Brooke Franchise Corporation Announces Selected November Results
December 20 2006 - 9:25AM
PR Newswire (US)
OVERLAND PARK, Kan., Dec. 20 /PRNewswire-FirstCall/ -- Shawn Lowry,
president and chief executive officer of Brooke Franchise
Corporation, a subsidiary of Brooke Corporation (NASDAQ:BXXX),
announced selected November 2006 results. Lowry announced that
Brooke Franchise Corporation assisted franchisees in the start up
and acquisition of businesses in November in the states of Florida,
Georgia, North Carolina, Ohio, Texas and Virginia. Brooke Franchise
Corporation added five start up franchise locations, seven
conversion franchise locations and one developed franchise location
in November, and received approximately $2,598,000 in fees,
consisting of $2,145,000 in initial franchise fees for basic
services and $453,000 in other associated fees. Additionally, Lowry
announced Brooke Franchise Corporation received profit-sharing
commissions totaling approximately $160,000 from insurance
companies in November 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 2.5 percent for the 12 months
ending Nov. 30, 2006, and a corresponding median growth rate of
negative 1.6 percent. Same-store sales calculations exclude
profit-sharing commissions. Brooke Brokerage Corporation, which
provides consulting services unrelated to the franchise business,
received approximately $2,225,000 in non-franchise related
consulting fees during November 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 700 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 through the Get the News link. 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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