Brooke Franchise Corporation Announces Selected January Results
February 15 2007 - 9:30AM
PR Newswire (US)
OVERLAND PARK, Kan., Feb. 15 /PRNewswire-FirstCall/ -- Shawn Lowry,
president and chief executive officer of Brooke Franchise
Corporation, a subsidiary of Brooke Corporation (NASDAQ:BXXX),
announced selected January 2007 results. Lowry announced that
Brooke Franchise Corporation assisted franchisees in the start up
and acquisition of businesses in January in the states of Arizona,
California, Colorado, Georgia, Indiana, Michigan, Missouri, North
Carolina, Ohio, Oklahoma, Tennessee and Texas. Brooke Franchise
Corporation added 18 start up franchise locations, three conversion
franchise locations and three developed franchise locations in
January, received approximately $4,798,000 in fees, consisting of
$4,290,000 in initial franchise fees for basic services, $185,000
for initial fees from buyers assistance programs and $323,000 in
other associated fees. Additionally, Lowry announced Brooke
Franchise Corporation received profit-sharing commissions totaling
approximately $1,476,000 from insurance companies in January 2007.
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 0.6 percent for the 12 months ending Jan. 31, 2007,
and a corresponding median growth rate of negative 0.2 percent.
Same-store sales calculations exclude profit-sharing commissions.
About our company . . . Brooke Corporation is listed on the Nasdaq
Global Market under the symbol "BXXX". Its wholly owned subsidiary,
Brooke Franchise Corporation, distributes insurance and banking
services through a network of more than 700 franchise locations.
Brooke Franchise was named the 22nd largest U.S. insurance agency
by Business Insurance magazine (2006) and the country's No. 37 top
franchise by Entrepreneur magazine (2007). For more information,
visit http://www.brookeagent.com/ . 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/
http://brookecorp.mediaroom.com/
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