Printer Friendly
The Free Library
19,573,962 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Computer Learning Centers announces preliminary fourth quarter results and approval to operate new Pennsylvania center.


FAIRFAX, Va.--(BUSINESS WIRE)--Feb. 26, 1996--Computer Learning Centers, Inc. (Nasdaq National Market:CLCX) ("CLC (The Computer Language Company Inc.) The publisher of this Encyclopedia. See About this product. "), a national provider of information technology and computer-related education and training, today announced it expects to report that revenues for the fourth quarter ended January 31, 1996 increased to between $12.1 million and $12.2 million from $10.4 million for the same period a year ago.

Net income for the fourth quarter is expected to be between $850,000 and $950,000, or $.20 and $.22 per share, versus net income, exclusive of income from discontinued operations Discontinued operations

Divisions of a business that have been sold or written off and that no longer are maintained by the business.
, of $479,000, or $.18 per share, for the fourth quarter last year. Management noted that there were approximately 60% more shares outstanding in the fiscal 1996 fourth quarter over the same quarter in 1995, primarily the result of the Company's initial public offering in June 1995.

The Company also announced that on February 9, 1996 the Pennsylvania State Department of Education granted CLC approval to begin offering programs of study at the Company's new Valley Forge, Pennsylvania This article is about the Village of Valley Forge, in southeastern Pennsylvania. For other uses, see Valley Forge (disambiguation).
The Village of Valley Forge is an unincorporated settlement located on the west side of Valley Forge National Historical Park at the
 site. This site is staffed and operational, and classes are expected to begin in March 1996.

Reid Bechtle, 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, 1996 was 4,889, a 16.9% increase over the comparable prior year."

Mr. Bechtle continued, "We are excited about offering CLC technology training programs in this suburban Philadelphia location, which will augment aug·ment  
v. aug·ment·ed, aug·ment·ing, aug·ments

v.tr.
1. To make (something already developed or well under way) greater, as in size, extent, or quantity:
 our existing presence in the city of Philadelphia. With this latest center we have opened three new sites within the last 60 days, increasing to 11 the total number of CLC locations nationwide."

Computer Learning Centers provides information and computer-related education and training at 11 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 .

CONTACT: Computer Learnings Centers Inc., Fairfax

Charles Cosgrove, CFO See Chief Financial Officer. , 703/359-9333

or

The Equity Group, New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 

Devin Sullivan, 212/836-9608

Tamara Ehlin, 212/836-9607
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Feb 26, 1996
Words:377
Previous Article:United Waste Systems reports positive 1995 results; also acquires companies with approximately $8 million in annualized revenues.
Next Article:Raytheon receives $212 Million satellite communications award.
Topics:



Related Articles
Computer Learning Centers, Inc. signs leases to open Learning Centers in Dallas and Houston.
Computer Learning Centers Announces Fiscal 1997 Fourth Quarter and Year End Results.
Computer Learning Centers Announces Title IV Eligibility for Three New Learning Centers.
HealthStream Announces Fourth Quarter Results.
HealthStream Announces First Quarter 2001 Results.
HealthStream Announces Third Quarter 2001 Results.
HealthStream Announces 2001 Internet-Based Learning Network Growth.
HealthStream Announces Fourth Quarter 2001 Results.
HealthStream Announces First Quarter 2002 Results.
HealthStream Announces First Quarter 2003 Results.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles