Brooke Franchise Corporation Agrees To Acquire Insurance Agency Network

(Thursday, September 27, 2007) - Brooke Franchise
Corporation, a subsidiary of Brooke Corporation (NASDAQ: BXXX), announces an
agreement to acquire 60 insurance agency locations from entities associated
with Chicago-based J and P Holdings Inc. The acquisition is expected to close
on Sept. 28, 2007 and is subject to typical closing conditions.

The agencies currently sell auto insurance under the trade names of Lone Star
Auto, Insurance Xpress, Car Insurance Store, Hallberg Insurance Agency and
Hallberg Xpress in Colorado, Illinois, Kansas, Missouri and Texas. The
acquired agencies will be converted into Brooke franchises or merged into
existing Brooke franchise locations.

"This acquisition is a good geographical fit with our existing franchise
locations that specialize in auto insurance sales and provides opportunity
for current Brooke franchisees to grow through acquisition," said Kyle Garst,
Brooke Franchise Corporation's chairman and chief executive officer. "It also
increases our franchise location count to approximately 900 locations and
additional franchise locations generate additional branding and processing
economies of scale."

About our company ... Brooke Franchise Corporation is a subsidiary of Brooke
Corporation (NASDAQ: BXXX) that distributes insurance and banking services
through a network of more than 800 franchise locations. Brooke Franchise was
named the country's No. 37 top franchise by Entrepreneur magazine (2007). For
more information, visit http://www.brookeagent.com/.

Contact ... Kyle Garst, 913-661-0123 ext. 508, kyle.garst@brookeagent.com

E-mail Distribution ... To receive electronic press alerts, visit the Brooke
Corporation Media Room at http://brookecorp.mediaroom.com and subscribe to
our e-mail alerts online through the Get the News link.

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 successfully complete this acquisition,
integrate acquired operations into the Company's existing business and
achieve expected returns from the acquisition, 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, its 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, 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.

SOURCE: Brooke Franchise Corporation

CONTACT: Kyle Garst of Brooke Franchise Corporation, +1-913-661-0123,
ext. 508, kyle.garst@brookeagent.com

Web site: http://www.brookeagent.com/
http://www.brookecorp.com/

View all Brooke Press Releases

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