Brooke (AMEX:BXX)
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Brooke Corporation CEO Increases Ownership Interest in Brooke
Holdings, Inc.
OVERLAND PARK, Kan., April 4 /PRNewswire-FirstCall/ -- Brooke Holdings, Inc.,
the controlling shareholder of Brooke Corporation (AMEX:BXX) and Robert D. Orr,
chief executive officer of Brooke Corporation (AMEX:BXX) and majority
shareholder of Brooke Holdings, Inc., today reported in filings with the
Securities and Exchange Commission the exchange by Brooke Holdings, Inc. of
91,872 shares of Brooke Corporation common stock for 3,828 shares of Brooke
Holdings, Inc. stock. The exchanges are a part of Robert Orr's personal
financial plans announced by Brooke Corporation on August 31, 2004, and
resulted in an increase in his ownership interest in Brooke Holdings. The
exchanges occurred on March 31, 2005, pursuant to three separate Rule 10b5-1
Exchange Agreements entered into in late 2004 with three individual
shareholders of Brooke Holdings, Inc.
About our company ... Brooke Corporation (AMEX:BXX) is listed on the American
Stock Exchange under the symbol of BXX. Brooke Corporation is a holding
company with three primary subsidiaries. Brooke Franchise Corporation is a
subsidiary that distributes insurance and financial services through a network
of approximately 385 franchise locations as of February 28, 2005. The Brooke
organization was founded on the belief that local business owners distribute
insurance and financial services more efficiently than others if supported by a
franchise system. Brooke Credit Corporation is a subsidiary that originates
loans to insurance agencies, financial services practices, funeral homes and
other local businesses, including Brooke franchises. Loan portfolio balances
totaled approximately $194,000,000 on February 28, 2005. Loans have been mostly
sold as individual loans to participating lenders or as pooled loans to
investors through asset backed securitizations. Brooke Brokerage Corporation is
a subsidiary holding company with subsidiaries that sell insurance on a
wholesale basis primarily through locally owned insurance agencies, including
Brooke franchises. Through Bermuda based subsidiaries, underwriting risks are
shared with insurance companies on selected policies.
Email Distribution ... If you would like to receive electronic press release
information then please visit the "Investor Relations" section of our website
at http://www.brookecorp.com/ and subscribe to our "Email Alerts" on- line.
This press release may contain forward-looking statements. Investors are
cautioned that all forward-looking statements involve risks and uncertainties,
and several factors could cause actual results to differ materially from those
in the forward-looking statements. The following factors, among others, could
cause actual results to differ from those indicated in the forward-looking
statements: the uncertainty that the Company will achieve its short-term and
long-term profitability and growth goals, uncertainties associated with market
acceptance of and demand for the Company's products and services, the impact of
competitive products and pricing, the dependence on third party suppliers and
their pricing, its ability to meet product demand, the exposure to market
risks, uncertainties associated with the development of technology, changes in
the law and in economic, political and regulatory environments, changes in
management, the dependence on intellectual property rights, and the
effectiveness of internal controls. Investors are directed to the Company's
most recent annual and quarterly reports, which are available from the Company
without charge or at http://www.sec.gov/ , for a more complete description of
the Company's business.
DATASOURCE: Brooke Corporation
CONTACT: Anita Larson of Brooke Corporation, +1-913-661-0123,
Web site: http://www.brookecorp.com/