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TRO LEARNING, INC. REPORTS SECOND QUARTER SIGNIFICANT EARNINGS INCREASE, REVENUES UP 13 PERCENT

 SCHAUMBURG, Ill., June 7 /PRNewswire/ -- TRO Learning, Inc. (NASDAQ-NMS: TUTR) ("TRO") announced today that income for its second fiscal quarter ended April 30, 1993 before an extraordinary tax benefit was $482,000 or $.08 per share, compared to $23,000 or $.01 per share in 1992. Income before an extraordinary tax benefit for the six months ended April 30, 1993 was $817,000 or $.14 per share, as compared to $118,000 or $.03 per share in 1992. The average shares outstanding for the second quarter and first six months of fiscal 1993 were 39 percent and 26 percent higher than the comparable periods of the prior year, respectively, as a result of TRO's December 1992 initial public offering of common stock.
 Revenues for the second quarter of fiscal 1993 were up 13 percent from 1992 to $6,402,000. Net income for the second quarter of fiscal 1993 was $770,000 or $.13 per share, as compared to $120,000 or $.03 per share in 1992.
 Revenues for the six months ended April 30, 1993 were up 14 percent from 1992 to $12,987,000, and net income of $1,294,000 more than doubled over the prior year. Revenues for the first six months of fiscal 1993 from the company's education and training business segment increased 27 percent, as compared to the prior year.
 In commenting on the results, William R. Roach, chairman of the board, president and chief executive officer, stated, "I am pleased to report a significant increase in earnings and continued growth in education and training courseware revenues in the second quarter and for the six months to date. I am very excited about the momentum and trends of our education and training business. Our financial performance demonstrates the continuing growth in demand for the adult-oriented computer-based education and training products offered by TRO."
 Mr. Roach went on to say, "Our financial position remains very strong, with significant cash and cash investments, substantial working capital, a debt-free balance sheet and all of our product development investments having been expensed as incurred. TRO Learning continues to be positioned to grow profitably and to take advantage of the continuing expansion of 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(R) 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, Minnesota, 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 Martingdale Road, Suite 700, Schaumburg, IL 60173, 708-517-5100.
 NOTE: PLATO is a registered trademark of TRO Learning, Inc.
 TRO LEARNING, INC. AND SUBSIDIARIES
 Consolidated Statements of Income
 (Unaudited in thousands, except share and per share amounts)
 Periods ended April 30 Quarter ended Six months ended
 1993 1992 1993 1992
 Revenues $ 6,402 $ 5,665 $ 12,987 $ 11,397
 Cost of revenues 1,392 1,802 3,309 3,373
 Gross profit 5,010 3,863 9,678 8,024
 Operating expenses:
 Selling, general and
 administrative 2,852 2,385 5,553 4,903
 Product development,
 technical support and
 systems integration 1,404 1,265 2,781 2,326
 Total operating
 expenses 4,256 3,650 8,334 7,229
 Operating income 754 213 1,344 795
 Interest expense (5) (125) (102) (289)
 Interest income and
 other, net 41 54 97 58
 Income from continuing
 operations before income
 taxes 790 142 1,339 564
 Provision for income
 taxes 380 106 522 424
 Income from continuing
 operations 482 36 817 140
 Loss from discontinued
 operations -- (13) -- (22)
 Income before
 extraordinary item 482 23 817 118
 Extraordinary item --
 tax benefit resulting
 from utilization of loss
 carryforwards 288 97 477 414
 Net income $ 770 $ 120 $ 1,294 $ 532
 Income per common and common
 equivalent share --
 Primary (A) pro forma
 basis:
 Income from continuing
 operations $ 0.08 $ 0.01 $ 0.14 $ 0.03
 Income from discontinued
 operations -- -- -- --
 Income before extraordinary
 item 0.08 0.01 0.14 0.03
 Extraordinary item 0.05 0.02 0.09 0.09
 Net income $ 0.13 $ 0.03 $ 0.23 $ 0.12
 Weighted average common
 and common equivalent
 shares outstanding 6,283,000 4,523,000 5,687,000 4,523,000
 NOTE (A): Fully-diluted income per share is not presented since the
 result is antidilutive.
 -0- 6/7/93
 /CONTACT: Sharon Fiero, senior vice president and chief financial officer of TRO Learning, Inc., 708-517-5100/
 (TUTR)


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

TM -- NY095 -- 6300 06/07/93 20:08 EDT
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