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PRESS CONTACT:
     Judy Hart
     Senior Vice President
     Director of Marketing
     (860) 244-9202

Students, Professionals Learn How To Start And Build A Successful Franchise

HARTFORD CT - November 3, 1998 -- The U.S. Small Business Administration (SBA) reported this year that 50 percent of U.S. retail sales by the year 2000 will come from franchises, which means a wave of new opportunities is now available to people who dream about owning a business.

Penn Ritter, executive vice president of Business Lenders and charirperson of the Connecticut SBA Advisory Council, will be the keynote speaker at the 1998 New England Franchise Opportunity Seminar, the first of its kind to come to New England. Sponsored by Business Lenders, the seminar is an interactive forum for franchise industry leaders to share their insights on the growth and benefits of owning a franchise. Joining Ritter will be executives from nine of the nation's top franchises, including Moto Photo, Inc., Mail Boxes Etc., and 7-Eleven Stores, to offer an overview of franchise ownership, discuss franchise opportunities, and address financing options.

Students from New England's top three business specialty colleges-Bryant College, Babson College, and Bentley College have been invited to the seminars.

Three sessions will be held at The Ramada Hotel in Woburn, Mass., beginning Saturday, November 14 from 9:00 a.m. to 11:00 a.m., and 2:00 p.m. to 4:00 p.m.; and on Sunday, November 15 from 2:00 p.m. to 4:00 p.m.

Headquartered in Hartford, Conn., Business Lenders, named a "preferred lender" by the U.S. Small Business Administration, is the nation's tenth largest non-bank SBA lender, specializing in loans to small businesses, start-up companies and franchises.

To register for the New England Franchise Opportunity Seminar, those interested may call 1-800-646-7689.

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