Brooke Franchise Corporation Announces Selected May Results
June 21 2007 - 10:25AM
PR Newswire (US)
OVERLAND PARK, Kan., June 21 /PRNewswire-FirstCall/ -- Brooke
Franchise Corporation, a subsidiary of Brooke Corporation
(NASDAQ:BXXX), announced selected May 2007 results. Brooke
Franchise Corporation assisted franchisees in the start up and
acquisition of businesses in May in the states of Arizona,
California, Florida, Georgia, Illinois, Ohio, Oklahoma and
Virginia. Brooke Franchise Corporation added five start up
franchise locations, five conversion franchise locations and two
developed franchise locations in May, and received approximately
$2,796,000 in fees, consisting of $2,475,000 in initial franchise
fees for basic services and $321,000 in other associated fees.
Brooke Franchise Corporation received profit-sharing commissions
totaling approximately $145,000 from insurance companies in May
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 increased approximately 0.6 percent for the
12 months ending May 31, 2007, and the corresponding median growth
rate was 2.3 percent. Same-store sales calculations exclude
profit-sharing commissions. About our company ... Brooke Franchise
Corporation is a subsidiary of Brooke Corporation (NASDAQ:BXXX)
that 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 Franchise Corporation
CONTACT: Anita Larson of Brooke Corporation, +1-913-661-0123, Web
site: http://www.brookeagent.com/ http://brookecorp.mediaroom.com/
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