|[December 10, 2012]
Creative Learning Corporation Announces Sale of First Franchise in Hong Kong
ST. AUGUSTINE, Fla. --(Business Wire)--
Creative Learning Corporation (OTCBB:CLCN), owner and developer of
Bricks 4 Kidz®, the highly-popular children's education and
enrichment program, is pleased to announce that BFK FRANCHISE COMPANY,
LLC (a wholly owned subsidiary of Creative Learning Corporation) has
recently sold its first franchise in Hong Kong.
"The sale of the Hong Kong Franchise clearly indicates a significant
demand internationally for the Bricks 4 Kidz® program,
considering that we're now operating in eleven countries and in Puerto
Rico and in negotiations with prospective master Franchisees/franchisees
in Egypt, Botswana, Venezuela and Brazil," commented Brian Pappas, CEO
of Creative Learning. "All the staff at Creative Learning Corporation
are excited about having a presence in Hong Kong and are anticipating a
great reception," Pappas also stated.
About Creative Learning Corporation
Creative Learning Corporation, operating under the trade name Bricks 4
Kidz®, offers programs designed to teach children ages 3-13+ the basic
principles of engineering, architecture and physics using LEGO®
bricks. Through a unique franchise business mdel that includes a
proprietary Franchise Marketing Tool (FMT), the Company provides a wide
variety of programs designed to enhance students' problem solving and
critical thinking skills by designing numerous structures, devices, and
systems using proprietary LEGO® bricks and models. The
company currently has 220+ franchises and is expanding its international
reach, fulfilling an educational need in many communities that are
lacking these types of programs. With few direct competitors (i.e.
franchisors of a similar business model) and a strong business model
that's generating on average ten or more franchise sales each month, and
recurring revenue through royalties, Creative Learning Corporation has
become a solid leader in a rapidly expanding industry. For more
information, visit www.bricks4kidz.com.
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 (News - Alert) under the "Risk Factors"
sections and elsewhere in those filings.
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