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American Learning Corporation Reports Second Quarter Results

JERICHO, N.Y., Nov. 12, 2012 /PRNewswire/ -- American Learning Corporation (the "Company") (NASDAQ: ALRN) announced revenues of $311,659 and $1,416,902 and net losses of $384,701 ($.08 net loss per share) and $503,258 ($.10 net loss per share) for the three and six months ended September 30, 2012, respectively. By comparison, the Company reported revenues of $465,754 and $1,345,651 and net losses of $379,187 ($.08 net loss per share) and $521,730 ($.11 net loss per share) for the three and six months ended September 30, 2011, respectively.

During the three months ended September 30, 2012 revenues decreased approximately 33.1% from the comparable period in the prior fiscal year as a result of decreases in revenue from preschool programs and school staffing services. Revenues for the six months ended September 30, 2012 increased 5.3% over the six months ended September 30, 2011.

		Three Months Ended				Six Months Ended
		09/30/12		09/30/11		09/30/12		09/30/11
		(Unaudited)				(Unaudited)
Revenues	$	311,659	$	465,754	$	1,416,902	$	1,345,651

Operating loss from continuing operations		(387,627)		(383,782)		(510,337)		(562,545)

Net loss	$	(384,701)	$	(379,187)	$	(503,258)	$	(521,730)

Net earnings (loss) per share:
From continuing operations - basic and diluted	$	(0.08)	$	(0.08)	$	(0.10)	$	(0.11)
From discontinued operations - basic and diluted	$	0.00	$	0.00	$	0.00	$	0.01

Weighted average shares –
basic and diluted		4,919,615		4,919,615		4,919,615		4,864,710

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.

SOURCE American Learning Corporation