BXXX Brooke Corp (MM)

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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