Brooke Franchise Corporation Announces Selected March Results
April 11 2006 - 10:47AM
PR Newswire (US)
OVERLAND PARK, Kan., April 11 /PRNewswire-FirstCall/ -- Shawn
Lowry, president of Brooke Franchise Corporation, a subsidiary of
Brooke Corporation (NASDAQ:BXXX), announced selected March 2006
results. Lowry announced that Brooke Franchise Corporation assisted
franchisees in the startup and acquisition of businesses in March
in the states of California, Colorado, Florida, Illinois, Iowa,
Kansas, Michigan, Missouri, North Carolina, Ohio, Texas, Utah,
Washington and Wisconsin. Brooke Franchise Corporation added 20
startup franchise locations and six conversion franchise locations
in March, and received approximately $3,822,000 in fees, consisting
of $3,375,000 in initial franchise fees for basic services,
$225,000 for initial fees from buyers assistance programs and
$222,000 in other associated fees. Additionally, Lowry announced
Brooke Franchise Corporation received profit-sharing commissions
totaling approximately $1,290,000 from insurance companies in March
2006. The amount of profit-sharing commissions is important to the
company because profit-sharing commissions, like initial franchise
fees, significantly impact Brooke Franchise Corporation's
profitability. Lowry also announced a decrease in combined
same-store sales for seasoned converted franchises and startup
franchises of approximately 2.9 percent for the 12 months ending
March 31, 2006 and a corresponding median growth rate of negative
0.8 percent. Same-store sales calculations exclude profit-sharing
commissions. Lowry also noted that Brooke Brokerage Corporation,
which provides consulting services unrelated to the franchise
business, received approximately $1,195,000 in non-franchise
related consulting fees during March 2006. About our company ...
Brooke Franchise Corporation distributes insurance and related
services through a network of more than 580 franchise locations.
The Brooke organization was founded on the belief that local
business owners distribute insurance and related services more
efficiently than others if supported by a franchise system. E-mail
distribution ... To receive electronic press release alerts, visit
the "Investor Relations" section of the Brooke Corporation Web site
at http://www.brookecorp.com/ and subscribe to our "E-mail Alerts"
online. This press release contains forward-looking statements. All
forward-looking statements involve risks and uncertainties, and
several factors could cause actual results to differ materially
from those in the forward-looking statements. The following
factors, among others, could cause actual results to differ from
those indicated in the forward-looking statements: the uncertainty
that the Company will achieve its short-term and long-term
profitability and growth goals, uncertainties associated with
market acceptance of and demand for the Company's products and
services, the impact of competitive products and pricing, the
dependence on third-party suppliers and their pricing, its ability
to meet product demand, the availability of funding sources, the
exposure to market risks, uncertainties associated with the
development of technology, changes in the law and in economic,
political and regulatory environments, changes in management, the
dependence on intellectual property rights, the effectiveness of
internal controls, and risks and factors described from time to
time in reports and registration statements filed by Brooke
Corporation with the Securities and Exchange Commission. A more
complete description of Brooke's business is provided in Brooke
Corporation's most recent annual, quarterly and current reports,
which are available from Brooke Corporation without charge or at
http://www.sec.gov/ . DATASOURCE: Brooke Corporation CONTACT: Anita
Larson of Brooke Corporation, , +1-913-661-0123 Web site:
http://www.brookecorp.com/
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