Educational Development Corporation Announces 2022 Annual Meeting of Shareholders and Record Date


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Tulsa, Oklahoma–(Newsfile Corp. – May 27, 2022) – Educational Development Corporation (NASDAQ: EDUC) (“EDC” or the “Company”) (http://www.edcpub.com) today announces the date of the annual meeting of shareholders and the date of registration of shareholders.

The Educational Development Corporation Annual Meeting of Shareholders will be held on July 6, 2022 at 10:00 a.m. at the Corporate Office, 5402 S. 122n/a East Avenue in Tulsa, Oklahoma. Shareholders of record at the close of business on June 2, 2022 are entitled to attend the annual meeting. The proxy statement, accompanying proxy card and 2022 Annual Report will be mailed on or about June 15, 2022.

About the Education Development Corporation (EDC)

EDC is a publishing house specializing in children’s books. EDC is the exclusive MLM distributor in the United States of the range of educational children’s books produced in the United Kingdom by Usborne Publishing Limited (“Usborne”) and we also publish books exclusively through our ownership of Kane Miller Book Publisher (” Kane Miller”); two international publishers of award-winning children’s books. EDC’s current catalog contains nearly 2,000 titles, with new additions every six months. The products are sold via 4,000 points of sale and by independent consultants, who organize exhibitions of books in private homes, via social networks, book fairs with school and public libraries, direct sales and on the Internet.

Contact:
Education Development Corporation
White Craig, (918) 622-4522

Investor Relations:
Three-Part Advisors, LLC
Steven Hooser or Jean Marie Young, (214) 872-2710

Warning for the purposes of Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995.

The information presented in this press release includes “forward-looking statements”. These forward-looking statements are identified by the use of words and expressions such as “may”, “expect”, “estimate”, “project”, “plan”, “believe”, “intend to “, “achievable”, “anticipate”, “continue”, “potential”, “should”, “could” and other similar terms and expressions. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they involve certain assumptions, risks and uncertainties and we cannot guarantee that such expectations or assumptions will materialize.Known and unknown risks, uncertainties and other factors may cause our actual results, performance or achievements to differ materially from the results, performance or future achievements expressed or implied by the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, our success in recruiting and retention of new consultants, our ability to locate and purchase desired books, our ability to ship the volume of orders received without creating backlogs, our ability to secure adequate financing for working capital and capital expenditures , economic and competitive conditions, regulatory changes and other uncertainties, the COVID-19 pandemic, as well as the factors discussed in our Annual Report on Form 10-K for the fiscal year ended February 28, 2022, all of which are difficult to provide. In light of these risks, uncertainties and assumptions, the forward-looking events discussed may not occur. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements contained in this paragraph and elsewhere in our Annual Report on Form 10-K for the fiscal year ended February 28. 2022 and apply only as of the date of this press release. Except as required by securities laws, we undertake no obligation to update these forward-looking statements, whether as a result of new information, subsequent events or circumstances, changes in expectations or otherwise. .

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/125668

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