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CHILDREN'S DISCOVERY CENTERS ANNOUNCES THIRD QUARTER AND NINE MONTHS REVENUES AND EARNINGS

 SAN RAFAEL, Calif., Oct. 22 /PRNewswire/ -- Children's Discovery Centers of America, Inc. (NASDAQ: CDCRA) today announced its 1993 third quarter and nine months earnings and revenues.
 Net earnings for the 1993 third quarter, ended Sept. 30, were $25,000 or $.01 per share, compared to a net loss of $509,000 or $.28 per share for the corresponding 1992 quarter.
 Revenues for the 1993 quarter were $9,296,000, a 55 percent increase over last year's $5,980,000. Historically the third quarter is the company's least profitable period because the company's revenue follows the seasonality of a school year, declining during the summer months.
 For the first nine months of 1993 net earnings were $665,000 or $.22 per share, compared to a net loss of $721,000 or $.39 per share in the comparable 1992 period. Revenues for the first nine months of 1993 were $27,583,000, up 53 percent from $17,982,000 in the same period last year.
 The company also announced that same center enrollments for the new school year, which began in September, increased approximately 8 percent over last year. Average tuition prices for the now school year are approximately 5 percent higher than last year.
 Children's Discovery Centers operates 152 centers in the northeastern, Mid-Atlantic and western United States, including job site child care centers for employers.
 CHILDREN'S DISCOVERY CENTERS OF AMERICA, INC.
 Financial Results
 (Thousands Except Per Share Data)
 Periods ended Three months Nine months
 Sept. 30 1993 1992 1993 1992
 Revenues $9,296 $5,980 $27,583 $17,982
 Net income (loss) 25 (509) 665 (721)
 Net income (loss) per share .01 (.28) .22 (.39)
 Weighted average
 number of shares 3,523 1,834 3,050 1,834
 -0- 10/22/93
 /CONTACT: Richard A. Niglio, president, or Frank A. Devine, general counsel, of Children's Discovery Centers of America, Inc., 415-257-4200/
 (CDCRA)


CO: Children's Discovery Center of America, Inc. ST: California IN: SU: ERN

LD -- NY008 -- 5529 10/22/93 06:03 EDT
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Publication:PR Newswire
Date:Oct 22, 1993
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