Brooke Capital Corporation Announces Selected October Results
November 30 2007 - 3:16PM
PR Newswire (US)
OVERLAND PARK, Kan., Nov. 30 /PRNewswire-FirstCall/ -- Brooke
Capital Corporation (AMEX:BCP), an affiliate of Brooke Corporation
(NASDAQ:BXXX), announced selected October 2007 results. During
October, Brooke Capital Corporation sold 18 franchise locations in
the states of Missouri, Illinois and Texas that were held in
company-owned inventory. The sale resulted in the generation of
approximately $3,081,000 in fees, consisting of $2,970,000 in
initial franchise fees for basic services and $111,000 in other
associated fees. All 18 of these franchise locations were a part of
the J and P Holdings Inc. September 2007 acquisition. Brooke
Capital Corporation received profit-sharing commissions from
insurance companies totaling approximately $174,000 during October.
Typically, the majority of profit-sharing commissions are received
during the first quarter. Combined same-store sales for seasoned
converted franchises and startup franchises decreased approximately
3.07 percent for the 12 months ending Oct. 31, 2007. The
corresponding median growth rate was 4.16 percent. About our
company . . . Brooke Capital Corporation (AMEX:BCP) is an affiliate
of Brooke Corporation (NASDAQ:BXXX) that distributes insurance
services through a network of approximately 900 franchisee- and
company-owned locations. Brooke Capital Corporation's franchising
business was named the country's No. 37 top franchise by
Entrepreneur magazine (2007). Brooke Capital Corporation also owns
a life insurance company. 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 Capital Corporation and its
affiliates will successfully attract franchisees; the availability
of franchise purchase funding sources; the exposure to market
risks; and risks and factors described from time to time in reports
and registration statements filed with the Securities and Exchange
Commission by Brooke Capital Corporation. A more complete
description of Brooke's business is provided in Brooke Capital
Corporation's most recent annual, quarterly and current reports,
which are available from Brooke Capital Corporation without charge
or at http://www.sec.gov/. DATASOURCE: Brooke Capital Corporation
CONTACT: Investors, Karen Haus-Moran of Market Street Partners,
+1-415-445-3238, , for Brooke Capital Corporation Web site:
http://www.brookecorp.com/ http://www.brookeagent.com/
http://brookecorp.mediaroom.com/
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