Midas, Inc. (MDS) is engaged in the business of selling automotive repair franchises. The Midas network of franchised and company operated shops is a provider of automotive repair and maintenance services in North America with 1,538 shops located in all 50 states of United States and nine Canadian provinces as of January 2, 2011. The SpeeDee network of franchised and company operated shops consists of 106 shops in the United States, located in 10 states. In addition, both Midas and SpeeDee license their brands outside of North America. There are 781 Midas shops licensed in 13 other countries and 65 licensed SpeeDee shops in Mexico. On a worldwide basis, there were 2,490 Midas and SpeeDee shops as of January 2, 2011.