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FRANKLIN QUEST CONCLUDES FISCAL YEAR -- EARNINGS TO MEET ESTIMATES

FRANKLIN QUEST CONCLUDES FISCAL YEAR -- EARNINGS TO MEET ESTIMATES
 SALT LAKE CITY, Sept. 1 /PRNewswire/ -- Franklin Quest Co. (NYSE: FNQ) yesterday concluded its fiscal year and today announced, on a preliminary basis, that results for the fourth quarter and the fiscal year will be in line with published analysts' estimates. The announcement was made in advance of its earnings release because of recent significant increases in trading volume of the company's common stock and a decline in its stock price. The company expects its earnings to be released in early October.
 "We are aware of certain false rumors which are circulating in the marketplace," said Arlen B. Crouch, Franklin's president and chief operating officer. "The company believes that false information is being created and communicated by certain short sellers to adversely affect the price for its stock for their own advantage." The company has notified regulatory authorities of the increase in trading volume and the inaccuracy of the information being disseminated and has requested that the Securities and Exchange Commission and the New York Stock Exchange investigate these activities.
 Franklin Quest Co. is a provider of training seminars and products designed to improve individual productivity through effective time management.
 -0- 9/1/92
 /CONTACT: Jay L. Atwood of Franklin Quest, 801-975-1776; or Shirley Thompson of Carl Thompson Assoc., 801-533-0303, for Franklin Quest/
 (FNQ) CO: Franklin Quest Co. ST: Utah IN: SU: ERP


LS-BP -- LA010 -- 5360 09/01/92 10:50 EDT
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Publication:PR Newswire
Date:Sep 1, 1992
Words:241
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