Franchise Group, Inc. Announces the Election of Two New Independent Directors

Franchise Group, Inc.

Franchise Team, Inc.

DELAWARE, Ohio, May possibly 17, 2022 (Globe NEWSWIRE) — Franchise Team, Inc. (NASDAQ: FRG) (“Franchise Group” or the “Company”) currently declared that its shareholders elected Nanhi Singh and Gary S. Rich to its Board of Directors (“Board”). Ms. Singh will provide on the Audit Committee and Mr. Abundant will serve on the Compensation Committee. Pursuing the appointments of Ms. Singh and Mr. Abundant, the Board will comprise seven directors, six of whom are unbiased.

“We are quite delighted to improve the breadth of encounter that Nanhi and Gary will add to our Board of Directors,” claimed Matthew Avril, the Company’s Board Chairman. “Our Board on a regular basis evaluates its composition to make certain it includes the assorted capabilities, working experience and perspectives essential to travel development and oversee the company. The addition of Nanhi and Gary replicate that dedication as we continue on to expand our business enterprise and enrich worth for our shareholders.”

About Nanhi Singh.
Ms. Singh is at present the Main Shopper Officer at Imperva, Inc. (“Imperva”), a cyber stability know-how business based in San Mateo, California. Ms. Singh has been with Imperva considering the fact that January 2020 and is on the govt administration workforce with immediate obligations for all post-gross sales consumer experiencing capabilities, together with specialized support, managed services, consulting and qualified solutions, purchaser achievements administration and renewal gross sales. Ms. Singh has over 30 a long time of experience in computer software and technology corporations, in which she has held a variety of management positions, like at Symantec Corporation and Blue Coat Techniques. Ms. Singh’s in depth occupation in technology gives substantial further expertise to the Board. Ms. Singh been given her Bachelor’s diploma in Business at Delhi College.

About Gary S. Rich
Mr. Abundant is the founder of Wealthy Management, a leadership advisory company because 2007, where he provides counsel to CEO’s and their Boards on troubles of management progress and firm functionality administration. Mr. Wealthy is also a director of Stingray Team, Mercon Espresso Group (Intercontinental Espresso Producers and Traders) and Menai Financial Team. Mr. Loaded has served in lots of executive roles more than his career together with President of QSP, a division of The Readers Digest Affiliation, Main Human Means Officer at The Audience Digest Association and ACNielsen, as perfectly as different government positions at American Categorical. Mr. Rich’s administration qualifications provides substantial supplemental abilities to the Board. Mr. Wealthy retains a master’s degree in Organizational Psychology from Columbia University.

About Franchise Team, Inc.
Franchise Team is an operator and operator of franchised and franchisable firms that frequently appears to increase its portfolio of models though utilizing its working and capital allocation philosophy to crank out potent cash flow for its shareholders. Franchise Group’s enterprise lines contain Pet Materials Plus, American Freight, The Vitamin Shoppe, Badcock Property Home furniture & a lot more, Buddy’s Household Furnishings and Sylvan Learning. On a merged foundation, Franchise Team now operates around 3,000 locations predominantly situated in the U.S. that are both Corporation-run or operated pursuant to franchising and seller agreements.

Ahead-Seeking Statements
This press launch contains forward-searching statements in the that means of the Personal Securities Litigation Reform Act of 1995. Forward-seeking statements consist of, with out limitation, projections, predictions, expectations, or beliefs about future situations or effects and are not statements of historic simple fact. These ahead-seeking statements are dependent on many assumptions as of the time they are made, and are inherently matter to recognized and unfamiliar pitfalls, uncertainties and other variables that might bring about actual effects, performance or achievements to be materially distinct from any long run final results, general performance or achievements expressed or implied by these forward-hunting statements. Forward-on the lookout statements are normally accompanied by terms that convey projected upcoming occasions or outcomes these kinds of as “expect,” “believe,” “estimate,” “plan,” “project,” “anticipate,” “intend,” “will,” “may,” “view,” “opportunity,” “potential,” or words of very similar this means or other statements concerning thoughts or judgment of the Business or its management about long run situations. Though the Firm believes that its anticipations with respect to ahead-seeking statements are centered on sensible assumptions within the bounds of its present awareness of its company and functions, there can be no assurance that true success, functionality, or achievements of the Firm will not differ materially from any projected long term outcomes, functionality or achievements expressed or implied by these ahead-looking statements. Precise potential success, general performance or achievements may vary materially from historic effects or individuals predicted based on a selection of variables, many of which are past the regulate of the Enterprise. We refer you to the “Risk Factors” and “Management’s Dialogue and Assessment of Money Ailment and Results of Operations” sections of the Company’s Annual Report on Sort 10-K for the time period ended December 25, 2021, and similar sections of the Company’s Quarterly Studies on Variety 10-Q and other filings, which have been filed with the SEC and are obtainable on the SEC’s web-site at All of the ahead-searching statements designed in this push release are expressly certified by the cautionary statements contained or referred to herein. The genuine success or developments anticipated may not be understood or, even if significantly recognized, they could not have the predicted penalties to or results on the Corporation or its enterprise or functions. Visitors are cautioned not to count on the ahead-wanting statements contained in this press release. Forward-searching statements communicate only as of the date they are built and the Enterprise does not undertake any obligation to update, revise or make clear these forward-wanting statements, no matter whether as a outcome of new details, long run activities or in any other case.

Trader RELATIONS Get hold of:
Andrew F. Kaminsky
EVP & Chief Administrative Officer
Franchise Team, Inc.
[email protected]
(914) 939-5161