Creative Learning Corporation Announces Sale of First Franchise in Hong Kong
ST. AUGUSTINE, Fla. - December 10, 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 BFK FRANCHISE COMPANY, LLC (a wholly owned subsidiary of Creative Learning Corporation) has recently sold its first franchise in Hong Kong.
“The sale of the Hong Kong Franchise clearly indicates a significant demand internationally for the Bricks 4 Kidz® program, considering that we’re now operating in eleven countries and in Puerto Rico and in negotiations with prospective master Franchisees/franchisees in Egypt, Botswana, Venezuela and Brazil," commented Brian Pappas, CEO of Creative Learning. “All the staff at Creative Learning Corporation are excited about having a presence in Hong Kong and are anticipating a great reception,” Pappas also stated.
About Creative Learning Corporation
Creative Learning Corporation, operating under the trade name Bricks 4 Kidz®, offers programs designed to teach children ages 3-13+ 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 220+ 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’s generating on average ten or more franchise sales each month, and recurring revenue through royalties, Creative Learning Corporation has become a solid leader in a rapidly expanding industry. For more information, visit www.bricks4kidz.com.
Safe Harbor Statement
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.
Creative Learning Corporation