Value Line, Inc. Announces Earnings

    NEW YORK, July 17 /EMWNews/ -- 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