Brooke Franchise Corporation Announces Selected February Results
March 16 2007 - 10:46AM
PR Newswire (US)
OVERLAND PARK, Kan., March 16 /PRNewswire-FirstCall/ -- Shawn
Lowry, president and chief executive officer of Brooke Franchise
Corporation, a subsidiary of Brooke Corporation (NASDAQ:BXXX),
announced selected February 2007 results. Lowry announced that
Brooke Franchise Corporation assisted franchisees in the start up
and acquisition of businesses in February in the states of
California, Florida, Georgia and Texas. Brooke Franchise
Corporation added 11 start up franchise locations and one developed
franchise location in February, received approximately $2,006,000
in fees, consisting of $1,980,000 in initial franchise fees for
basic services and $26,000 in other associated fees. Additionally,
Lowry announced Brooke Franchise Corporation received
profit-sharing commissions totaling approximately $734,000 from
insurance companies in February 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 1.3 percent for
the 12 months ending Feb. 28, 2007, and a corresponding median
growth rate of negative 1 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 750 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.brookeagent.com/
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