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Educational Development Corp (EDUC) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, February 28, 2017

Educational Development Corp

CIK: 31667 Ticker: EDUC

Exhibit 99.1

Educational Development Corporation Announces Record March and April 2017 Revenues

TULSA, Okla., May 10, 2017 (GLOBE NEWSWIRE) -- Educational Development Corporation (“EDC”) (NASDAQ:EDUC) (http://www.edcpub.com) today reports record quarter to day unaudited net revenues for March and April 2017.   


Randall White, CEO of Educational Development Corporation, announced that the Company has had record quarter to date revenues in the first two months of fiscal 2018, totaling approximately $19.3 million.  This revenue level represents an increase of $3.8 million, or 25% over the combined March and April 2016 revenues of approximately $15.5 million. 

Per Mr. White, “Quarter to date sales results were very encouraging with continued double digit growth.  This growth shows the continued strong demand for our products and the success of our sales teams.  In anticipation of our continued growth, our management team has recently approved a capital expansion project that will further automate to our Tulsa, OK distribution facility.  We expect this facility expansion and additional automation will increase our daily shipping capacity by as much as 100% over last year’s capacity levels.”

About Educational Development Corporation
EDC is a publishing company specializing in books for children. EDC is the sole American distributor of the UK-based Usborne Books and owns Kane Miller Books, specializing in children’s literature from around the world. EDC’s current catalog contains over 2,300 titles, with new additions semi-annually. Both Usborne and Kane Miller products are sold via retail outlets and by direct sales consultants nationally.

Contact:
Educational Development Corporation
Randall White, (918) 622-4522


The following information was filed by Educational Development Corp (EDUC) on Thursday, May 11, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Balance Sheets
Balance Sheets (parentheticals)
Statements Of Cash Flows
Statements Of Earnings
Statements Of Shareholders' Equity
Statements Of Shareholders' Equity (parentheticals)
1. Summary Of Significant Accounting Policies (details) - Schedule Of Diluted Earnings Per Share
1. Summary Of Significant Accounting Policies (details) - Schedule Of Property, Plant And Equipment
1. Summary Of Significant Accounting Policies
1. Summary Of Significant Accounting Policies (details)
1. Summary Of Significant Accounting Policies (tables)
10. Capital Stock, Stock Options And Warrants (details) - Schedule Of Stock Option Activity
10. Capital Stock, Stock Options And Warrants
10. Capital Stock, Stock Options And Warrants (details)
10. Capital Stock, Stock Options And Warrants (tables)
11. Quarterly Results Of Operations (unaudited) (details) - Schedule Of Quarterly Financial Information
11. Quarterly Results Of Operations (unaudited)
11. Quarterly Results Of Operations (unaudited) (tables)
12. Business Segments (details) - Schedule Of Information By Industry Segment
12. Business Segments
12. Business Segments (details)
12. Business Segments (tables)
13. Stock Repurchase Plan
13. Stock Repurchase Plan (details)
14. Fair Value Measurements
14. Fair Value Measurements (details)
15. Subsequent Event
2. Inventories (details) - Schedule Of Inventory, Current
2. Inventories (details) - Schedule Of Inventory, Noncurrent
2. Inventories
2. Inventories (tables)
3. Property, Plant And Equipment (details) - Schedule Of Property, Plant And Equipment
3. Property, Plant And Equipment
3. Property, Plant And Equipment (details)
3. Property, Plant And Equipment (tables)
4. Impairment
4. Impairment (details)
5. Other Current Liabilities (details) - Schedule Of Other Current Liabilities
5. Other Current Liabilities
5. Other Current Liabilities (tables)
6. Income Taxes (details) - Schedule Of Components Of Income Tax Expense (benefit)
6. Income Taxes (details) - Schedule Of Deferred Tax Assets And Liabilities
6. Income Taxes (details) - Schedule Of Effective Income Tax Rate Reconciliation
6. Income Taxes
6. Income Taxes (tables)
7. Employee Benefit Plan
7. Employee Benefit Plan (details)
8. Commitments
8. Commitments (details)
8. Commitments (details) - Schedule Of Future Minimum Rental Payments For Operating Leases
8. Commitments (tables)
9. Debt (details) - Schedule Of Debt
9. Debt (details) - Schedule Of Long-term Debt Instruments
9. Debt (details) - Schedule Of Maturities Of Long-term Debt
9. Debt
9. Debt (details)
9. Debt (tables)
Accounting Policies, By Policy (policies)
Document And Entity Information

Material Contracts, Statements, Certifications & more

Educational Development Corp provided additional information to their SEC Filing as exhibits

Ticker: EDUC
CIK: 31667
Form Type: 10-K Annual Report
Accession Number: 0001185185-17-001294
Submitted to the SEC: Tue May 30 2017 5:16:43 PM EST
Accepted by the SEC: Tue May 30 2017
Period: Tuesday, February 28, 2017
Industry: Wholesale Miscellaneous Nondurable Goods

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