ST. AUGUSTINE, Fla.--([ BUSINESS WIRE ])--Creative Learning Corporation (OTCBB:CLCN), owner and developer of Bricks 4 Kidz, the highly-popular childrenas education and enrichment program, is pleased to announce that the Company has reached its 150th franchise, a milestone that was not projected to be achieved until August, 2012. The 150th franchise is located in Wichita, KS. Creative Learning now has franchises in 29 states plus the District of Columbia, Puerto Rico and 4 foreign countries.
"We are thrilled to be announcing our 150th franchise 3 months ahead of our projected schedule"
The closing of the 150th franchise clearly indicates a large demand for the Bricks 4 Kidz program. aWe are thrilled to be announcing our 150th franchise 3 months ahead of our projected schedule,a commented Brian Pappas, CEO of Creative Learning. aBased upon the contracts we have out right now and the prospective franchisees scheduled for training at the end of the month, we expect to hit 160 by the middle of July or sooner, including a Master License in Colombia and Spain, and international franchises in Poland and Malaysia,a 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 3-12 the basic principles of engineering, architecture and physics using LEGO bricks. Through a unique franchise business model that includes a proprietary Franchise Marketing Tool (FMT), the Company provides a wide variety of programs designed to enhance studentsa problem solving and critical thinking skills by designing numerous structures, devices, and systems using proprietary LEGO bricks and models. The company currently has 125 franchises and is expanding its international reach, fulfilling an educational need in many communities that are lacking these types of programs. With no direct competitors (i.e. franchisors of a similar business model) and a strong business model that is generating recurring and exponential revenue, Creative Learning Corporation is a solid leader in a rapidly expanding industry. For more information, visit [ www.bricks4kidz.com ].
SAFE HARBOR STATEMENT:This press release may contain aforward-looking statementsa that are made pursuant to the asafe harbora provisions as defined within the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words including aanticipates,a abelieves,a aintends,a aestimates,a and similar expressions. These statements are based upon managementas current expectations as of the date of this press release. Such forward-looking statements may include statements regarding the Companyas 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 Companyas financial results is included in the Companyas filings with the SEC under the aRisk Factorsa sections and elsewhere in those filings.