Form 8-K Filing

0001171843-15-001885.txt : 20150408 0001171843-15-001885.hdr.sgml : 20150408 20150408165800 ACCESSION NUMBER: 0001171843-15-001885 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150408 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150408 DATE AS OF CHANGE: 20150408 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EDUCATIONAL DEVELOPMENT CORP CENTRAL INDEX KEY: 0000031667 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-MISCELLANEOUS NONDURABLE GOODS [5190] IRS NUMBER: 730750007 STATE OF INCORPORATION: DE FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-04957 FILM NUMBER: 15759561 BUSINESS ADDRESS: STREET 1: 10302 E 55TH PL #B CITY: TULSA STATE: OK ZIP: 74146 BUSINESS PHONE: 9186224522 MAIL ADDRESS: STREET 1: PO BOX 470663 CITY: TULSA STATE: OK ZIP: 741460663 FORMER COMPANY: FORMER CONFORMED NAME: TUTOR TAPES INTERNATIONAL CORP DATE OF NAME CHANGE: 19701030 FORMER COMPANY: FORMER CONFORMED NAME: INTERNATIONAL TEACHING TAPES INC DATE OF NAME CHANGE: 19701030 8-K 1 document.htm FORM 8-K FILING DOCUMENT Form 8-K Filing

United States
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) April 8, 2015 (February 28, 2015)

Educational Development Corporation
(Exact name of registrant as specified in its charter)

Delaware		0-4957		73-0750007
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

	10302 East 55th Place, Tulsa, Oklahoma		74146-6515
	(Address of principal executive offices)		(Zip Code)

Registrant's telephone number, including area code: (918) 622-4522

N/A
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
	[ ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
	[ ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
	[ ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
	[ ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition.

On April 8, 2015, Educational Development Corporation announced, via press release, unaudited net revenues for fiscal year 2015. A copy of the press release is attached.

Item 9.01. Financial Statements and Exhibits.

(d) EXHIBITS

99.1 Press release dated as of April 8, 2015

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		Educational Development Corporation (Registrant)
April 8, 2015 (Date)		/s/ RANDALL W. WHITE Randall W. White President and Chief Executive Officer

EXHIBIT INDEX

EXHIBIT NUMBER	DESCRIPTION

*99.1	Press release dated as of April 8, 2015

________

*Filed herewith.

EX-99 2 newsrelease.htm PRESS RELEASE Educational Development Corporation Announces Unaudited Record Net Revenues for Fiscal Year 2015

EXHIBIT 99.1

Educational Development Corporation Announces Unaudited Record Net Revenues for Fiscal Year 2015

TULSA, Okla., April 8, 2015 (GLOBE NEWSWIRE) -- Educational Development Corporation ("EDC") (Nasdaq:EDUC) (http://www.edcpub.com) today reports historic record net revenues for the fiscal year ended February 28, 2015 (unaudited).

Randall White, CEO of Educational Development Corporation announces that the Company achieved record net revenues of $32.5 million for the fiscal year ended February 28, 2015, which surpassed the previous record of $31.8 million for fiscal year ended February 28, 2006. Both divisions of the Company had excellent net revenue results as the trade publishing division, EDC Publishing, posted a record year of $11.5 million, a 5% increase compared to $11.0 million last year.

The Home Business division, Usborne Books & More (UBAM), also had an excellent sales year posting a 39% increase in net revenues to $21.0 million compared with $15.1 million last year. UBAM had an excellent year attracting new sales associates which now total over 7,000. This division has now posted 21 consecutive months of net revenues gains over the same month the previous year.

This unprecedented sales growth is primarily the result of eliminating sales to Amazon and wholesale accounts three years ago to support our retail accounts and our sales consultants.

Preliminary unaudited results indicate a marked increase in pre-tax earnings for the quarter and fiscal year ending February 28, 2015. March 2015, the first month of in fiscal year 2016, recorded a 58% increase in sales for UBAM and a small 4% decrease for EDC Publishing over the same month of last fiscal year.

About Educational Development Corporation

Educational Development Corporation sells children's books, including Usborne Books and the Kane Miller line of international children's titles through a multi-level sales organization of independent consultants, through 5,000 retail stores and over the Internet. More than 1,600 different titles are available for children of all ages, with new additions twice per year.

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