Category: Educational Consultants

Posted on

Educational Development : ANNOUNCES FISCAL YEAR 2022 SECOND QUARTER AND YEAR-TO-DATE RESULTS (Form 8-K)

Educational Development : ANNOUNCES FISCAL YEAR 2022 SECOND QUARTER AND YEAR-TO-DATE RESULTS (Form 8-K)







ANNOUNCES FISCAL YEAR 2022 SECOND QUARTER AND YEAR-TO-DATE RESULTS

TULSA, OK, October 6, 2021-Educational Development Corporation (“EDC”, or the “Company”) (NASDAQ: EDUC) (http://www.edcpub.com) today reports financial results for the second quarter and year-to-date ended August 31, 2021.

Pre-COVID, COVID Impacted and Current Year Comparison

“As a result of the pandemic, 2020 was a very unusual year for all companies. Ours was no exception. Fortunately, we saw an increase in demand for our products, and we were poised and ready to meet the opportunity. This demand anomaly resulted in record sales and record earnings,” stated Craig White, President and CEO of Educational Development Corporation.

“This year, as the pandemic restrictions have lessened, we had a more typical second quarter. Historically, our second quarter is one of our lowest revenue quarters of the year due to the seasonal nature of our business. During the second quarter of last year we experienced a significant increase in the demand for our educational products as parents navigated the COVID-19 pandemic travel restrictions as well as teaching in the home,”

“Due to the significant positive impact of the COVID-19 pandemic on our business last year, we are providing the additional table below to show pre-COVID, COVID-impacted and current financial results for the fiscal second quarter and year-to-date results ended August 31:”

Pre-COVID

Pre-COVID

COVID Impacted

COVID Impacted

Current Year

Current Year

Period

Q2 FY 2020

YTD FY 2020

Q2 FY 2021

YTD FY 2021

Q2 FY 2022

YTD FY 2022

Average # of Consultants

33,600

32,600

45,400

39,300

46,100

50,200

Net Revenues

24,438,000

52,025,400

59,250,100

97,541,800

32,994,400

73,802,300

Net Earnings

1,007,600

2,371,200

4,255,000

6,186,100

1,898,200

5,336,300

After tax profit {e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf}

4.1{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf}

4.6{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf}

7.2{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf}

6.3{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf}

5.8{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf}

7.2{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf}

“Sales from our UBAM division continue to be driven by our active consultant count. This quarter the Company had more active consultants, which translated into increased revenues over fiscal year 2020 results. When compared to the year prior to COVID-19, UBAM revenues for our second fiscal quarter were 35.8{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf} greater than the second quarter of fiscal year 2020 and UBAM’s year-to-date revenues were 42.9{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf} higher than the year-to-date revenues of fiscal year 2020. This growth, compared to fiscal year 2020, clearly demonstrates the continued success in generating sales from our consultant salesforce. The Company expects to see this trend continue into the third quarter.”

“Sales from our Publishing division continued to rebound in the second quarter as sales increased $1.2 million, or 52.2{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf}, over the sales from the second quarter last year. Publishing division’s sales in the second quarter last year were negatively impacted by store closures associated with the COVID-19 pandemic.”

“During the second quarter we generated $2.7 million of pretax profits, approximately 8.1{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf} of net revenues. This strong profit level results from our consistent business model, our attention to cost containment and last year’s restructuring of our outbound freight program. We expect these strong results to continue for the remainder of the fiscal year and beyond,” concluded Mr. White.

Once again, the board approved a quarterly cash dividend of $0.10 per share, which will be paid on, or around, December 9, 2021 to shareholders of record on November 18, 2021.

Year-to-Date Highlights Compared to the Prior Year

●

Net revenues of $73.8 million, a decrease of $23.7 million, or 24.3{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf}, compared to $97.5 million.

●

Average active UBAM sales consultants totaled 50,200.

●

Earnings before income taxes were $7.3 million, a decrease of $1.1 million, or 13.1{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf}, compared to $8.4 million.

●

Net earnings totaled $5.3 million, compared to $6.2 million, a decrease of $0.9 million, or 14.5{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf}.

