Brooke Capital Corporation Announces Selected October Results
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. 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 www.brookeagent.com.
Contact. . . Investors, Karen Haus-Moran, Market Street Partners, 415.445.3238 or firstname.lastname@example.org
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 www.sec.gov.