EXHIBIT 99.1

                                  PRESS RELEASE

                  EDUCATIONAL DEVELOPMENT CORPORATION ANNOUNCES
        36% INCREASE IN ANNUAL DIVIDEND AND A SPECIAL ONE-TIME DIVIDEND

      TULSA, Okla., April 29 /PRNewswire-FirstCall/ -- http://www.edcpub.com --
Educational Development Corporation (Nasdaq: EDUC) today announced an annual
cash dividend and a one-time special dividend.

      The Board of Directors has authorized a $0.30 per share cash dividend, a
36% increase over last year's cash dividend of $0.22 per share. In addition, due
to the Company's strong cash position and no debt, the Board of Directors has
authorized a special one-time dividend of $0.10 to be paid concurrent with the
regular dividend. The $0.40 per share dividend will be paid on May 19th, 2008 to
shareholders of record May 9th, 2008.

About Educational Development Corporation

      Educational Development Corporation sells the Usborne line of educational
children's books through a multi-level sales organization of independent
consultants (http://www.ubah.com), through 5,100 retail stores and over the
Internet. Over 1,400 different titles are available for children of all ages,
with frequent new additions.

Contact:
      Educational Development Corporation
      Randall White, President of Educational Development Corporation,
      +1-918-622-4522/
      /First Call Analyst: /
      /FCMN Contact: mwelborn@edcpub.com /
      /Web site: http://www.edcpub.com /
      (EDUC)