Brooke Franchise Corporation Announces Selected April Results
May 29 2007 - 5:00PM
PR Newswire (US)
OVERLAND PARK, Kan., May 29 /PRNewswire-FirstCall/ -- Brooke
Franchise Corporation, a subsidiary of Brooke Corporation
(NASDAQ:BXXX), announced selected April 2007 results. Brooke
Franchise Corporation assisted franchisees in the start up and
acquisition of businesses in April in the states of Arizona,
California, Colorado, Florida, Georgia, Michigan, Missouri, Ohio
and Texas. Brooke Franchise Corporation added 10 start up franchise
locations and two developed franchise locations in April, and
received approximately $2,344,000 in fees, consisting of $2,310,000
in initial franchise fees for basic services and $34,000 in other
associated fees. Brooke Franchise Corporation received
profit-sharing commissions totaling approximately $212,000 from
insurance companies in April 2007. Brooke Franchise typically
receives a majority of its profit-sharing commissions during the
first quarter of its fiscal year. Combined same-store sales for
seasoned converted franchises and start up franchises decreased
approximately 0.6 percent for the 12 months ending April 30, 2007,
and the corresponding median growth rate was 1.6 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 800 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, or Web site: http://www.brookecorp.com/
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