First American Capital Corporation Announces Annual Profit
March 01 2007 - 11:50AM
PR Newswire (US)
OVERLAND PARK, Kan., March 1 /PRNewswire-FirstCall/ -- First
American Capital Corporation, a 55 percent-owned subsidiary of
Brooke Corporation (NASDAQ:BXXX) announced its 2006 earnings
totaled $756,000 or $.39 per diluted share, on revenues of
$6,162,000, as compared to a loss in 2005 that totaled $701,000, or
$.49 per diluted share, on revenues of $4,861,000. Earnings for the
fourth quarter of 2006 totaled $966,000, or $.44 per diluted share,
on revenues of $2,431,000, as compared to a loss in the fourth
quarter of 2005 that totaled $118,000, or $.08 per diluted share,
on revenues of $1,250,000. All earnings per share amounts have been
adjusted to reflect the effects of a 3-for-1 reverse stock split
approved on Jan. 31, 2007. First American Capital Corporation was
profitable in the fourth quarter of 2006 and for the entire year of
2006 because its brokerage subsidiary began brokering loans to
managing general insurance agencies on Dec. 8, 2006. About First
American Capital Corporation ... First American Capital Corporation
is a Topeka, Kan.-based financial services company founded in 1997.
It is the parent company of First Life America Corporation, which
sells innovative customer-driven life insurance and annuity
products in eight states throughout the Midwest and Brooke Capital
Advisors, Inc., formerly First Life Brokerage, Inc., which brokers
life, health, disability and annuity products underwritten by First
Life America and other insurance companies, as well as loans
primarily for general insurance agencies specializing in
hard-to-place insurance sales and funeral homes. 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 First American
Capital Corporation will achieve short-term and long-term
profitability and growth goals, uncertainties associated with
market acceptance of and demand for the products and services of
First American Capital Corporation, the impact of competitive
products and pricing, the dependence by the parties to the
transaction on third-party suppliers and their pricing, the ability
of the parties to the transaction to meet product demand, the
availability of capital and 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 First American Capital Corporation with the
Securities and Exchange Commission. More complete description of
the business of First American Capital Corporation is provided in
its most recent annual, quarterly and current reports, which are
available from First American Capital Corporation without charge or
at http://www.sec.gov/ . DATASOURCE: First American Capital
Corporation CONTACT: Bill Morton of First American Capital
Corporation, +1-913-661-0123, or
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