Irwin Franchise Capital Exclusive Lender For Sonic Retrofits

(Thursday, November 16, 2006) - All Sonic franchisees with stores built prior to 2002 are required to update their restaurants by 2010. IFCC is offering a competitive financing program and has committed an initial $50 million in financing for franchisees.


"The Sonic system is filled with smart, successful franchisees," explained IFCC President John Rinaldi. "We have worked with them for many years, and expect that this new retrofit will contribute to its 20-year track record of increased same-store sales."

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About Forward-Looking Statements

This press release contains forward-looking statements about IFCC's funding commitment to and expectation for the success of Sonic's retrofit program that are based on management's expectations, estimates, projections and assumptions. These statements involve inherent risks and uncertainties that are difficult to predict and are not guarantees of future performance. Actual future results may differ materially from what is projected due to a variety of factors, including, but not limited to, unforeseen difficulties in providing funding, difficulties in Sonic's implementation of its retrofit program, or an unexpected decrease in required funding by Sonic's franchisees. We undertake no obligation to update publicly any of these statements in light of future events, except as required in subsequent reports we file with the Securities and Exchange Commission.

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