LTRE late news might be good for a pop on Freaky Friday...it's been strong the last few days.
Thursday November 2, 7:47 pm Eastern Time
Press Release
Learning Tree International Climbs the Ranks of Forbes Magazine's '200 Best Small Companies'
LOS ANGELES--(BUSINESS WIRE)--Nov. 2, 2000--Learning Tree International (Nasdaq:LTRE - news), a global leader in IT education and training, announced that it has been named one of Forbes Magazine's ``200 Best Small Companies'' as featured in the October 30, 2000 issue. This marks the second year in a row Learning Tree appears on the Forbes list, with its ranking moving up to number 68 from 102 in 1999.
Forbes examined the financial results of companies with sales up to $350 million and selected only those companies with at least five percent annual growth rate in both earnings per share (EPS) and revenues for the past five years. In addition, net income must have topped $1 million in each of the past four quarters. Even within this year's list of top performing small companies, Learning Tree stood out for both its 12-month EPS growth, with a 125% increase compared to an average for the listed companies of 76.9%, and its long-term profitability, with five-year return on equity of 29% compared to an average of 18.7%. To access this listing, go to forbes.com.
Dr. David C. Collins, the company's chairman and CEO commented, ``We are proud to be recognized again in this year's Forbes' 200 listing. The stringent criteria used in the rankings highlights the ongoing financial and operational success of Learning Tree International. It's especially gratifying that our company is being measured by our long-term financial success, which we attribute to ongoing focus throughout our organization on achieving financial performance while adhering to our mission of providing the highest quality training for IT professionals.''
About Learning Tree International
Learning Tree International is a leading worldwide provider of education and training to information technology (``IT'') professionals in business and government organizations. Learning Tree develops, markets and delivers a broad, proprietary library of instructor-led course titles focused on client/server systems, intranet/Internet technologies, computer networks, operating systems, programming languages, databases, object-oriented technology and IT management. Learning Tree also tests and certifies IT professionals, and the American Council on Education recommends its courses for college credit. For more information about Learning Tree products and services, call 800/THE-TREE, or visit us on the World Wide Web at: learningtree.com.
Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in such forward-looking statements. Such risks and uncertainties include, without limitation, the Company's dependence on the timely development, introduction and customer acceptance of courses and new products, the impact of competition and downward pricing pressures, the effect of changing economic conditions, the effect of adverse weather conditions, the Company's ability to attract and retain key management and other personnel, risks in technology development and introduction, the risks involved in currency fluctuations, the Company's ability to maintain its current operating margins and the other risks and uncertainties detailed from time to time in the Company's filings with the Securities and Exchange Commission, including the Company's Annual Report on form 10-K.
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Contact:
Learning Tree
Mary C. Adams, 310/342-2229 (Investor Relations)
maryadams@learningtree.com
or
Lippert/Heilshorn & Associates
Lillian Armstrong/David Barnard, 415/433-3777 |
