Creative Learning Corporation Announces Authorization for Stock Buyback of 100,000 Shares of Common Stock
100,000 Shares of Common Stock Authorizes for Buyback
St. Augustine, FL (PRWEB) January 28, 2015 - Creative Learning Corporation (OTC: CLCN), owner and developer of Bricks 4 Kidz®, and Challenge Island®, the highly-popular children's education and enrichment programs, today announced that its board of directors has authorized a stock buyback of 100,000 shares of the Company's common stock. The company may purchase common stock through open market and privately negotiated transactions at prices deemed appropriate by management. The timing, the amount of repurchase transactions and the prices paid for the stock under this program will depend on market conditions as well as corporate and regulatory limitations, including blackout period restrictions.
Brian Pappas, CEO of Creative Learning, commented "Our business model is very efficient and scalable with minimal capex required, as proven by our double digit growth and solid cash flow. With over $3 million of cash on our balance sheet, we are in a fortunate position to take advantage of the current market weakness by opportunistically buying back stock. We will continually consider opportunities that allow us to deliver value to our shareholders as we continue to scale our business and grow our cash flow."
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
David Waldman | Natalya Rudman
Crescendo Communications, LLC
(212) 671-1020 x304