Brooke Franchise Corporation Announces Selected June Results
July 31 2007 - 4:05PM
PR Newswire (US)
OVERLAND PARK, Kan., July 31 /PRNewswire-FirstCall/ -- Brooke
Franchise Corporation, a subsidiary of Brooke Corporation
(NASDAQ:BXXX), announced selected June 2007 results. Brooke
Franchise Corporation assisted franchisees in the startup and
acquisition of businesses in June in the states of Arizona,
California, Florida, Georgia, Illinois, Indiana, Missouri and North
Carolina. Brooke Franchise Corporation added seven startup
franchise locations, eight conversion franchise locations and one
developed franchise location in June, and received approximately
$3,785,000 in fees, consisting of $2,310,000 in initial franchise
fees for basic services, $70,000 for initial fees from buyers
assistance programs, and $1,405,000 in other associated fees.
Brooke Franchise Corporation received profit-sharing commissions
totaling approximately $87,000 from insurance companies in June
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 startup franchises increased approximately 0.1 percent for the
12 months ending June 30, 2007, and the corresponding median growth
rate was 3.4 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, Brooke Corporation, +1-913-661-0123, Web
site: http://www.brookeagent.com/ http://www.brookecorp.com/
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