NEW YORK, Sept. 14 /PRNewswire-FirstCall/ -- Value Line, Inc. (Nasdaq: VALU) reported results for its first fiscal quarter ended July 31, 2010.  For the three months ended July 31, 2010, the Company's net income of $2,317,000 or $0.23 per share compared to the net loss of $31,580,000 or $3.16 per share for the three months ended July 31, 2009.  Operating income of $3,546,000 for the three months ended July 31, 2010 compared to an operating loss of $42,786,000 for the three months ended July 31, 2009.  The operating and net losses of the Company during the first quarter of the prior fiscal year were a result of the Company recording a provision for the SEC Settlement of $47,706,000.  Shareholders' equity of $21,759,000 at July 31, 2010 was 54% lower than shareholders' equity of $47,313,000 at July 31, 2009 primarily as a result of the payment of a special $3.00 per share dividend in April 2010.

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 contains 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 natural disasters; 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, 2010, 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.

SOURCE Value Line, Inc.