Learning Tree International Inc. announces filing registration statement for public offering

Business Wire, August 27, 1996

LOS ANGELES--(BUSINESS WIRE)--Aug. 27, 1996--Learning Tree International Inc. ("Learning Tree" or the "Company"; Nasdaq National Market symbol: LTRE) announced Monday (Aug. 26) the filing of a registration statement with the Securities and Exchange Commission in connection with a public offering of 2 million shares of its common stock.

Of the 2 million shares offered, 400,000 are being offered by the Company and 1.6 million are being offered by selling stockholders. In addition, the selling stockholders have granted the underwriters an option to buy up to an additional 300,000 shares to cover over-allotments, if any. The offering is being managed by an underwriting group led by Robertson, Stephens & Co. LLC, Piper Jaffray Inc., Smith Barney Inc. and M. Kane & Co. Inc. On Aug. 23, 1996, the last sale price of the common stock as reported on the Nasdaq National Market was $28.25 per share.

The net proceeds of the offering will be used for working capital and other general corporate purposes. In addition, Learning Tree International Inc. may use a portion of the net proceeds to acquire technologies and related assets or businesses complimentary to the company's operations.

Learning Tree International Inc. is a leading worldwide provider of education and training to professionals responsible for programming, updating and maintaining the technology used to structure, process and communicate information in business and government organizations. The company develops, markets and delivers a proprietary library of instructor-led course titles focused on client/server systems, Internet/intranet technologies, computer networks, operating systems, databases, programming languages, graphical user interfaces, object oriented technology and information technology management.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

A preliminary prospectus relating to these securities may be obtained from Robertson Stephens & Co. LLC, 555 California Street, Suite 2600, San Francisco, Calif. 94104, 415/781-9700; Piper Jaffray Inc., at 222 South Ninth Street, Minneapolis, Minn. 55402, 612/342-6000; Smith Barney Inc., at 388 Greenwich Street, New York, NY 10013, 212/816-6000; or M. Kane & Co. Inc., at 10877 Wilshire Blvd., Suite 1102, Los Angeles, Calif. 90024, 310/208-1166.

CONTACT: Learning Tree International Inc.

Mary C. Adams, 310/417-9700