Brooke Franchise Franchise News

Overland Park, KS--(Marketwire) - Robert Orr, chairman and chief executive officer of Brooke Capital Corporation (AMEX: BCP), today announced the appointments of Michael Hess as president and Nick Rhodes as executive vice president of Brooke Capital.

The executive team of Hess, Rhodes and Orr will operate primarily from Brooke Capital's Phillipsburg, Kan. campus where a majority of the company's operations and employees are located. Recruitment, training and certain administrative functions will continue to be provided from Brooke's training facility located at 8500 College Blvd., in Overland Park, Kan.

"Kyle Garst and Dane Devlin have been an important part of this organization for many years," Orr said. "They have decided against moving to Phillipsburg and will instead pursue other investment and professional opportunities...

August 22, 2008 // Franchising.com // Overland Park, Kan., – Brooke Capital Corporation (AMEX: BCP) today reported its second quarter financial results for the quarter ended June 30, 2008.

"As expected it was a challenging quarter for Brooke Capital Corporation," said Kyle Garst, President of Brooke Capital Corporation. "Our New Era and operating initiatives previously announced have been implemented and management's actions have resulted in Brooke Capital becoming a leaner and more efficient organization. We expect to return to profitability in the third quarter." Garst stated, "Losses were incurred in the second quarter primarily as the result of shrinking the number of Brooke franchise locations by closing, relocating or liquidating poorer performing locations...

August 12, 2008 // Franchising.com // PHILLIPSBURG, Kan., Tara Knowles, lead generation and Internet marketing manager for Brooke Capital Corporation, was recently selected to serve on the International Franchise Association's (IFA) Information Technology Committee.

"Being accepted into the International Franchise Association Technology Committee is an honor, especially coming from such a prestigious organization," commented Knowles. "I'm excited about the opportunity this creates for Brooke Capital Corporation, our insurance agent franchisees and myself."

The IFA is the world's oldest and largest organization representing franchising. Approaching a half-century of service with a growing membership of more than 1,300 franchise systems, 10,000-plus franchisees and more than 500 firms that supply goods and services to the industry, the IFA protects, enhances and promotes franchising by advancing the values of integrity, respect, trust, commitment to excellence, honesty and diversity...

August 12, 2008 // Franchising.com // OVERLAND PARK, Kan., Brooke Capital Corporation (AMEX: BCP) announced it will report its second quarter 2008 earnings and other financial results following the close of the stock market on Thursday, Aug. 14, 2008. A press release will be available online at that time at the company's Web site, www.brookeagent.com.

Brooke Capital Corporation will also host a conference call for analysts and investors on Friday, Aug. 15 at 10 a.m. CDT. To join the call, please dial (800) 299-0148 in the United States and Canada, or (617) 801-9711 if calling internationally. The conference ID number is 14918969. A live web broadcast of the call will be available on the investor relations section of the company's Web site at www...

August 04, 2008 // Franchising.com // OVERLAND PARK, Kan. – Brooke Insurance has recently been nominated for two national advertising awards for Internet marketing campaigns the company rolled out in 2007 and 2008. The campaigns nominated include Brooke's Internet Yellow Pages and Paid Search program.

Since the launch of Brooke Insurance's Internet marketing campaigns in early 2007, leads have increased by over 1,800 percent from Google search and 338 percent from Yahoo searches. Brooke's cost per lead was 77 percent lower than the benchmarks established at the beginning of the campaign. The campaigns increased their responses by more than four times over their preformance the prior year.

The campaigns were nominated for Search Engine Strategies (SES) and Marketing and Interactive Excellence (MIXX) Awards...

OVERLAND PARK, KS--(Marketwire - July 21, 2008) - Brooke Capital Corporation (AMEX: BCP) provided an update on the operating initiatives the company announced in May.

During the second quarter, Brooke Capital transitioned from a high-growth insurance agency franchisor that was dependent on credit availability for acquisitions by franchisees, to a no-growth insurance agency franchisor that is positioned to survive the credit crunch. This transition required significant expense reductions.

Although the second quarter represented a challenging time, Brooke Capital's cash flow projections for the third quarter indicate that the result of the transition met the company's expectations. The transition is mostly completed and Brooke Capital expects to return to profitability in the third quarter...

OVERLAND PARK, Kan., May 13 /PRNewswire-FirstCall/ -- Brooke Corporation (Nasdaq: BXXX) today reported its first quarter financial results for the quarter ended March 31, 2008.

