EDC Announces Record March Revenues
April 1, 2004
Educational Development Corporation (NASDAQ: EDUC) announces that its March
revenues were $3,077,600, an increase of 39% over March last year and the
highest March revenues in the Company's history.
The Home Business Division recorded a 50% increase in net revenues for the
month of March 2004 when compared with March last year. Recruiting of new sales
associates was up 109% for the month of March 2004 versus March last year.
The Publishing Division's revenues increased 9% for the month of March 2004
when compared with March last year. This increase was achieved while industry
wide book sales continue to slump.
Educational Development Corporation sells the Usborne line of children's books
through its multi-level sales organization, through 6,000 retail stores and
over the Internet. The Company offers over 1,300 different titles for children
of all ages.
Contact:
Educational Development Corporation
Randall White, (918)622-4522
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