NEW YORK, July 17 /PRNewswire-FirstCall/ -- Value Line, Inc., (NASDAQ: VALU) reported results for its fiscal year ended April 30, 2008. Net income for the twelve months ended April 30, 2008 of $25,550,000 or $2.56 per share was $943,000 or 4% above net income of $24,607,000 or $2.47 per share for the twelve months of the prior fiscal year. Net income for the fourth quarter ended April 30, 2008 of $4,777,000 or $0.48 per share was 9% below net income of $5,235,000 or $0.53 per share for the fourth quarter ended April 30, 2007. Total assets of $137,953,000 at April 30, 2008 were up 7% over total assets of $128,963,000 at April 30, 2007. Shareholders' equity of $87,854,000 at April 30, 2008 was 16% higher than shareholders' equity of $75,572,000 at April 30, 2007. The Company's Board of Directors has declared an increased first quarter 2009 cash dividend of $.40 per common share payable on August 7, 2008 to shareholders of record at the close of business July 28, 2008. The first quarter fiscal 2009 cash dividend represents a 33% increase over the cash dividend declared for the fiscal 2008 fourth quarter. From time to time, the Parent has purchased additional shares of the Company in the market when and as the Parent has determined it to be appropriate. As stated several times in the past, the public is reminded that the Parent may make additional purchases from time to time in the future. 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 also licenses certain proprietary information, and provides investment management services to the Value Line family of no-load mutual funds and institutional and individual portfolios. For a detailed description of products and services, visit http://www.valueline.com/ . Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 This report may contain statements (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 demand for and market acceptance of new and existing products; renewals of subscriptions for the Company's products; 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; competitive product and pricing pressures; the impact of government regulation on the Company's business and the uncertainties of litigation and regulatory initiatives and inquiries; 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 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 Summary of Financial Results (in thousands, except per share amounts) For the three months For the twelve months ended April 30, ended April 30, 2008 2007 2008 2007 Revenues $19,687 $20,438 $82,678 $83,635 Operating income $6,732 $7,847 $34,450 $35,636 Income from securities transactions, net $611 $720 $6,294 $4,867 Income before income taxes $7,343 $8,567 $40,744 $40,503 Net income $4,777 $5,235 $25,550 $24,607 Earnings per share, basic and fully diluted $0.48 $0.53 $2.56 $2.47 DATASOURCE: Value Line, Inc. CONTACT: David T. Henigson, Vice President, Value Line, Inc., +1-212-907-1500 Web site: http://www.valueline.com/

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