|By Business Wire||
|June 9, 2014 10:00 AM EDT||
Further increasing its global expansion to solidify its spot as the leader in the visual communications industry, FASTSIGNS® International Inc., the worldwide franchisor for the more than 550 FASTSIGNS sign, graphics and visual communications centers, has signed master franchise agreements for growth to the United Arab Emirates (UAE) and North Africa.
Expansion will be led by Hamdi Osman, chairman of Solitaire IGT and former senior vice president of FedEx Express Middle East, Indian Subcontinent and Africa. Further enhancing the company’s presence in the Middle East, Osman will open 12 locations in the UAE under the agreement. In North Africa – specifically Morocco, Algeria, Tunisia and Libya – Osman plans to open the first center in 2014 and an additional 24 locations.
Osman will own and operate franchise locations; under the master franchise agreement, he also has the rights to sub-franchise FASTSIGNS across the UAE and North Africa.
FASTSIGNS CEO Catherine Monson said, “There is strong demand for our products and services in both developed and developing countries. FASTSIGNS helps its customers inform, direct and sell more, a need every business has.”
FASTSIGNS has 65-plus centers outside the U.S. and plans to open around 50 locations each year for the next 3 to 5 years worldwide, entering 10 new markets. The company is specifically targeting Central and South America, Quebec, India, the Middle East and Europe for expansion and is pursuing master franchisees or area developers.
FASTSIGNS International, Inc. is the worldwide franchisor for the 550-plus FASTSIGNS® sign, graphic and visual communications centers in eight countries including the US (and Puerto Rico), Canada, England, Brazil, Mexico, the Caribbean, Saudi Arabia and Australia (where centers operate as SIGNWAVE®). It’s independently owned and operated centers provide comprehensive visual communications solutions to help customers, of all sizes and industries, meet their business objectives and increase their business visibility through the use of signs, graphics, printing, promotional products and related marketing services.