Brooke Franchise Corporation Announces Selected August Results
September 27 2007 - 3:01PM
PR Newswire (US)
OVERLAND PARK, Kan., Sept. 27 /PRNewswire-FirstCall/ -- Brooke
Franchise Corporation, a subsidiary of Brooke Corporation
(NASDAQ:BXXX), announced selected August 2007 results. Brooke
Franchise Corporation assisted franchisees in the start up and
acquisition of businesses in August in the states of California,
Florida, Illinois, Michigan, Ohio and Tennessee. Brooke Franchise
Corporation added 11 start up franchise locations and one
conversion franchise location in August, and received approximately
$2,038,000 in fees, consisting of $1,980,000 in initial franchise
fees for basic services and $58,000 in other associated fees.
Brooke Franchise Corporation received profit-sharing commissions
totaling approximately $233,000 from insurance companies in August
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 1.4 percent for the
12 months ending Aug. 31, 2007, and the corresponding median growth
rate was 0.4 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 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 Franchise Corporation,
+1-913-661-0123, Web site: http://www.brookecorp.com/
http://www.brookeagent.com/
Copyright
Brooke Corp (MM) (NASDAQ:BXXX)
Historical Stock Chart
From Jun 2024 to Jul 2024
Brooke Corp (MM) (NASDAQ:BXXX)
Historical Stock Chart
From Jul 2023 to Jul 2024