Exhibit 99.1 Brooke Corporation Releases Subsidiary Results for July 2004 OVERLAND PARK, Kan., Aug. 20 /PRNewswire-FirstCall/ -- Kyle Garst, Vice President of Brooke Corporation (Amex: BXX), announced selected July results for the Company's franchise and finance subsidiaries. Garst announced that the Company's franchise subsidiary, Brooke Franchise Corporation, consulted with franchisees and others in the acquisition of businesses in the states of Arizona, Texas, Illinois, New York, and Pennsylvania. Garst stated, "As a result of these acquisitions, Brooke Franchise Corporation added a total of fourteen new franchise locations and received over $1,920,000 in consulting fees from unrelated entities." To help observers put the July expansion into perspective, Garst noted that a record total of twenty-five new franchise locations were added in June 2004 resulting in $1,701,500 in consulting fees from unrelated entities. Twelve new franchise locations were added in May 2004 resulting in $1,475,600 in consulting fees from unrelated entities. Garst also announced that loan portfolio balances of the Company's finance subsidiary, Brooke Credit Corporation, totaled over $141,800,000 on July 31, 2004, as compared to loan portfolio balances of $137,500,000 on June 30, 2004, and $134,000,000 on May 31, 2004. Portfolio balances exclude loan balances of sister companies. About our company ... Brooke Corporation is listed on the American Stock Exchange under the symbol of BXX. Through subsidiaries, the Company distributes insurance, financial and related services through a network of more than 327 franchise locations. The Company's finance subsidiary has a loan portfolio exceeding $141,000,000 which has primarily been sold to participating lenders or to investors through asset backed securitizations. A Company subsidiary also sells insurance on a wholesale basis through its franchisees and others. The Company believes that franchisees, as local business owners, distribute "one-on-one sales" based services, such as insurance, more efficiently than others. Email Distribution ... If you would like to receive electronic press release information then please visit the "Investor Relations" section of our website at http://www.brookecorp.com and subscribe to our "Email Alerts" on-line. This press release may contain forward-looking statements. Investors are cautioned that 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: uncertainties associated with market acceptance of and demand for the Company's products, impact of competitive products and pricing, dependence on third party suppliers and their pricing, ability to meet product demand, exposure to market risks, uncertainties associated with the development of technology, changes in the law, the dependence on intellectual property rights, and the effectiveness of internal controls. Investors are directed to the Company's most recent annual and quarterly reports, which are available from the Company without charge for a more complete description of the Company's business. SOURCE Brooke Corporation -0- 08/20/2004 /CONTACT: Kyle Garst of Brooke Corporation, +1-800-642-1872, ext. 121, or garsk@brookecorp.com / /Web site: http://www.brookecorp.com/ (BXX) CO: Brooke Corporation; Brooke Franchise Corporation; Brooke Credit Corporation ST: Kansas IN: FIN SU: