Digital Learning Management Corporation Reports Fiscal 2004 Second Quarter Results

Digital Learning Management Corporation Reports Fiscal 2004
Second Quarter Results
Revenues Increase 13% Over Q2 2003 


TORRANCE, Calif., Sept. 1  /PRNewswire-FirstCall/ -- Digital Learning
Management Corporation (OTC:DGTL) (BULLETIN BOARD: DGTL) , a provider of
private post-secondary education in North America, today reported financial
results for the second quarter ended June 30, 2004.

Revenues for the quarter were $1,467,342, compared with $1,295,710 for the same
period one year ago, representing an increase of $171,632, or 13% versus Q2 of
2003.  Net income for the quarter was $128,975, or .01 per common share.

"We have made substantial progress executing our growth strategy and remaining
a profitable company," commented Zeb Bhatti, CEO of Digital Learning
Management.  He continued, "In the second quarter we successfully closed the
acquisition of Software Education of America, Inc. (SEA), entered into a
definitive agreement to acquire TechConsults.net and arranged a re-seller
agreement with ComputerPREP, Inc., a division of ProsoftTraining to market
their courses online for a pre-determined royalty fee."

For more information, please refer to the company's 10Q filing available at
http://www.irconnect.com/dgtl/pages/sec-filings.html.

                         Three Months Ended          Six Months Ended
                               June 30,                  June 30,
                          2004        2003          2004        2003
                             (unaudited)                (unaudited)
   REVENUES            $1,467,342   $1,295,710    $2,465,597   $2,933,020
   OPERATING EXPENSES:
   Educational
    services              240,739      400,609       448,756      965,785
   General and
    administrative        616,150      222,613       984,432      544,591
   Depreciation expense    35,780       19,265        52,926       38,208
   Marketing and
    advertising           348,385      376,244       578,598      785,325
   Total operating
    expenses            1,241,054    1,018,731     2,064,712    2,333,909
   INCOME FROM
    OPERATIONS            226,288      276,979       400,885      599,111
   OTHER INCOME
    (EXPENSE)
   Shell acquisition
    costs                      --           --      (213,362)          --
   Interest expense       (65,622)     (27,725)      (96,815)     (64,576)
   Interest expense
    - non-cash
    beneficial
    conversion
    feature charge             --           --    (3,000,000)          --
   Total other
    income (expense)      (65,622)     (27,725)   (3,310,177)     (64,576)
   NET INCOME (LOSS)
    BEFORE INCOME TAXES   160,666      249,254    (2,909,292)     534,535
   Income tax
    (benefit) expense      31,691       62,637         1,836      174,019
   NET INCOME (LOSS)     $128,975     $186,617   $(2,911,128)    $360,516
   NET INCOME (LOSS)
    PER COMMON SHARE,
    BASIC                   $0.01        $0.01        $(0.14)      $0.02
   NET INCOME (LOSS)
    PER COMMON SHARE,
    DILUTED                 $0.01        $0.01        $(0.14)      $0.02
   Weighted Average
    Number of Common
    Shares
    Outstanding,
    Basic              20,103,981   17,372,839    20,103,981   17,372,839
   Weighted Average
    Number of Common
    Shares
    Outstanding,
    Diluted            20,569,610   17,372,839    20,103,981   17,372,839



  About Digital Learning Management Corporation


Digital Learning Management Corporation (DLMC) is a provider of private
post-secondary education in North America.  Its education institutions offer a
broad range of academic programs in Information Technology, Business &
Management, Telecommunications and other Applied Industrial Technologies,
culminating in the award of certificates through Bachelor degrees.  With its
proprietary Web-based Campus Management System (CourseMate Virtual University
System), its learning institutions are able to seamlessly implement a 'Blended
Learning' environment and provide a powerful learning experience, whether in a
traditional classroom setting or delivered directly to a desktop computer. The
CourseMate Virtual University System is an end-to-end Campus and Learning
Management platform that leverages the Internet to fully integrate all aspects
of education, resulting in a profoundly effective way to instruct and learn.

For further information please contact: Zeb Bhatti, CEO of Digital Learning
Management Corporation, [phone], http://www.dlmcweb.com/; or Investor
Relations, Mark Moline of Cinapsys, Inc., [phone] or +1-866-EASY-IRM, ,
for Digital Learning Management Corporation

This press release contains information that constitutes forward-looking
statements made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995.  Any such forward-looking statements
involve risk and uncertainties that could cause actual results to differ
materially from any future results described within the forward-looking
statements.  Risk factors that could contribute to such differences include
those matters more fully disclosed in the Company's reports filed with the
Securities and Exchange Commission.  The forward-looking information provided
herein represents the Company's estimates as of the date of the press release,
and subsequent events and developments may cause the Company's estimates to
change.  The Company specifically disclaims any obligation to update the
forward-looking information in the future.  Therefore, this forward-looking
information should not be relied upon as representing the Company's estimates
of its future financial performance as of any date. 

DATASOURCE: Digital Learning Management Corporation



CONTACT:  Zeb Bhatti, CEO of Digital Learning Management Corporation,

[phone]; or Investor Relations, Mark Moline of Cinapsys, Inc.,

[phone] or +1-866-EASY-IRM, , for Digital Learning

Management Corporation



Web site:  http://www.irconnect.com/dgtl/pages/sec-filings.html 

Web site:  http://www.dlmcweb.com/ 

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