Creative Learning Corporation Announces Record Revenues and Earnings Fiscal Year 2013

ST. AUGUSTINE, Fla. - January 14, 2014 - (BUSINESS WIRE) - Creative Learning Corporation (OTCBB:CLCN), owner and developer of Bricks 4 Kidz®, and Challenge Island®, the highly-popular children’s education and enrichment programs, is pleased to announce record revenue and net income for its fiscal year ended September 30, 2013.

Creative Learning Corporation's revenues for fiscal 2013 were a record $4.8 million and rose 41% compared with $3.4 million fiscal 2012. Net income for fiscal 2013 was a record $947 thousand, a 56.7% increase compared with fiscal 2012 income of $604 thousand. Net income per fully diluted share increased 60% to $0.08 compared with $0.05 last year.

"Our record results for fiscal 2013 benefitted from a 26% increase in Bricks 4 Kidz® franchise sales (in aggregate both domestically and internationally), plus sales from Challenge Island® franchises, and a 100% increase in Bricks 4 Kidz® royalties. We attribute this to the continued high demand for our franchise concepts, both domestically and internationally, and our franchisees’ performance," stated Chief Executive Officer Brian Pappas.

Creative Learning Corporation will conduct a conference call to discuss financial results of its fiscal 2013 at 1:00 p.m. EST on Friday, January 17th. The conference call number is 213-416-1560 and the access code is 5833282. Questions pertaining to the 10-k can be submitted to Brian Pappas at bpappas@creativelearningcorp.com prior to the call.

About Creative Learning Corporation

Creative Learning Corporation, operating under the trade names of Bricks 4 Kidz® and Challenge Island®, offers educational and enrichment programs to children ages 3-12+. Through a unique franchise business model that includes a proprietary curriculum and marketing strategies, plus a proprietary Franchise Marketing Tool (FMT), the Company provides a wide variety of programs designed to enhance students’ problem solving and critical thinking skills.

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.

Investor Contact:

Creative Learning Corporation

Brian Pappas
904-824-3133
bpappas@creativelearningcorp.com

###

Share this Story:

Comments:

comments powered by Disqus

Franchise News Room »


News By Industry »


Featured Opportunities

IceBorn Water and Ice Vending
IceBorn was developed to be the premier consumer water and ice vending brand.
SiempreTax
SiempreTax+ is a low-investment tax franchise opportunity. SiempreTax+ specializes in tax return preparation for individuals and small businesses in...
Midas
Midas, a recognized brand throughout the world and highly renowned name in complete car care, is proud to be one of North America's original...
Lightbridge Academy
Lightbridge Academy has a way of making parents and children feel like they’re special. Here, they are surrounded by a Circle of Care that’s more...
Image360
As owner of an Image360 Center offering signage and graphic solutions, you’ll enjoy the work/life balance of a business-to-business enterprise...

Subscribe to Franchising.com Express

A Franchise Update Media Production
Franchise Update Media | P.O. Box 20547 // San Jose, CA 95160 // PH. (408) 402-5681
Copyright © 2001 - 2017. All Rights Reserved.

In Loving Memory Of Timothy Gardner (1987-2014)