CALGARY, Alberta, Jan. 23, 2018 (GLOBE NEWSWIRE) -- Founders Advantage Capital Corp. (TSX-V:FCF) (the “Corporation”) is pleased to announce that its investee partner Club16 Limited Partnership (“Club16”) will open a new 22,000 sq. ft. co-ed club in South Surrey, British Columbia on Friday, January 26, 2018.  The new club will replace an existing (smaller) She’s Fit club in South Surrey which was 7,800 sq. ft.  The new club is located at the Grandview Central Shopping Centre at #135 – 16050 24 Avenue, South Surrey and will accommodate up to 8,000 members.

In addition to the new club opening, Club16 is pleased to announce that it will be expanding its personal training across additional locations in 2018.  Club16 offered personal training at three locations in 2017 and, based on the strong demand, management believes it will be well received at other clubs. 

Chuck Lawson, President of Club16 commented: “We are pleased to report the opening of the new South Surrey location.  Pre-registration demand has exceeded our expectations, and we expect this location to ramp up quickly as it is an excellent facility.”     

About Founders Advantage Capital Corp.

The Corporation is listed on the TSX Venture Exchange as an Investment Issuer (Tier 1) and employs a long-term investment approach. The Corporation has developed an investment approach to create long-term value for its shareholders and partner entrepreneurs (investees) by pursuing controlling interest acquisitions of cash flow positive, premium middle-market privately-held entities. The Corporation seeks to win mandates by appealing to the segment of the market which is not aligned with traditional private equity control, royalty monetizations or related structures. The Corporation's innovative platform offers incentives (contractually) for growth in favour of our partner entrepreneurs. This unique platform is designed to appeal to entrepreneurs who believe in the growth of their businesses and who want the added ability to continue to manage the business with a long-term partner.

The Corporation's common shares are listed on the TSX Venture Exchange under the symbol “FCF”.

For further information please refer to the Corporation's website at www.advantagecapital.ca.

Contact information for the Corporation is as follows:

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.