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ROCKING HORSE CHILD CARE CENTERS OF AMERICA ANNOUNCES RECORD EARNINGS

 CHERRY HILL, N.J., March 22 /PRNewswire/ -- A.J. Clegg, chairman and chief executive officer of The Rocking Horse Child Care Centers of America, Inc. (NASDAQ: RHCC) announced 1992 record net earnings of $1,805,166 on revenue of $33,497,877 vs. a 1991 net loss of $3,824,498 on revenue of $34,664,673.
 Clegg also noted the reduction in liabilities of $6,634,278 in 1992. Due to the improved financial performance and position of the company, Coopers and Lybrand, the company's independent accountants, are expected to issue an unqualified opinion.
 /delval/
 -0- 3/22/93
 /CONTACT: A.J. Clegg, chairman and chief executive officer, 215-644-5900, or F.E. Montgomery, president, 609-482-9100, both of The Rocking Horse Child Care Centers of America/
 (RHCC)


CO: The Rocking Horse Child Care Centers of America, Inc. ST: New Jersey IN: SU: ERN

MJ-LJ -- PH002 -- 8083 03/22/93 09:11 EST
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Publication:PR Newswire
Date:Mar 22, 1993
Words:152
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