Learning Tree (NASDAQ:LTREE)
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Learning Tree International, Inc. (NASDAQ:LTREE)
announced today that Learning Tree's previously announced delay in
filing its fiscal year 2005 Annual Report on Form 10-K could make it
subject to delisting from The Nasdaq National Market. Learning Tree
intends to request a hearing before a Nasdaq Listing Qualifications
Panel to review the issue, and no delisting will occur pending the
outcome of that hearing.
Learning Tree International is a leading worldwide provider of
vendor-independent education and training to IT professionals and
managers in business and government organizations. Learning Tree
develops, markets and delivers a broad, proprietary library of
instructor-led courses focused on Web development, operating systems,
programming languages, databases, computer networks, computer and
network security, object-oriented technology, applied management,
project management and key business skills. Learning Tree also tests
and certifies technology and business professionals, and Learning Tree
courses are recommended for college credit by the American Council on
Education. In addition, Learning Tree is on the National Association
of State Boards of Accountancy National Registry of CPE sponsors and
is a Registered Education Provider of the Project Management Institute
(PMI). For more information about Learning Tree products and services,
call 1-800-THE-TREE (1-800-843-8733), or visit www.learningtree.com.
Except for historical information contained herein, the matters
addressed in this press release are forward-looking statements. Please
do not put undue reliance on these forward-looking statements, since
they are based on key assumptions about future risks and
uncertainties. Although Learning Tree believes that its assumptions
are reasonable, inevitably some will prove to be incorrect. As a
result, Learning Tree's actual future results can be expected to
differ from those in the discussion that follows, and those
differences may be material. Learning Tree is not undertaking any
obligation to update forward-looking statements.
In order to help the reader assess the major risks in Learning
Tree's business, Learning Tree has identified many, but not all, of
these risks in Exhibit 99.1, "Risk Factors" to Learning Tree's Annual
Report on Form 10-K ("Exhibit 99.1"). Please read that exhibit
carefully. Some of the factors discussed in Exhibit 99.1 that could
affect Learning Tree include: risks associated with the timely
development, introduction, and customer acceptance of Learning Tree's
courses; competition; international operations, including currency
fluctuations; changing economic and market conditions; technology
development and new technology introduction; efficient delivery and
scheduling of Learning Tree's courses; adverse weather conditions,
strikes, acts of war or terrorism and other external events; and
attracting and retaining qualified personnel.