ST. AUGUSTINE, Fla. - August 6, 2012 - (BUSINESS WIRE) - Creative Learning Corporation (OTCBB:CLCN), owner and developer of Bricks 4 Kidz®, the highly-popular children’s education and enrichment program, is pleased to announce that the Company reached its 165th franchise the end of July, a milestone that was not projected to be achieved until the middle of October, 2012. The 165th franchise is located in Richmond, VA. Creative Learning now has franchises in 30 states plus the District of Columbia, Puerto Rico and 5 foreign countries.
The closing of the 165th franchise clearly indicates a continued high demand for the Bricks 4 Kidz® program even during the summer months, which is typically the slow period in the franchise industry. “We are thrilled to be announcing our 165th franchise two and a half month months ahead of our projected schedule,” commented Brian Pappas, CEO of Creative Learning. “Based upon the contracts we have out right now and the prospective franchisees scheduled for training at the end of the month, we expect to hit 175 by the end of August,” Pappas also stated. “We have accepted a deposit from prospective Master Licensees in Singapore and Qatar and have a group from Poland and Colombia coming in for training the end of August, so the interest internationally in Bricks 4 Kidz continues to be strong.”
Creative Learning Corporation, operating under the trade name Bricks 4 Kidz®, offers programs designed to teach children ages 3-12+ the basic principles of engineering, architecture and physics using LEGO®, bricks. Through a unique franchise business model that includes a proprietary Franchise Marketing Tool (FMT), the Company provides a wide variety of programs designed to enhance students’ problem solving and critical thinking skills by designing numerous structures, devices, and systems using proprietary LEGO®, bricks and models. The company currently has 165 franchises and is expanding its international reach, fulfilling an educational need in many communities that are lacking these types of programs. With few direct competitors (i.e. franchisors of a similar business model) and a strong business model that is generating recurring and exponential revenue, Creative Learning Corporation is a solid leader in a rapidly expanding industry. For more information, visit www.bricks4kidz.com.
This press release may contain “forward-looking statements” that are made pursuant to the “safe harbor” provisions as defined within the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words including “anticipates,” “believes,” “intends,” “estimates,” and similar expressions. These statements are based upon management’s current expectations as of the date of this press release. Such forward-looking statements may include statements regarding the Company’s future financial performance or results of operations, including expected revenue growth, cash flow growth, future expenses and other future or expected performances. The Company cautions readers there may be events in the future that the Company is not able to accurately predict or control and the information contained in the forward-looking statements is inherently uncertain and subject to a number of risks that could cause actual results to differ materially from those indicated in the forward-looking statements. Further information on these and other potential factors that could affect the Company’s financial results is included in the Company’s filings with the SEC under the “Risk Factors” sections and elsewhere in those filings.