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TRO LEARNING, INC. REPORTS FIRST QUARTER REVENUES UP 15 PERCENT, NET INCOME UP 27 PERCENT

 SCHAUMBURG, Ill., March 17 /PRNewswire/ -- TRO Learning, Inc. (TRO) announced today that revenues for its first fiscal quarter ended Jan. 31, 1993 were up 15 percent from 1992 to $6,585,000, and net income was up 27 percent from 1992 to $524,000. Net income per share for the first quarter 1993 was $.10 per share, as compared to $.09 per share in 1992.
 Income from continuing operations for the first quarter 1993 was $335,000 or $.06 per share, compared to $104,000 or $.02 per share in 1992. Net income reflects an extraordinary credit for the tax benefit associated with the utilization of net operating loss carryforwards.
 In commenting on the results, William R. Roach, chairman of the board, president and chief executive officer, stated: "I am pleased with the first quarter results. Our investments in new and enhanced products, people and technology are generating very positive results. Revenues in the first quarter from the company's education and training business segment increased 34 percent, as compared to the prior year, reflecting the benefit of past investments and the growing demand for the effective and cost-efficient education and training solutions TRO provides. Additionally, the Clinton administration's strong commitment to education and training provides an environment for increased growth and expansion in the company's target markets."
 Mr. Roach went on to say, "The public offering of our common stock has placed us in a strong financial position, with significant cash and cash investments, substantial working capital, a debt-free balance sheet and a major increase in stockholders' equity. Progress toward achieving growth plans and objectives established 18 to 24 months ago has resulted in improved performance in many areas and has positioned the company to take advantage of an expected expansion in the training and education market."
 TRO Learning is a leading developer and marketer of microcomputer- based interactive, self-paced instructional and testing systems used in a wide variety of applications. The company's integrated learning systems provide flexible, effective, cost-efficient education and training alternatives to traditional classroom instruction. Offering comprehensive selections of educational courseware designed for use by adults and young adults, the company's PLATO(R) education systems are marketed as integrated learning systems under the PLATO trademark to middle and secondary schools, community colleges, job training programs, correctional institutions and other government-funded programs, as well as to private industry for use in basic skills training and enhancement. The company's aviation training systems are marketed to airlines worldwide under the TRO label for use by commercial airline pilots, maintenance crews and cabin personnel. The company also provides computer-based certification and testing services to candidates for professional certification and licensure, such as certified life underwriters, general aviation pilots and mechanics, computer professionals and healthcare personnel.
 TRO Learning, Inc. (formerly the Roach Organization, Inc.) is a multinational training, education and testing company with its headquarters in Edina, Minn., domestic sales offices located throughout the United States and international offices in Canada and the United Kingdom. TRO Learning's executive offices are at Woodfield Corporate Center, 150 North Martingale Road, Suite 700, Schaumburg, Ill., 60173, 708-517-5100.
 TRO LEARNING, INC. AND SUBSIDIARIES
 Consolidated Statement of Operations
 (Unaudited - In thousands, except share and per share amounts)
 Quarter ended Jan. 31 1993 1991
 Revenues $6,585 $5,732
 Cost of revenues 1,917 1,571
 Gross profit 4,668 4,161
 Operating expenses:
 Selling, general and administration
 expense 2,701 2,518
 Product development, technical
 support and systems integration 1,377 1,061
 Total operating expenses 4,078 3,579
 Operating income 590 582
 Interest expense (97) (164)
 Interest income and other, net 56 4
 Income from continuing operations
 before income taxes 549 422
 Provision for income taxes 214 318
 Income from continuing operations 335 104
 Loss from discontinued operations -- (9)
 Extraordinary item - tax benefit resulting
 from utilization of loss carryforwards 189 317
 Net income 524 412
 Income per common and common
 equivalent share -
 Primary(A) - pro forma basis:
 Income from continuing operations 0.06 0.02
 Extraordinary item 0.04 0.07
 Net income 0.10 0.09
 Weighted average common and common
 equivalent shares outstanding 5,255,000 4,523,000
 (A) Fully-diluted income per share is not presented since the result is equivalent to primary income per share.
 -0- 3/17/93
 /CONTACT: Sharon Fierro, senior vice president and chief financial officer of TRO Learning, Inc., 708-517-5100/
 (TUTR)


CO: TRO Learning, Inc. ST: Illinois IN: SU: ERN

SM-OS -- NY028 -- 6984 03/17/93 11:04 EST
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Date:Mar 17, 1993
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