ST. AUGUSTINE, Fla. - August 14, 2013 - (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 its record earnings for the quarter ending June 30, 2013. The Company generated revenues of $1,586,063, nearly double that of last years’ third quarter with a pre-tax profit of $565,063, over 4 times last years’ performance resulting in $.05/share. CEO Brian Pappas attributes the quarterly results to a substantial increase in interest from franchise seekers, strong performance of the Company’s franchisees, an increase in franchise sales from the Company’s franchisees, increasing demand for Bricks 4 Kidz®, internationally (now in 15 countries), and the introduction of Creative Learning Corporation’s new franchise concept, Challenge Island®, which is starting to show traction both in sales to new franchisees and to the Company’s current franchisees. Pappas stated, “You don’t sell franchises in any franchise system unless the franchisees are doing well. We focus tremendous energy on our franchisees through our support system and are constantly seeking ways to assist them in their local businesses. Our fourth quarter is shaping up to be strong also, though not as strong as our third quarter, which historically has been our strongest quarter.”
Creative Learning Corporation, operates under the trade name Bricks 4 Kidz® and Challenge Island®. 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.
Challenge Island offers programs that promotes creative and critical thinking skills in children, reinforcing STEM (science, technology, engineering and math) and core language and art skills. The Company currently has over 360 franchises and is expanding its international reach, fulfilling an educational need in many communities that are lacking these types of programs.
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