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AMERICAN LEARNING CORPORATION
REPORTS FIRST QUARTER RESULTS
JERICHO, NY, August 10, 2012: American Learning Corporation (the “Company”) (NASDAQ:ALRN) announced revenues of $1,105,243 and a net loss of $118,557 ($.02 net loss per share) for the three months ended June 30, 2012. By comparison, the Company reported revenues of $879,897 and a net loss of $142,543 ($.03 net loss per share) for the three months ended June 30, 2012.
During the three months ended June 30, 2012 revenues increased 25.6% over the comparable period in the prior fiscal year due to increases in school staffing services to charter schools.
|Three Months Ended|
|Operating loss from continuing operations||(122,710||)||(178,763||)|
|Loss before discontinued operations||(118,557||)||(174,394||)|
|Net earnings (loss) per share:|
|From continuing operations - basic and diluted||$||(0.02||)||$||(0.04||)|
|From discontinued operations - basic and diluted||$||-||$||0.01|
|Weighted average shares – basic and diluted||4,919,615||4,809,805|
American Learning Corporation, through its wholly owned subsidiaries, Interactive Therapy Group Consultants, Inc. and Signature Learning Resources, Inc., offers a comprehensive range of services to children with developmental delays and disabilities.
For further information contact: Gary J. Knauer, Chief Financial Officer, American Learning Corporation, One Jericho Plaza, Jericho, NY 11753; telephone number (516) 938-8000.
The following information was filed by American Learning Corp on Friday, August 10, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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