Leland Orr, Brooke Corporation's president and chief executive officer stated, "Brooke Corporation's operations focus on banking. Additionally, Brooke Corporation owns an investment in Aleritas Capital Corp. (a d/b/a of Brooke Credit Corporation; OTC Bulletin Board: BRCR). This investment represents a 62% ownership interest and therefore Aleritas' financial results are consolidated with Brooke Corporation's financial results for reporting purposes. Because Aleritas reported a significant loss in the first quarter of 2008 due to increased credit reserves, Brooke Corporation's consolidated results were negatively impacted by $14...

OVERLAND PARK, Kan., May 7 /PRNewswire-FirstCall/ -- Brooke Corporation (Nasdaq: BXXX) announced it will report its first quarter 2008 earnings and other financial results at 11 a.m. Eastern Daylight Time on Tuesday, May 13, 2008. A press release will be available online at that time at the company's Web site, http://www.brookebanker.com.

To join the call, please dial (866) 825-3209 in the United States and Canada, or (617) 213-8061 if calling internationally. The conference ID number is 76717932. A live web broadcast of the call will be available on the investor relations section of Brooke's Web site at: http://www.brookebanker.com.

The webcast is also being distributed through the Thomson StreetEvents Network to both institutional and individual investors...

May 05, 2008 // Franchising.com // PHILLIPSBURG, Kan.-- Brooke Capital Corporation (AMEX: BCP) announced that it has reduced its staff by approximately 17% by reducing its workforce at its Overland Park and agent service centers effective May 2, 2008. This and other expense reduction initiatives have been implemented as the result of: 1) a reduction in the rate of monthly franchise royalties charged to franchisees, and 2) a reduction in the pace of new franchise recruitment primarily as the result of the continuing restricted credit market environment.

Monthly Franchise Royalties Brooke Capital Corporation's chief executive officer, Kyle Garst, announced a reduction in the rate of monthly franchise royalties at the company's national convention last October as part of plans for the company's "New Era...

Brooke Corporation Announces Earnings

OVERLAND PARK, Kan., March 17 /PRNewswire-FirstCall/ -- Brooke Corporation (NASDAQ: BXXX) today reported its financial results for the quarter and year ended Dec. 31, 2007.

"We were a better managed, better capitalized and better organized company on December 31, 2007 than we were on December 31, 2006," said Robert Orr, Chairman of Brooke Corporation. To illustrate his point, Orr noted:

Management delivered on its 2007 plans to acquire an agent banker network, to transfer ownership of its lending subsidiary into a separate public company and to improve the quality of agents in its insurance network.

The consolidated total equity of Brooke Corporation, including minority shareholder interests, was approximately $116,547,000 on Dec...

Brooke Corporation Announces Management Changes

OVERLAND PARK, Kan., March 12 /PRNewswire-FirstCall/ -- Robert D. Orr, Chairman and founder of Brooke Corporation (Nasdaq: BXXX) announced the appointment of Leland Orr as President and CEO of Brooke Corporation as of March 11, 2008 to replace Keith Bouchey, who will resign as President and CEO of Brooke Corporation to pursue opportunities in the community banking market.

Leland Orr has been a director, CFO, Treasurer and Assistant Secretary of Brooke Corporation and has been a director and officer of the company since its inception in 1986. He will resign his positions as CFO, Treasurer and Assistant Secretary of the company to assume the role of President and CEO and will remain a director of the company...

Brooke Corporation Announces 2007 Preliminary Earnings, Discussions Regarding Stock Purchase Alternatives and Schedule for Annual Financial Results Release and Earnings Call

OVERLAND PARK, Kan., March 10 /PRNewswire-FirstCall/ -- Brooke Corporation (NASDAQ: BXXX) announced it will report its fourth quarter and fiscal year 2007 earnings and other financial results on Monday, March 17, 2008 at 8:30 a.m. CDT, followed by a conference call to discuss these results at 12:00 p.m. CDT. A press release will be available online at that date at the company's Web site, www.brookeagent.com/corporation.

2007 Preliminary Revenues & Earnings: Brooke Corporation expects to report revenues for 2007 of approximately $223,000,000, an increase of 24% over 2006 revenues of $180,024,000...

OVERLAND PARK, Kan., March 5 /PRNewswire-FirstCall/ -- Brooke Corporation (NASDAQ: BXXX) owns approximately 62% of Aleritas Capital Corp. (a d/b/a of Brooke Credit Corporation; OTCBB: BRCR). Aleritas recently filed a form 8-KA describing an expected refinancing of approximately $50M in debt pursuant to an agreement included as an exhibit to the form. Although certain obligations under that agreement expired on Friday, February 29, 2008, closing of the refinancing is nonetheless currently scheduled to occur on or before Friday, March 7, 2008.

About Brooke Corporation ... Brooke Corporation is a holding company listed on the NASDAQ Global Market under the symbol "BXXX". Brooke Corporation owns 100 percent of Brooke Bancshares, Inc...

