Computer Learning Centers Announces Preliminary Fourth Quarter Results.FAIRFAX Fairfax, city (1990 pop. 19,622), historic seat of Fairfax co., NE Va., a residential suburb of Washington, D.C.; inc. 1892, as a city 1961 (at which time it became independent and no longer included in a county). There is some light manufacturing. , Va.--(BUSINESS WIRE)--February 24, 1997--Computer Learning Centers, Inc. (Nasdaq National Market: CLCX) ("CLC (The Computer Language Company Inc.) The publisher of this Encyclopedia. See About this product. ") today announced it expects to report that revenues for the fourth quarter ended January January: see month. 31, 1997 will increase to approximately $18.1 million from $12.2 million for the fourth quarter last year. Net income for the fiscal 1997 fourth quarter is expected to be between $1.6 million and $1.7 million, or $.29 and $.31 per share, versus net income of $1.0 million, or $.23 per share, for the fourth quarter last year. Management noted that there were approximately 24% more shares outstanding in the fiscal 1997 fourth quarter over the same period in 1996, primarily as a result of the issuance of 734,352 shares in connection with the Company's secondary public offering in October October: see month. 1996. Reid Bechtle Bechtle AG is a German technology company listed on the TecDAX stock index. Established in 1983, the company operates from over 60 locations throughout Europe, with the headquarters in Germany and offices in Switzerland, UK, Italy, Netherlands, France, Austria, Spain and , President and Chief Executive Officer of CLC, commented, "We are extremely pleased with the strong fourth quarter results, which were primarily the result of increased enrollment and the popularity of CLC's longer programs including Associate Degree programs. The total number of students attending all of the Company's Learning Centers at January 31, 1997 was approximately 6,425, a 32% increase from the prior year period." Computer Learning Centers provides information and computer-related education and training at 14 Learning Centers in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The Company designs programs and courses to meet current information technology education needs, offering instruction in technologies such as client server, databases, networking and object-oriented programming object-oriented programming, a modular approach to computer program (software) design. Each module, or object, combines data and procedures (sequences of instructions) that act on the data; in traditional, or procedural, programming the data are separated from the . This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . The words "believe," "expect," "anticipate," and "project," and similar expressions identify forward-looking statements, which speak only as of the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Forward looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, including the loss of eligibility of the Company's Chicago Learning Center and the possible loss of eligibility of the Company's Philadelphia Learning Center to participate in Title IV programs, competition and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. CONTACT: Computer Learning Centers, Inc. Charles Cosgrove Chief Financial Officer 703/359-7702 or CLCX's INVESTOR RELATIONS Investor relations The process by which the corporation communicates with its investors. COUNSEL: The Equity Group Devin Sullivan, 212/836-9608 Tamara Ehlin, 212/836-9607 |
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