American Learning Corporation Reports Second Quarter Results

         American Learning Corporation Reports Second Quarter Results

PR Newswire

JERICHO, N.Y., Nov. 12, 2012

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   (387,627)   (383,782)   (510,337)   (562,545)
operations
Net loss                       $ (384,701) $ (379,187) $ (503,258) $ (521,730)
Net earnings (loss) per share:
 From continuing
operations - basic             $ (0.08)    $ (0.08)    $ (0.10)    $ (0.11)
 and diluted
 From discontinued
operations - basic             $ 0.00      $ 0.00      $ 0.00      $ 0.01
 and diluted
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

Contact: Gary J. Knauer, Chief Financial Officer, American Learning
Corporation, +1-516-938-8000
 
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