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American Learning Corporation Reports First Quarter Results

American Learning Corporation (the “Company”) (NASDAQ: ALRN) announced revenues of $2,266,090 and a net loss of $49,970 ($.01 net loss per share) for the quarter ended June 30, 2010. By comparison, the Company reported revenues of $1,907,091 and a net loss of $39,770 ($.01 net loss per share) for the three months ended June 30, 2009.

During the three months ended June 30, 2010, revenues increased 18.8% over the comparable period in the prior fiscal year due to increases in preschool programs and school staffing services.

  Three Months Ended
06/30/10   06/30/09
(Unaudited)
Revenues $ 2,266,090 $ 1,907,091
 
Operating loss (50,288) (44,137)
 
Net loss $ (49,970) $ (39,770)
 
Net loss per share - basic and diluted $ (0.01) $ (0.01)
 
Weighted average shares –
basic and diluted 4,754,900 4,754,900

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.

Copyright Business Wire 2010

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