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ARISTOTLE CORPORATION REPORTS FIRST QUARTER RESULTS

 NEW HAVEN, Conn., April 19 /PRNewswire/ -- The Aristotle Corporation (NASDAQ: ARTL) (formerly First Constitution Financial Corporation) reported a loss of $180,000 or 2 cents per share for the first quarter of 1993 compared with a loss of $11.4 million or $1.04 per share for the comparable period in 1992. "The improvement in the net loss from last year was due almost entirely to the losses from the operation of First Constitution Bank in 1992, stated John J. Crawford, president and chief executive officer. First Constitution Bank was placed into receivership by the FDIC in October 1992.
 "At the annual meeting of shareholders held on April 13, 1993, a change in the name of the company to The Aristotle Corporation was approved," Crawford said. "Also, we are currently actively seeking the acquisition of an ongoing business. Since most of our funds are currently invested in low yielding liquid investments, we don't expect to become profitable until an acquisition is found," stated Crawford. "Until that time, we are making every effort to keep our operating expenses to a minimum."
 At March 31, 1993 total shareholders' equity was $10.7 million. Net book value per share was 98 cents. Total shares outstanding were 10,944,834. The Aristotle Corporation shares are traded on the NASDAQ Stock Market. The trading symbol is ARTL.
 THE ARISTOTLE CORPORATION
 Statements of Operations
 (in thousands except for share data)
 Three Months
 Ended March 31
 1993 1992
 Income and expenses:
 Investment income $94 $233
 Admnistrative expenses 267 183
 Income (loss) from
 continuing operations
 before income taxes (173) 50
 Income tax expense 7 90
 Loss from continuing
 operations (180) (40)
 Discontinued operations:
 Loss from operation of
 discontinued operation --- (11,369)
 Net loss $(180) $(11,409)
 Loss per share from continuing
 operations (2 cents) (1 cent)
 Loss per share from discontinued
 operations --- (1.03)
 Net loss per share (2 cents) ($1.04)
 Weighted average shares
 outstanding 10,945,094 10,956,519
 Balance Sheets
 (in thousands except for share data)
 Mar. 31, Dec. 31, Mar. 31
 1993 1992 1992
 Assets:
 Cash and cash equivalents $5,977 $10,209 $6,547
 Investments held for sale --- 12 684
 (at lower of cost or market value)
 Investments (at cost) 4,077 --- ---
 Investment in discontinued
 operation --- --- 48,358
 Other assets 1,119 1,150 2,948
 Total assets $11,173 $11,371 $58,537
 Liabilities and Shareholders' Equity
 Accrued expenses and other
 liabilities $457 $474 $2,119
 Shareholders' equity preferred shares
 $1.00 par value
 Authorized -- 3 million shares --- --- ---
 Issued -- none
 Common shares $1.00 par value
 authorized 20 million
 Issued 11,058,019 shares, 11,058,019
 and 11,058,019 outstanding 10,944,834,
 10,948,650 and 10,956,519 shares
 respectively 11,058 11,058 11,058
 Additional paid-in capital 150,313 150,313 150,313
 Retained deficit (149,052) (148,872) (103,353)
 Less treasury stock 113,185,
 109,369 and 101,500 shares at
 cost, respectively (1,603) (1,602) (1,600)
 Total shareholders' equity 10,716 10,897 56,418
 Total liabilities and
 shareholders' equity $11,173 $11,371 $58,537
 -0- 4/19/93
 /CONTACT: John J. Crawford or George Brooks-Gonyer, 203-867-4090, both of The Aristotle Corporation/
 (ARTL)


CO: The Aristotle Corporation ST: Connecticut IN: FIN SU: ERN

CH -- NE006 -- 7239 04/19/93 09:49 EDT
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Date:Apr 19, 1993
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