OVERLAND PARK, Kan., Feb. 6 /PRNewswire-FirstCall/ -- Brooke Capital Corporation (AMEX: BCP) today announced the election of James R. Zuhlke as executive vice president for insurance company operations. Zuhlke, 61, is responsible for Brooke Capital Corporation's auto insurance company operations and is the company's counterpart to Dane Devlin, executive vice president for insurance agency operations.

Zuhlke served as president and chief executive officer of Kingsway America Inc., and a director of its parent, Kingsway Financial Services Inc., a NYSE-listed company through 2004. During his tenure at Kingsway America, Zuhlke assisted in the acquisition of six insurance businesses and managed the integration and assimilation of their operations by strengthening planning, budgeting, financial reporting, underwriting, and claims handling disciplines...

OVERLAND PARK, Kan., Jan. 25 /PRNewswire-FirstCall/ -- Keith E. Bouchey, chief executive officer of Brooke Corporation (NASDAQ: BXXX), announced today that its board of directors has declared a quarterly cash dividend in the amount of 18 cents per share of common stock. Bouchey reported the dividend will be paid on Feb. 22, 2008, to common shareholders of record as of Feb. 8, 2008, with an ex-dividend date of Feb. 6, 2008.

The payout maintains the dividend amount for the previous quarter and represents an annualized dividend yield of approximately 11%, based on the closing price of Brooke Corporation common stock as of January 24, 2008.

About Brooke Corporation ... Brooke Corporation is a holding company listed on the Nasdaq Global Market under the symbol "BXXX"...

Brooke Corporation Completes Bank of the West Transaction

OVERLAND PARK, Kan., Jan. 18 /PRNewswire-FirstCall/ -- Brooke Corporation (NASDAQ: BXXX) today announced that it has completed the transaction between its wholly-owned subsidiary, Brooke Savings Bank, and Bank of the West. The transaction, which added approximately $100 million in deposits and $7.5 million in loans to Brooke Savings Bank's balance sheet, was approved by all required regulatory officials and became effective at the close of business on Jan. 18, 2008. Brooke Savings Bank paid a deposit premium of approximately $2.9 million. As part of the transaction, Brooke also acquired a network of 42 Kansas-based bank agents who refer deposit and loan business to the bank...

December 03, 2007 // Franchising.com // - OVERLAND PARK, Kan–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...

OVERLAND PARK, Kan., Nov. 19 /PRNewswire-FirstCall/ -- Brooke Corporation (NASDAQ: BXXX) today announced its participation in the upcoming FBR Capital Markets Investor Conference held at the Grand Hyatt New York Hotel. Keith Bouchey, president and chief executive officer, and Leland Orr, chief financial officer, are scheduled to present at 3 p.m. EST on Nov. 28.

A live webcast of the event and an accompanying slide presentation can be accessed on the investor relations section of Brooke's Web site at http://invest.brookecorp.com/.

About Brooke Corporation ... Brooke Corporation is a holding company listed on the Nasdaq Global Market under the symbol "BXXX". Brooke Corporation owns 100 percent of Brooke Brokerage Corporation, a banking organization with a federally-chartered thrift institution that operates an "agent bank"...

OVERLAND PARK, Kan., Nov. 2 /PRNewswire-FirstCall/ -- Brooke Franchise Corporation, a subsidiary of Brooke Corporation (NASDAQ: BXXX), recently concluded its third annual national franchise convention, held Oct. 21-23 at the South Point Casino and Hotel in Las Vegas. Nearly 900 Brooke franchisees, employees, directors and stockholders from across the country were on hand to participate in the three-day event.

Convention activities kicked off on Oct. 21 with a welcome reception and awards ceremony. Kyle Garst, Brooke Franchise chief executive officer, led the awards ceremony, which honored the company's top franchise agencies from each region, and introduced the inaugural class of Brooke Elite agencies. Representatives from NCMIC, Bristol West and MetLife also gave presentations...

October 31, 2007 // Franchising.com // - OVERLAND PARK, Kan–Brooke Franchise Corporation, a subsidiary of Brooke Corporation (Nasdaq: BXXX), announced selected September 2007 results.

During September, Brooke Franchise Corporation added eight startup franchise locations and five conversion franchise locations, and received approximately $2,666,000 in fees, consisting of $2,310,000 in initial franchise fees for basic services and $356,000 in other associated fees.

During the three months ended Sept. 30, 2007, Brooke Franchise Corporation added 27 startup franchise locations, six conversion franchise locations and two company developed locations, and received approximately $6,377,000 in fees, consisting of $5,940,000 in initial franchise fees for basic services and $437,000 in other associated fees...