class legal team at the direction of CEO Steven Rossi, who has a strong working knowledge of Intellectual Property rights.
This major victory for FHHI and its Worksport subsidiary cleared the way for the company to obtain its logo and word trademarks in Canada, in the United States and in China. This is the highest level of protection and is also bears the highest level of intrinsic value to the company. Once granted, these trademarks mark that the final barrier to entry into our coveted market in the automotive industry has been overcome, something few companies have accomplished. According to experts in the legal community, these types of legal challenges have about a one in a million chance of being granted.
“We believe that the name Worksport has immeasurable value and we are committed to securing it,” said FNHI CEO Steven Rossi. “We were told that such Petitions never work but we persevered and against all odds we were successful.”
FNHI invests in high growth, high revenue opportunity companies. These are companies that are going to be profitable and have explosive revenues. And they have a proof of concept that can be monetized very quickly to produce earnings and revenue.
About Franchise Holdings International
Worksport, Franchise Holdings International's wholly owned subsidiary, was founded in 2011 to breathe innovation into the existing tonneau / truck bed cover market. Tonneau / truck bed covers have remained much the same in price and design since 2005 with one main company controlling a majority of the tonneau / truck bed cover market. This dynamic market segment is in need of a new innovative manufacturer of high quality, functional, and aggressively priced tonneau / truck bed covers. Worksport has developed multiple products for all of the most prominent pickup trucks available in North America. Details of most products can be found at www.Worksport.com. Worksport sells its products through master warehouse distributors, dealers, and online retailers in Canada and the U.S.
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