●

Earnings per share totaled $0.63, compared to $0.74, down 14.9{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf} on a fully diluted basis.

Second Quarter Highlights Compared to the Prior Year Second Quarter

●

Net revenues of $33.0 million, a decrease of $26.3 million, or 44.4{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf}, compared to $59.3 million.

●

Average active UBAM sales consultants totaled 46,100.

●

Earnings before income taxes were $2.7 million, a decrease of $3.1 million, or 53.4{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf}, compared to $5.8 million.

●

Net earnings totaled $1.9 million, compared to $4.3 million, a decrease of $2.4 million, or 55.8{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf}.

●

Earnings per share totaled $0.23, compared to $0.51, down 54.9{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf} on a fully diluted basis.

EDUCATIONAL DEVELOPMENT CORPORATION

CONDENSED STATEMENTS OF EARNINGS (UNAUDITED)

Three Months Ended

August 31,

Six Months Ended

August 31,

2021

2020

2021

2020

NET REVENUES

$ 32,944,400 $ 59,250,100 $ 73,802,300 $ 97,541,800

EARNINGS BEFORE INCOME TAXES

2,658,100 5,799,500 7,318,700 8,443,400

INCOME TAXES

759,900 1,544,500 1,982,400 2,257,300

NET EARNINGS

$ 1,898,200 $ 4,255,000 $ 5,336,300 $ 6,186,100

BASIC AND DILUTED EARNINGS

PER SHARE:

Basic

$ 0.24 $ 0.51 $ 0.66 $ 0.74

Diluted

$ 0.23 $ 0.51 $ 0.63 $ 0.74

DIVIDENDS PER SHARE

$ 0.10 $ 0.06 $ 0.20 $ 0.12

WEIGHTED AVERAGE NUMBER OF

COMMON AND EQUIVALENT SHARES

OUTSTANDING:

Basic

8,028,594 8,354,214 8,028,929 8,353,319

Diluted

8,435,348 8,354,214 8,458,664 8,353,319

EDC will host its Second Quarter Fiscal 2022 Earnings Call, including a live Q&A webcast, on Thursday, October 7, 2021 at 3:00 PM CT (4:00 PM ET). Craig White, Chief Executive Officer and President, Heather Cobb, Chief Sales and Marketing Officer, Dan O’Keefe, Chief Financial Officer and Secretary, and Randall White, Executive Chairman, will present the Company’s second quarter results and be available for questions following the presentation. Phone lines for participants will be available at (855) 639-3876. The conference ID is 7783245. Audio replays will be available following the event at www.edcpub.com/investors.

About Educational Development Corporation (EDC)

EDC is a publishing company specializing in books for children. EDC is the exclusive United States trade co-publisher of the line of educational children’s books produced in the United Kingdom by Usborne Publishing Limited (“Usborne”) and we also exclusively publish books through our ownership of Kane Miller Book Publisher (“Kane Miller”); both international award-winning publishers of children’s books. EDC’s current catalog contains over 2,000 titles, with new additions semi-annually. Both Usborne and Kane Miller products are sold via 4,000 retail outlets and by independent consultants, who hold book showings in individual homes, through social media, book fairs with school and public libraries, direct and internet sales.

Contact:

Educational Development Corporation

Craig White, (918) 622-4522

Investor Relations:

Three Part Advisors, LLC

Steven Hooser, (214) 872-2710

Cautionary Statement for the Purpose of the “Safe Harbor” Provision of the Private Securities Litigation Reform Act of 1995.

The information discussed in this Press Release includes “forward-looking statements.” These forward-looking statements are identified by their use of terms and phrases such as “may,” “expect,” “estimate,” “project,” “plan,” “believe,” “intend,” “achievable,” “anticipate,” “continue,” “potential,” “should,” “could,” and similar terms and phrases. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties and we can give no assurance that such expectations or assumptions will be achieved. Known and unknown risks, uncertainties and other factors may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, our success in recruiting and retaining new consultants, our ability to locate and procure desired books, our ability to ship the volume of orders that are received without creating backlogs, our ability to obtain adequate financing for working capital and capital expenditures, economic and competitive conditions, regulatory changes and other uncertainties, the COVID-19 pandemic, as well as those factors discussed in our Annual Report on Form 10-K for the year ended February 28, 2021, all of which are difficult to predict. 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 in this paragraph and elsewhere in our Annual Report on Form 10-K for the year ended February 28, 2021 and speak only as of the date of this Press Release. Other than as required under the securities laws, we do not assume a duty to update these forward-looking statements, whether as a result of new information, subsequent events or circumstances, changes in expectations or otherwise.

