ST. AUGUSTINE, Fla. - September 11, 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 that BFK Franchise Company, LLC (a wholly owned subsidiary of Creative Learning Corporation) has recently sold a Master Franchise for Hong Kong to Blockheads Ltd.
“Blockheads Ltd. purchased a franchise in Hong Kong in December of 2012, and now has purchased the Master Franchise for all of Hong Kong. This clearly validates a significant demand internationally for the Bricks 4 Kidz® program, considering that we’re now operating in fourteen countries plus Puerto Rico and in negotiations with prospective franchisees and Master Franchisees in Egypt, Brazil, Nigeria, Indonesia, Thailand and Saudi Arabia,” commented Brian Pappas, CEO of Creative Learning.
Creative Learning Corporation, operates under the trade name Bricks 4 Kidz®, that offers programs designed to teach children ages 3-12+ the basic principles of engineering, architecture and physics using LEGO® bricks, and Challenge Island®, that provides unique challenge-based programs designed to foster critical and creative thinking skills, problem solving methodology, and core STEM (Science, Technology, Engineering, Mathematics) principles in children ages 3-13+.
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.