RESTON, VA (January 23, 2012)
Learning Tree International, Inc. (NASDAQ: LTRE) announced today that Bob Waldron, the company's Chief Financial Officer, has accepted a position with Sundrop Fuels (www.sundropfuels.com), a gasification-based advanced biofuels company with corporate headquarters in Colorado. He will continue as the CFO of Learning Tree through February 29, 2012.
"Bob's decision is unrelated to the recent change in our Chief Executive Officer. Coming on the heels of last week's announcement, we believe it is important to clarify that the two decisions are completely independent of each other," explained Dr. David C. Collins, Chairman and CEO. "We understand that Bob has been given a uniquely attractive opportunity at Sundrop Fuels, and we wish him the best of success in his new position. We are now in the process bringing an interim CFO on board."
Learning Tree has scheduled a conference call for today, January 23, 2012, at 4:30 p.m. EST to discuss the changes in its leadership. To participate, go to Learning Tree's website at www.learningtree.com and click on the Investor Relations tab to gain access to listen to the live webcast or dial into the following telephone conference line: U.S. Toll Free (1-888-482-0024), International (+1-617-801-9702), Passcode (966-292-77). If you are unable to participate, the webcast replay can also be accessed via the Internet through the Investor Relations section of Learning Tree's website at www.learningtree.com/investor.
About Learning Tree International
Learning Tree International is a leading global provider of highly effective, hands-on training to information technology professionals and managers. Since 1974, over 65,000 organizations have relied on Learning Tree to enhance the professional skills of more than 2.1 million employees. Learning Tree develops, markets and delivers a broad, proprietary library of instructor-led courses focused on web development; IT security; project management; operating systems; databases; networking; software development; and leadership, management and business skills. Courses are presented globally at Learning Tree Education Centers, on-site at client facilities, and can be attended via Learning Tree AnyWare™, the Company’s proprietary technology that connects participants via the web to the actual classroom, from their workplace or home. For more information about our products and services, call 1-888-THE-TREE (1-888-843-8733), visit www.learningtree.com, follow @LearningTree on Twitter or visit Learning Tree International's Facebook fan page.
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 this release, 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 Item 1A, “Risk Factors” in Learning Tree's Annual Report on Form 10-K (“Item 1A”). Please read that exhibit carefully. Some of the factors discussed in Item 1A that could affect Learning Tree include the following: 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.
Chairman and Chief Executive Officer
Learning Tree International
Phone: (703) 709-9119
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