ITN sells three more franchises in China.
February 07, 2006 (PRLEAP.COM) Business NewsFor Immediate Release
Contact: S. R. Nair/ITN, Inc./ 1-805-777-7155
Thousand Oaks, CA: California-based ITN, Inc. has, through its holding company, sold three new Chem-Dry franchises in Shenzhen (the 2nd in that city), Changchun, and Changsha in January. The total number of Chem-Dry franchises in China has now risen to 15. The growing demand for Chem-Dry franchises is an indication of Chem-Dry’s reputation in China, as well as a sign of changing times. With the state no longer providing a guarantee of jobs and housing, people are seeking viable and proven business models to help them become self-sufficient.
“Chem-Dry’s increasing brand recognition will have a snowball effect on its growth,” said Riaz Peter, General Manager of Chem-Dry China. “With the advent of the Beijing Olympics the services provided by Chem-Dry franchises will be in great demand.” A Singapore native fluent in Mandarin, Riaz Peter lives in Shanghai with his family.
“While China is a tough market, the promise is enormous,” said S. R. Nair, President of ITN. “Enforcing contracts and protecting Intellectual Property in China is still a challenge but we are in China for the long haul. I believe Chem-Dry’s vision of leveraging the aspirations of Chinese entrepreneurs will have a positive impact on China’s social fabric.”
Developed in the United States, the Chem-Dry brand has become a dominant force in the carpet cleaning industry with over 3,800 franchises in 50 countries. Chem-Dry’s success is built on its proprietary Hot Carbonation® cleaning system combined with equipment manufactured in the United States for exclusive use of Chem-Dry® franchises. Chem-Dry China imports proprietary chemicals from the US on an on-going basis.
Chem-Dry® is a Logan, UT based brand that is the world's leader for carpet and upholstery cleaning services, cleaning an estimated one billion square feet of carpet each year. In January 2006, Chem-Dry was acquired by Home Depot’s At-Home Services Division. At-Home Services is one of the fastest growing businesses of The Home Depot. For more information, please visit http://www.chemdry.com.
ITN’s Chem-Dry China is the Master Franchisee for China, Hong Kong, and Macao. Currently, there are 15 sub-franchises in China. ITN specializes in China ventures and is engaged in PCB fabrication, manufacture of steel injection molds, and franchise development. ITN has offices in Los Angeles, Beijing, Hong Kong, and Istanbul. For more information about ITN, please visit http://www.itnusa.com.