Educational Development Corporation Sales Soar in June
July 05, 2001
Educational Development Corporation announced that its June sales rose 18% over June last year. The Home Business Division, the multi-level sales arm of the Company, recorded an increase of 62%. This marks the 12th consecutive month that the Home Business Division has produced a sales increase. The Publishing Division, which sells to retail stores, was down 19% for the month.
June's sales increase follows on the heels of the fifth consecutive quarter of increased sales and the second highest first quarter net sales in the Company's history, which was announced last month. The first quarter sales were up 33%.
Educational Development Corporation sells the Usborne line of children's books through its multi-level sales organization, through 10,000 retail stores and over the Internet. The Company recently launched The Next Usborne Revolution, Non-Fiction for the Internet Generation. A new generation of books linked to 1,000 fascinating web sites specially selected to enhance text entries with animation and sound, film clips, interactive games online, experiments and revision aids. These unique products are unlike any on the market today and the Company expects wide spread acceptance.