press release

Jan. 14, 2014, 10:17 a.m. EST

Creative Learning Corporation Announces Record Revenues and Earnings Fiscal Year 2013

 ST. AUGUSTINE, Fla., Jan 14, 2014 (BUSINESS WIRE) — Creative Learning Corporation CLCN -12.09% , owner and developer of Bricks 4 Kidz®, and Challenge Island ®, the highly-popular children’s education and enrichment programs, is pleased to announce record revenue and net income for its fiscal year ended September 30, 2013.

Creative Learning Corporation’s revenues for fiscal 2013 were a record $4.8 million and rose 41% compared with $3.4 million fiscal 2012. Net income for fiscal 2013 was a record $947 thousand, a 56.7% increase compared with fiscal 2012 income of $604 thousand. Net income per fully diluted share increased 60% to $0.08 compared with $0.05 last year.

“Our record results for fiscal 2013 benefited from a 26% increase in Bricks 4 Kidz® franchise sales (in aggregate both domestically and internationally), plus sales from Challenge Island® franchises, and a 100% increase in Bricks 4 Kidz® royalties. We attribute this to the continued high demand for our franchise concepts, both domestically and internationally, and our franchisees’ performance,” stated Chief Executive Officer Brian Pappas.

Creative Learning Corporation will conduct a conference call to discuss financial results of its fiscal 2013 at 1:00 p.m. EST on Friday, January 17th. The conference call number is 213-416-1560 and the access code is 5833282. Questions pertaining to the 10-k can be submitted to Brian Pappas at bpappas@creativelearningcorp.com prior to the call.

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