OVERLAND PARK, Kan., March 6 /PRNewswire-FirstCall/ -- Brooke Capital Corporation (AMEX:BCP) announced it will report its fourth quarter and fiscal year 2007 earnings and other financial results after the close of the market at 3 p.m. CST (4 p.m. EST) on Thursday, March 13, 2008. A press release will be available online at that time at the company's Web site, http://www.brookeagent.com/press_releases.html. 2007 Preliminary Earnings Brooke Capital Corporation expects to report 2007 annual earnings of approximately $2,300,000. The company's annual financial results include the full year revenues and expenses of the franchise agency operations acquired on November 15, 2007. Kyle Garst, president and CEO of Brooke Capital Corporation, noted "Our agents faced challenges in 2007 due to economic and industry conditions, yet our agent's same store sales have remained relatively flat, premium volume reached a $1 billion run rate, and franchised and company-owned locations grew to approximately 900." Earnings Call In conjunction with the release, Brooke Capital Corporation President and Chief Executive Officer, Kyle L. Garst, along with Executive Vice President for Insurance Agency Operations Dane Devlin and Vice Chairman, Michael Hess will host an investor and analyst conference call on Friday, March 14 at 9 a.m. CST (10 a.m. EST). This call will be webcast at http://www.brookeagent.com/conference_call.html. A replay of the call will be available online for the next 12 months. New Era Update At Brooke Capital Corporation's national convention last October, Mr. Garst announced "New Era" initiatives, which included a multi-million dollar advertising fund commitment to help build a national brand and support franchise growth, as well as a reduction of royalty fees charged to franchisees, in concert with implementation of steps to improve the quality of franchisees. An update of New Era initiatives will be provided in next week's earnings call, including recent steps taken to limit advances made to some franchisees against future commissions. About our company . . . Brooke Capital Corporation (AMEX:BCP) is an affiliate of Brooke Corporation (NASDAQ:BXXX) that operates a life insurance company and has agreed to acquire an auto insurance company. As the result of a recent merger with Brooke Franchise Corporation, the company's insurance company business is supported by a network of independent insurance agency franchises. For more information, visit http://www.brookeagent.com/. 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 these 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 Capital Corporation with the Securities and Exchange Commission. 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: Karen Haus Moran of Brooke Capital Corporation, +1-415-378-2790 Web site: http://www.brookeagent.com/ http://www.brookecorp.com/

Copyright

Brooke Corp (MM) (NASDAQ:BXXX)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Brooke Corp  (MM) Charts.
Brooke Corp (MM) (NASDAQ:BXXX)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Brooke Corp  (MM) Charts.