Digital Learning Management Corporation Reports Fiscal 2004 Second Quarter Results

Name	Symbol	Market	Type
Exchange Traded Fund	BIT:DGTL	Italy	Exchange Traded Fund

Name

Symbol

Market

Type

Exchange Traded Fund

BIT:DGTL

Italy

Exchange Traded Fund

	Price Change	% Change	Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Traded	Last Trade
	-0.293	-3.07%	9.246	8.70	9.419	9.489	9.271	9.452	14,495	17:00:00

Price Change

% Change

Price

Bid Price

Offer Price

High Price

Low Price

Open Price

Traded

Last Trade

-0.293

-3.07%

9.246

8.70

9.419

9.489

9.271

9.452

14,495

17:00:00

Digital Learning Management Corporation Reports Fiscal 2004 Second Quarter Results

01/09/2004 2:30pm

PR Newswire (US)

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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, +1-310-921-3444, http://www.dlmcweb.com/; or Investor Relations, Mark Moline of Cinapsys, Inc., +1-949-497-6684 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, +1-310-921-3444; or Investor Relations, Mark Moline of Cinapsys, Inc., +1-949-497-6684 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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