PHILLIPSBURG, KS -- (Marketwire) -- 09/30/08 -- Robert Orr is the largest shareholder and a director of Brooke Capital Corporation (AMEX: BCP). Beginning in August 2008, Orr spearheaded the implementation of Brooke Capital's collection strategy to recover past due servicing fees and expenses owed to Brooke Capital by securitization investors. The legality and advisability of this collection strategy were fully discussed with internal and external legal counsel prior to implementation. Despite Orr's reliance on the advice of legal counsel, the representative for securitization investors labeled Brooke Capital's collection efforts a "misappropriation" of funds in a recent lawsuit that discredited Orr. Orr stated that there has not been any "misappropriation" and that Brooke Capital asserted its rights to monies owed by the securitization investors.

To support its "misappropriation" allegations, the representative for securitization investors stated that Brooke Capital has "... put in place a phony records system..." and "have altered their computer systems to conceal information...". On September 20, 2008, Orr sent a memorandum to the Brooke Capital board of directors asking for an immediate investigation by Brooke Capital's internal auditors of the investors' statements. Orr also requested that the auditors' findings be reviewed by the independent consulting firm that has been engaged over the course of the last several years to assist Brooke Capital with the internal control processes required by the Sarbanes Oxley act.

The representative for securitization investors has also stated that Brooke Capital was "... offering special repayment deals to borrowers..." and "... conducting sales of collateral without consultation..." as additional support for its allegations. Orr stated that he was unaware of any basis for these allegations and also asked the Brooke Capital board of directors for an immediate analysis by the board of all communications with Aleritas Capital and Textron Business Services regarding agency collateral liquidations.

Orr stated that, at a special meeting of the Brooke Capital board of directors held on September 26th, 2008, Orr's requests for immediate investigations were approved. Orr also stated that, during the September 26th board meeting, Brooke Capital's internal and external legal counsel reported that they were not aware of any unethical or illegal behavior by the company or its management. Internal counsel also reported to the board that Brooke Capital's auditors had stated in a recent phone call that they were not aware of any unethical or illegal behavior by the company or its management.

Orr said, "These are difficult times for Wall Street. However, the actions of these Wall Street investors have caused my family and close associates considerable heartache and significant financial losses. In the coming months and years, I will spend all of my time and resources pursuing remedies for this injustice."