Brooke Franchise Corporation Acquires InsWeb Retail Insurance Business
May 01 2006 - 10:41AM
PR Newswire (US)
OVERLAND PARK, Kan., May 1 /PRNewswire-FirstCall/ -- Shawn Lowry,
president of Brooke Franchise Corporation, a subsidiary of Brooke
Corporation (NASDAQ:BXXX), announced the acquisition of all
property and casualty retail customer accounts from InsWeb
Insurance Services. These auto and homeowners policies were written
through InsWeb's Web site. Most of the acquired accounts are
located in geographical areas where Brooke franchises are located
and Brooke Franchise plans to sell these accounts to existing
franchisees who want to generate additional revenues. Brooke
Franchise also acquired from InsWeb a significant amount of account
information that provides cross selling and other opportunities to
Brooke franchisees. This marketing information will be analyzed by
Brooke's advertising center and distributed to local franchisees in
a manner that protects customer privacy. Lowry stated, "This
transaction represents a great opportunity for our franchisees and
demonstrates the kind of value that Brooke Franchise brings to
independent insurance agents." 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's business plan for the acquired assets will be
successfully implemented; the uncertainty as to the effect of the
acquisition on the Company's earnings; 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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