BCP Brooke Capital Corp.

OVERLAND PARK, Kan., March 13 /PRNewswire-FirstCall/ -- Brooke Capital Corporation (AMEX:BCP) today reported its fourth quarter financial results for the quarter ended Dec. 31, 2007. "Overall I am pleased with our 2007 results," said Kyle Garst, chief executive officer of Brooke Capital Corporation. "As we enter into 2008 I believe our organization is very well positioned to capitalize on the large market opportunity in front of us, and we have the right team, organizational structure and operational discipline to execute on our strategy." The following includes net earnings and revenue information as reported for the three- and twelve- month periods ended Dec. 31, 2007. However, to provide investors with a clearer picture of Brooke Capital's financial results, certain pro forma financial information is provided to illustrate how Brooke Capital's results of operations would have been if the company included the results of operations for Delta Holdings for the periods presented. Reported Results of Operations Net earnings reported for year ended Dec. 31, 2007, totaled $2.4 million or 28 cents per diluted share, on reported revenues of $172 million, compared to net earnings of $3.5 million or 50 cents per diluted share, on reported revenues of $144 million for the same period in the prior year. For the year, total revenues increased 19 percent. Reported net loss for the three months ended Dec. 31, 2007, totaled $2.3 million or 27 cents per diluted share, on reported revenues of $40.1 million, compared to net earnings of $1 million, or 13 cents per diluted share, on reported revenues of $35.2 million for the same period in the prior year. For this three-month period, total reported revenues increased 14 percent. Insurance Company Segment On a pro forma basis, assuming the proposed acquisition of Delta Plus occurred as of Jan. 1, 2007, this segment had total revenues of $19.2 million and income before taxes of $677,000 for the year ended Dec. 31, 2007. Insurance Agency Segment Insurance agency operations generated total revenues of $166.2 million and income before taxes of $5.1 million for the year ended Dec. 31, 2007. Comparatively, insurance agency operations total revenues and income before taxes from franchise and consulting activities totaled $143.5 million and $5.0 million during the year ended Dec. 31, 2006. Corporate Segment Revenues for Brooke Capital parent company-only are not significant. On a pro forma basis, the parent company-only incurred losses before income taxes of $1.8 million for the year ended Dec. 31, 2007. During 2007 Brooke Capital Corporation's insurance agency segment incurred net expenses totaling $15.6 million for the purpose of assisting insurance agency borrowers pursuant to collateral preservation agreements with lenders. Brooke Capital Corporation began invoicing lenders for the cost of providing these borrower assistance services in 2008. Additional information is provided in the quarterly report on Form 10-K filed with the Securities and Exchange Commission by Brooke Capital Corporation and Brooke Corporation. Earnings Conference Call Brooke Capital Corporation's Chief Executive Officer, Kyle Garst, and Chief Operating Officer, Dane Devlin, along with Chairman, Robert D. Orr, and Vice Chairman, Michael Hess, will host an investor and analyst conference call on Friday, March 14, at 9 a.m. CDT (10 a.m. EDT) to discuss its financial and operating results for the fourth quarter of 2007. To join the call, please dial 1-866-831-6270 in the United States and Canada, or 1-617-213-8858 if calling internationally. The conference ID number is 12308790. A live broadcast of the call will be available on the Investor Relations section of Brooke Capital Corporation's Web site at http://www.brookeagent.com/conference_call.html. A replay of this call will be available for eight days by using the dial-in 1-888-286-8010 in the United States and Canada and 1-617-801-6888 if calling internationally. The replay conference ID number is 14152271. About Brooke Capital Corporation ... Brooke Capital Corporation is an affiliate of Brooke Corporation that operates a life insurance company and has agreed to acquire an auto insurance company. As the result of a recent merger with Brooke Franchise Corporation, the company's insurance company business is supported by a network of independent insurance agency franchises. For more information, visit http://www.brookeagent.com/. This press release contains forward-looking statements. 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, the ability to meet product demand, the availability of funding sources, 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, the effectiveness of internal controls, the risk that all closing conditions may not be met and the proposed merger of Brooke Franchise into Brooke Capital may not close and risks and factors described from time to time in reports and registration statements filed by Brooke Corporation with the Securities and Exchange Commission. A more complete description of Brooke's business is provided in Brooke Corporation's most recent annual, quarterly and current reports, which are available from Brooke Corporation without charge or at http://www.sec.gov/. DATASOURCE: Brooke Capital Corporation CONTACT: investors, Karen Haus of Market Street Partners, +1-415-445-3238, , for Brooke Capital Corporation Web site: http://www.brookeagent.com/

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