Tutorial Channel.com and Test Prep Made Easy to Set Stage for Future Growth BROOKLYN, N.Y., Oct. 23 /PRNewswire-FirstCall/ -- Multimedia Tutorial Services, Inc. (OTC:MMTS) (BULLETIN BOARD: MMTS) , a leading developer of educational content and marketer of math tutorial programs announced the results today for its second fiscal quarter ended August 31, 2006. Net sales for the quarter ended August 31, 2006 were $177,280 compared with $221,192 for the prior year's quarter ended August 31, 2005. Net Loss from operations for the quarter ended August 31, 2006, before non-cash interest charges was $192,946 compared to $107,662 for the 2005 Period. For the six-month period ended August 31, 2006 net sales were $423,599 compared with $525,129 for the six-month period ended August 31, 2005. Net Loss from operations for the six-month period ended August 31, 2006 (excluding non-cash charges, interest, depreciation and amortization) was $129,825 compared to $22,035 for the 2005 six-month period. Although sales of the company's tutorial products are generally lower during the summer months, operating results were primarily affected by management's election to scale back its advertising expenditures during the period ended August 31, 2006, which resulted in lower sales overall and for the six months ended August 31, 2006. This course of action was based upon a surge in on-line advertising rates which would have further increased lead acquisition costs resulting in unprofitable sales and a higher net loss for the six months ended August 31, 2006. The company also incurred higher personnel expenses related to the introduction of its new products. According to Barry Reichman, Multimedia's president, "The company is actively pursuing additional channels of distribution and marketing partnerships to increase sales and reduce the advertising component of customer acquisition costs. In addition, Multimedia has taken important steps in 2006 to broaden its product line and revenue base by launching the Tutorial Channel.com and Test Prep Made Easy, which we believe sets the stage for our future growth by offering supplemental education programs online. The Tutorial Channel's real-time live tutoring service provides its products through http://www.tutorialchannel.com/, where students and parents can utilize online exams, printable workbooks for "off-line reinforcement," streaming video and audio lectures, along with exam result reports and tutor notes to allow parents to gauge their children's progress. With the Tutorial Channel's intuitive diagnostics, the site automatically creates tests for students and provides real-time skill assessment to help parents evaluate the progress of their children. "Test Prep Made Easy" division will specialize in direct online standardized test preparatory training for the five major college standardized tests, which include, PSAT, SAT, SAT2, AP and ACT. This program will offer personalized online assistance in both Mathematics and English. "Test Prep Made Easy" will address and target both the first-time test taker and the experienced student who taken specific standardized tests and has identified a need and a want to improve his or her existing test score level. The ability for a student to go online to both identify and improve their weak areas on a one-on-one basis with a live coach will provide a more convenient and affordable alternative to expensive tutors and away-from-home learning centers. About Multimedia Tutorial Services, Inc. Multimedia Tutorial Services, Inc. has key strengths in educational product marketing and development. To date, the company's premier tutorial program, Math Made Easy(TM) has been purchased by over 300,000 families, representing in excess of $30 million in sales since inception. In addition, several thousand schools and colleges throughout the country have acquired the Math Made Easy(TM) series for their libraries and classrooms. Math Made Easy(TM) is widely recognized as one of the nations foremost home tutorial programs. Since 1995 Multimedia Tutorial Services, Inc. has invested over $10 million in national advertising to create significant brand equity in the Math Made Easy(TM) name. The tutorial series has been featured on CNN, Bloomberg, ABC News Radio and other major networks. The company's sales are made primarily through online direct advertising backed-up by its own call center and customer service operation. Information about the company's products and services can be found at http://www.mathmadeeasy.com/ and http://www.tutorialchannel.com/. Forward Looking Statements Some paragraphs of this news release, particularly those describing Multimedia's strategies and business plans, contain forward-looking statements within the meaning of Section 27A of the Securities of 1993, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While Multimedia is working to achieve those goals, actual results could differ materially from those projected in the forward-looking statements as a result of a number of factors, including difficulties in marketing their products and services, need for capital, competition from other companies and other factors, any of which could have an adverse effect on the business plans of the subsidiary companies of Multimedia, its reputation in the industry or its expected financial return from operations. Factors such as these could have an adverse effect on Multimedia results of operations. In light of significant uncertainties inherent in forward-looking statements included herein, the inclusion of such information should not be regarded as a representation of Multimedia or any other person that the objectives and plans of Multimedia and its subsidiaries will be achieved. DATASOURCE: Multimedia Tutorial Services, Inc. CONTACT: Barry Reichman, President of Multimedia Tutorial Services, Inc., +1-718-758-3806, Web site: http://www.tutorialchannel.com/ http://www.mathmadeeasy.com/ http://www.tutorialchannel.com/

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