LEARNCOM INC (fka LRCM)

[Investolator]

LEARNCOM ANNOUNCES RESULTS FOR FIRST QUARTER 2004

Bensenville, Illinois, April, 26, 2004 /Pink Sheets News Service/ -- Lloyd Singer President and CEO of LearnCom, Inc. (Pink Sheets: LRCM) reported unaudited results today for the first quarter 2004 (ending March 31).

Revenues for the three month period were $808,791. Operating Income for the quarter before Depreciation and Amortization was $2,258. We sustained a Net Operating Loss of $109,978. EBITDA for the period was a positive $47,315.

For the same period in 2003, Revenues were $1,122,913. We sustained an Operating Loss before Depreciation and Amortization of $2,337 and a Net Loss of $163,666. EBITDA was a positive $26,384.

Said Lloyd Singer: "The downward slide in revenues we've experienced for the past 18 months continued at a slower rate in Q1, 2004. While revenues were off sharply year over year, profitability actually improved as a result of continuing cost reduction. It should be noted that this decline has occurred throughout the training industry.

Another positive development is that revenues for each of the months in 2004 improved over the prior month. April has been particularly strong with three orders over $20,000...an unusual occurrence in the past two years. We expect to close April close to $400,000 in revenues for the month.

We opened our new website for business in early April - www.learncom.com. It features one of the largest electronic catalogs in the training industry with over 1000 training videos, DVDs, books and manuals, and other media. This database includes complete descriptions and is searchable by title, category and keyword. An e-commerce capability is provided that makes ordering previews and sale copies of programs easy and quick.

One of the highlights of the new website is our trademarked Trainer's Gold?, a collection of the top 125 programs in over 30 training categories. Most of the titles offer streaming of free video clips and full previews (after registration). Our goal is to accelerate the decision and buying process and make it easy to select the "best of the best" in all major HR training categories. Online previewing is much cheaper and faster than the traditional VHS video previews which must be shipped out to customers, and then returned after viewing - a long, slow and expensive process.

We also expect to release several new titles in the second half of the year which should help increase revenues at the end of 2004 and into 2005.

In April, we hired one of the top veteran salespeople in our industry. He will be our Des Moines Sales Center Team Leader. We're planning to have six direct salespeople working out of a new office in Des Moines by year-end.

While it's too early to predict a turnaround in the training market, the upward progression of monthly sales is encouraging. These increases and the other investments we're making should help LearnCom achieve a profitable year.


About LearnCom, Inc.

LearnCom, Inc. provides learning resources and consulting services to businesses, government agencies and other non-profit organizations. The Company focuses on human resources and management development - specializing in diversity and critical compliance areas including harassment prevention and employment law. LearnCom's resources are provided in a variety of formats including video, DVD, and intranet delivery. For additional information, visit www.learncom.com

This release contains forward-looking statements that involve risks and uncertainties. The company's actual results may differ materially from the results discussed in these forward-looking statements Factors that might cause such differences include, among others, terms and deployment of capital; general economic and business conditions; industry trends; changes in demand for the Company's products; the timing of orders received from customers; announcements or changes in pricing policies by the Company or its competitors and availability of management.

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