| Business Summary | | Educational
Development
Corporation
is
the
exclusive
trade
publisher
of
a
line
of
children's
books
produced
in
the
United
Kingdom
by
Usborne
Publishing
Limited.
During
fiscal
year
2000,
the
Company
operated
two
divisions,
Home
Business
Division
and
Publishing
Division.
The
Home
Business
Division
distributes
books
through
independent
consultants
who
hold
book
showings
in
individual
homes,
and
through
book
fairs
and
direct
sales.
The
Home
Business
Division
also
distributes
these
titles
to
school
and
public
libraries.
The
Publishing
Division
markets
books
to
bookstores,
toy
stores,
specialty
stores
and
other
retail
outlets. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | EDUC,
through
its
Publishing,
Home
Business
and
Library
Divisions,
is
a
distributor
of
a
line
of
children's
books
and
related
matters
to
book,
toy
and
gift
stores,
libraries
and
home
educators.
EDUC
also
engages
in
publication
and
publishing
of
new
book
titles.
For
the
three
months
ended
5/31/01,
net
sales
increased
13%
to
$4.8
million.
Net
income
increased
34%
to
$370
thousand.
Revenues
reflect
the
addition
of
new
consultants.
Net
income
also
reflects
a
decrease
in
depreciation
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| Randall White, 59 Chairman,
Pres and Treasurer | $130K | Robert Berryhill, 55 Vice
Chairman | -- | Michael Puhl, 45 VP
- Operations | -- | W. Curtis Fossett, 55 Controller
and Corp. Sec. | -- | Dollar amounts are as of 28-Feb-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|