$1 Billion in Premiums Milestone to Be Celebrated at Brooke Franchise's National Convention
October 09 2007 - 10:31AM
PR Newswire (US)
OVERLAND PARK, Kan., Oct. 9 /PRNewswire-FirstCall/ -- Dane Devlin,
chief operating officer of Brooke Franchise Corporation, a
subsidiary of Brooke Corporation (NASDAQ:BXXX), is pleased to
announce the achievement of the "$1 Billion in Premiums Milestone"
that was recently reached by Brooke franchisees. The company will
celebrate this accomplishment during its 2007 National Franchise
Convention, scheduled for Oct. 21-23 at the South Point Hotel in
Las Vegas. The celebration will be held Monday, Oct. 22, during the
vendor exhibitions from 5 p.m. to 8 p.m. in Exhibit Hall D at the
South Point. During September 2007, Brooke allocated $10,498,000 in
commissions to its franchisees. Based on an estimated average
commission rate of 12.5 percent, Brooke franchise and company-owned
locations wrote premiums in September at a rate that would exceed
$1 billion on an annualized basis. "Expanding the Brooke network by
adding more locations is very important from a branding standpoint,
as it gets more Brooke signs on more street corners; however, the
ultimate determinant of franchise success is selling insurance. Our
franchisees last month sold insurance at a rate that will equal $1
billion in premiums per year, if the trend continues," Devlin said.
"Because insurance company relationships are essential to selling
insurance, we look forward to celebrating this milestone during the
national convention with our franchisees and insurance company
partners." Nearly 1,000 Brooke franchisees, employees, directors,
stockholders and guests are expected to attend the 2007 convention,
which features a variety of educational speakers, exhibits and
entertainment, including a keynote address by Super Bowl champion
coach Dick Vermeil. For more information about the convention
events and speakers, visit http://www.brookeagent.com/Convention.
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 and
company-owned 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 Brooke Franchise and its affiliates will successfully create
or acquire insurance agent locations and attract franchisees; the
uncertainty that sales of insurance polices will continue at the
same rate achieved in September of 2007; 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 with the Securities and Exchange Commission by
Brooke Corporation, Brooke Credit Corporation and Brook Capital
Corporation, each an affiliate of Brooke Franchise Corporation. 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 CONTACT:
Kyle Garst of Brooke Franchise, +1-913-661-0123, ext. 508, Web
site: http://www.brookecorp.com/ http://www.brookeagent.com/
http://brookecorp.mediaroom.com/
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