Creative Learning Corporation Announces Record First Quarter Performance
AUGUSTINE, Fla. - February 17, 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 its record earnings for the quarter ending December 31, 2013. The Company generated revenues of $1,873,476, more than double that of last years’ first quarter with a pre-tax profit of $474,021 and net income of $296,815 or $.03/share. CEO Brian Pappas attributes Creative Learning’s stellar quarterly performance to a substantial increase in interest from franchise seekers as a result of increased marketing expenditures, recognition from Entrepreneur Magazine as the #1 Children’s Enrichment Franchise in the country, strong performance of the Company’s franchisees, increasing demand for Bricks 4 Kidz®, internationally (now in 22 countries), and increasing franchise sales from Challenge Island®. 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 second quarter is shaping up to be strong also with record breaking revenue in January and the same projected for February."
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. Creative Learning Corp is now operating in 22 countries and by the end of March is projecting to be in 25 countries.
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