New Franchise Agreements
23 Agosto 2007 - 6:32AM
UK Regulatory
Faces Cosmetics Plc
("Faces Cosmetics" or the "Company")
Announcement of New Franchise Agreements
Faces Cosmetics the Canadian branded cosmetics, skin care and anti-aging
products business, which was admitted to trading on AIM in September 2006,
announces the signing of two new franchise agreements.
US
The US sales efforts continue to progress well and the Board is pleased to
announce the sale of an additional franchise in the Dallas area to an existing
franchisee. It is anticipated that the new store will open in early 2008.
Canada
In line with Company's strategy to expand its branded cosmetics and skin-care
business through expansion of its franchise model, the Directors' are pleased
to announce the completion of a further Group-owned retail location in Toronto,
Canada to a new franchisee.
The Company will receive the immediate benefit of initial signing fees from
these two new franchises.
For further information please contact:
Ramesh Jolly
Faces Cosmetics plc
Chief Executive Officer
Tel: +1(905) 760 0110 Ext112
Ross Andrews
City Financial Associates Limited
Tel: +44 (0) 20 7492 4777
END
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