Educational Development Corporation Announces Record March 2017 Revenues
April 03 2017 - 8:58PM
Educational Development Corporation (“EDC”) (NASDAQ:EDUC)
(http://www.edcpub.com) today reports record unaudited net revenues
for March, 2017.
Randall White, CEO of Educational Development
Corporation, announced that the Company has had record revenues in
March 2017 totaling approximately $9.4 million. This revenue
level represents an increase of $2.2 million, or 31% over March
2016 revenues of approximately $7.2 million.
Per Mr. White, “March sales results were very
encouraging with double digit growth in both our UBAM and
Publishing segments. Our Publishing segment reported sales in
excess of $1.0 million, the second highest sales month in the past
17 months. Our UBAM segment sales exceeded $8.4 million,
driven by the growth in consultants. Our current active
consultant count exceeds 27,000, which is near the highest
consultant count in history, despite the challenges associated with
delayed shipping that occurred in the fall of 2016. This
growth shows the continued strong demand for our products and our
success would not be possible without the hard work and efforts of
our loyal employees, consultants and publishing sales teams.”
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
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