Creative Learning Corporation Announces Record 3(rd) Quarter Performance
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--August 14, 2013--
Creative Learning Corporation (OTCBB:CLCN), owner and developer of Bricks 4 Kidz(R) , the highly-popular children’s education and enrichment program, is pleased to announce its record earnings for the quarter ending June 30, 2013. The Company generated revenues of $1,586,063, nearly double that of last years’ third quarter with a pre-tax profit of $565,063, over 4 times last years’ performance resulting in $.05/share. CEO Brian Pappas attributes the quarterly results to a substantial increase in interest from franchise seekers, strong performance of the Company’s franchisees, an increase in franchise sales from the Company’s franchisees, increasing demand for Bricks 4 Kidz(R), internationally (now in 15 countries), and the introduction of Creative Learning Corporation’s new franchise concept, Challenge Island(R) , which is starting to show traction both in sales to new franchisees and to the Company’s current franchisees. Pappas stated, “You don’t sell franchises in any franchise system unless the franchisees are doing well. We focus tremendous energy on our franchisees through our support system and are constantly seeking ways to assist them in their local businesses. Our fourth quarter is shaping up to be strong also, though not as strong as our third quarter, which historically has been our strongest quarter.”