Brooke Franchise Corporation Announces Selected September Results
October 12 2006 - 10:23AM
PR Newswire (US)
OVERLAND PARK, Kan., Oct. 12 /PRNewswire-FirstCall/ -- Shawn Lowry,
president and chief executive officer of Brooke Franchise
Corporation, a subsidiary of Brooke Corporation (NASDAQ:BXXX),
announced selected September 2006 results. Lowry announced that
Brooke Franchise Corporation assisted franchisees in the start up
and acquisition of businesses in September in the states of
California, Georgia, Kansas, Texas, Missouri, North Carolina, Ohio,
Washington and Wisconsin. Brooke Franchise Corporation added 18
start up franchise locations and two conversion franchise locations
in September, and received approximately $3,776,000 in fees,
consisting of $3,270,000 in initial franchise fees for basic
services, $200,000 for initial fees from buyers assistance programs
and $306,000 in other associated fees. Additionally, Lowry
announced Brooke Franchise Corporation received profit-sharing
commissions totaling approximately $90,000 from insurance companies
in September 2006. Lowry noted Brooke Franchise typically receives
a majority of its profit-sharing commissions during the first
quarter of its fiscal year. Lowry also announced a decrease in
combined same-store sales for seasoned converted franchises and
start up franchises of approximately 2.9 percent for the 12 months
ending Sept. 30, 2006, and a corresponding median growth rate of
negative 2.1 percent. Same-store sales calculations exclude
profit-sharing commissions. Brooke Brokerage Corporation, which
provides consulting services unrelated to the franchise business,
did not receive any non-franchise related consulting fees during
September 2006. About our company. . . Brooke Franchise Corporation
is a subsidiary of Brooke Corporation (NASDAQ:BXXX) that
distributes insurance and related services through a network of
more than 650 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 alerts, visit the Brooke Corporation Media Room at
http://brookecorp.mediaroom.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/ http://brookecorp.mediaroom.com/
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