NEW YORK, March 12 /PRNewswire-FirstCall/ --  Value Line, Inc. (Nasdaq: VALU) reported results for its third fiscal quarter ended January 31, 2010.  Net income for the third quarter ended January 31, 2010 of $3,570,000 or $0.36 per share was $162,000 or 4% below net income of $3,732,000 or $0.38 per share for the third quarter of the prior fiscal year.  For the nine months ended January 31, 2010 the Company's net loss of $25,633,000 or $2.57 per share was $44,969,000 below net income of $19,336,000 or $1.94 per share for the nine months ended January 31, 2009.  The operating loss, including the SEC settlement was $34,766,000 for the nine months ended January 31, 2010, which was $53,117,000 below the operating income of $18,351,000 last fiscal year. The operating and net losses of the Company were a result of the Company recording a provision for settlement of $47,706,000 for settlement and related costs associated with the Securities and Exchange Commission ("SEC") investigation during the second quarter.  Excluding the provision for settlement and a one-time charge of $720,000 for the write down of development software, operating income for the nine months ended January 31, 2010 of $13,660,000 was $4,691,000 or 26% below last fiscal year.  Operating income of $4,583,000 for the third quarter ended January 31, 2010 was level with operating income of $4,620,000 for the third quarter of the prior fiscal year.  Shareholders' equity of $49,170,000 at January 31, 2010 was 38% lower than shareholders' equity of $79,862,000 at January 31, 2009.    

Value Line, Inc. is a leading New York based publishing and investment management company. The Company believes The Value Line Investment Survey is one of the most widely read independent investment publications. Value Line also produces and publishes other proprietary investment periodicals in both print and electronic formats. The Company has copyright data, which it distributes under copyright agreements for fees including certain proprietary ranking system information and other proprietary information used in third party products, and provides investment management services to the Value Line family of no-load mutual funds and institutional and individual portfolios.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This report may contain statements that are predictive in nature, depend upon or refer to future events or conditions (including certain projections and business trends) accompanied by such phrases as "believe", "estimate", "expect", "anticipate", "will", "intend" and other similar or negative expressions, that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995.  Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to the following:

• dependence on key personnel;
• maintaining revenue from subscriptions for the Company's products;
• protection of intellectual property rights;
• changes in market and economic conditions;
• fluctuations in the Company's assets under management due to broadly based changes in the values of equity and debt securities, redemptions by investors and other factors;
• dependence on Value Line Funds for investment management and related fees;
• competition in the fields of publishing, copyright data and investment management;
• the impact of government regulation on the Company's business and the uncertainties of litigation and regulatory proceedings;
• terrorist attacks; and
• other risks and uncertainties, including but not limited to the risks described in Item 1A, "Risk Factors" of the Company's Annual report on Form 10-K for the year ended April 30, 2009, and other risks and uncertainties from time to time.

Any forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

    
    
    
                                 Value Line, Inc.
                Consolidated Condensed Summary of Financial Results
                      (in thousands, except per share amounts)
    
    
                                   For the three months For the nine months
                                   -------------------- -------------------
                                     ended January 31,   ended January 31,
                                    -----------------    -----------------
                                     2010       2009      2010       2009
                                     ----       ----      ----       ----
    
    Revenues                       $14,572    $15,856    $44,227    $54,396
    --------                       -------    -------    -------    -------
    Operating income/(loss)         $4,583     $4,620   ($34,766)   $18,351
    -----------------------         ------     ------   --------    -------
    Income from securities 
     transactions, net                $185       $927       $553    $11,643
    ----------------------            ----       ----       ----    -------
    Income/(loss) before income 
     taxes                          $4,768     $5,547   ($34,213)   $29,994
    ---------------------------     ------     ------   --------    -------
    Net income/(loss)               $3,570     $3,732   ($25,633)   $19,336
    -----------------               ------     ------   --------    -------
    Earnings/(loss) per share, 
     basic and fully diluted         $0.36      $0.38     ($2.57)     $1.94
    --------------------------       -----      -----     ------      -----
    

SOURCE Value Line, Inc.