Creative Learning Corporation Announces Preliminary Results
Projects Revenue Growth Over 60% and EBITDA of $1.6-$1.7 Million for Fiscal 2014; Revenue Growth for Creative Learning Corporation over 60%
St. Augustine, FL (PRWEB) October 27, 2014 - Creative Learning Corporation (OTC: CLCN), owner and developer of Bricks 4 Kidz®, Challenge Island® and Sew Fun Studios®, the highly-popular children’s education and enrichment programs, today announced preliminary results for the fiscal year ending September 30, 2014.
Brian Pappas, CEO of Creative Learning, commented, "We continued to generate very strong top and bottom line growth. I am pleased to report that we currently anticipate revenue in the range of $7.7 to $7.8 million, and EBITDA in the range of $1.6 to $1.7 million for fiscal 2014. This represents over 60% revenue growth compared to fiscal 2013. We attribute this growth to the rapid roll-out of our Bricks 4 Kidz® franchises and the early success we have experienced with Challenge Island®. At the same time, we have maintained a solid balance sheet and a very clean capital structure."
"Looking ahead to fiscal 2015, we expect to continue our strong growth and further enhance our profitability. Specifically, we look forward to adding at least 120-150 new Bricks 4 Kidz franchises and entering at least 5 new countries bringing our total to over 40 countries. Our goal is to add at least 20 new Challenge Island® franchises and enter at least 3 new countries outside of the U.S. by the end of 2015. In terms of Sew Fun Studios®, we are in the process of revamping the model to become a mobile business model, which has proven successful with Bricks 4 Kidz® and Challenge Island® by lowering the capital requirements for the franchisees. Our goal is to open at least 15 Sew Fun Studios® franchises in fiscal 2015. We believe the market could easily support over 3,000 franchise locations in the U.S. alone and over 10,000 locations internationally, for each of our franchise concepts, and we have barely scratched the surface of this enormous opportunity."
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 35 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.
SOURCE Creative Learning Corporation
Creative Learning Corporation
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