OVERLAND PARK, Kan., Oct. 9, 2007
Dane Devlin, chief operating officer of Brooke Franchise Corporation, a subsidiary of Brooke Corporation (Nasdaq: BXXX), is pleased to announce the achievement of the “$1 Billion in Premiums Milestone” that was recently reached by Brooke franchisees. The company will celebrate this accomplishment during its 2007 National Franchise Convention, scheduled for Oct. 21-23 at the South Point Hotel in Las Vegas. The celebration will be held Monday, Oct. 22, during the vendor exhibitions from 5 p.m. to 8 p.m. in Exhibit Hall D at the South Point.
During September 2007, Brooke allocated $10,498,000 in commissions to its franchisees. Based on an estimated average commission rate of 12.5 percent, Brooke franchise and company-owned locations wrote premiums in September at a rate that would exceed $1 billion on an annualized basis.
“Expanding the Brooke network by adding more locations is very important from a branding standpoint, as it gets more Brooke signs on more street corners; however, the ultimate determinant of franchise success is selling insurance. Our franchisees last month sold insurance at a rate that will equal $1 billion in premiums per year, if the trend continues,” Devlin said. “Because insurance company relationships are essential to selling insurance, we look forward to celebrating this milestone during the national convention with our franchisees and insurance company partners.”
Nearly 1,000 Brooke franchisees, employees, directors, stockholders and guests are expected to attend the 2007 convention, which features a variety of educational speakers, exhibits and entertainment, including a keynote address by Super Bowl champion coach Dick Vermeil. For more information about the convention events and speakers, visit www.BrookeAgent.com/Convention.
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