Disclaimer

EDC – Educational Development Corporation published this content on 06 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 October 2021 21:06:03 UTC.

Publicnow 2021

All news about EDUCATIONAL DEVELOPMENT CORPORATION

Sales 2021 205 M
–
–
Net income 2021 12,6 M
–
–
Net Debt 2021 14,5 M
–
–
P/E ratio 2021 10,4x
Yield 2021 2,05{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf}
Capitalization 86,5 M
86,5 M
–
EV / Sales 2020 0,53x
EV / Sales 2021 0,71x
Nbr of Employees 214
Free-Float 50,4{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf}

Chart EDUCATIONAL DEVELOPMENT CORPORATION



Duration :


Period :




Educational Development Corporation Technical Analysis Chart | MarketScreener

Technical analysis trends EDUCATIONAL DEVELOPMENT CORPORATION

Short Term Mid-Term Long Term
Trends Bearish Bearish Bearish



Income Statement Evolution


Posted on

Shaker Heights’ Forward Together initiative looks at proposed state funding formula increases for schools

Shaker Heights’ Forward Together initiative looks at proposed state funding formula increases for schools

SHAKER HEIGHTS, Ohio — With the group-engagement course of action now in total swing, the Ahead Jointly initiative proceeds to transfer in advance on many fronts, together with expanded condition funding options for school projects.

Leaders with the metropolis, the school district and the community library fulfilled Sept. 30 in joint session at Shaker Heights Large Faculty for an update on the collaborative scheduling effort among the city’s a few taxing bodies, shaped in 2019 to build a put together Services Master Program.

The 3 entities have break up the around $340,000 cost of the plan’s consulting group, which established a concentrate on date of Dec. 20 for the master system define, adopted by far more community engagement in February.

From there, the closing prepare could be accepted by the town, the colleges and the library in May perhaps 2022.

“It’s an ambitious project and one particular that is not been done with these three bodies, with a huge quantity of foundational get the job done that we’re performing on a shared foundation,” Mayor David Weiss stated.

“It’s also historic to have all three boards meeting jointly in general public, whilst we have completed this just about in current months.”

Expert and Shaker resident Steve Zannoni told the boards that the Ahead Jointly advisory committee, now with more than 30 customers and which includes some pupils, experienced currently fulfilled 2 times by the conclusion of September. “Building the Vision” outreach carries on this thirty day period.

After digital conferences established for noon to 1 p.m. and 6 to 7 p.m. Thursday (Oct. 7), three different in-particular person Forward Together classes will be held:

— 6 to 8 p.m. Oct. 13 in the Shaker Middle Faculty cafeteria

— 11 a.m. to 1 pm. Oct. 14 at the Stephanie Tubbs-Jones Group Creating

— 4 to 6 p.m. Oct. 14 at Chelton Park

Also in Oct, the Ohio Facilities Construction Fee will be updating its building evaluation of at least eight educational facilities in the Shaker Heights City University District. These universities are part of the 12 properties now below critique by the Ahead Alongside one another consulting crew, together with the STJ Local community Centre, the Sussex Spouse and children Center, Thornton Park and the Bertram Woods library branch.

Qualifying jobs could get as significantly as 36 p.c in condition funding for “direct educational improvement fees,” a share that Superintendent David Glasner famous has “gone up substantially, to a share we are reluctant to move up,” where by the district would only have to pay back 64 p.c for new design.

At this point, some elementary educational institutions would be ineligible simply because they have fewer than 350 learners, together with Boulevard, Mercer and Fernway — all K-4 properties. But Fernway just underwent a $17.6 million restoration immediately after a 2018 hearth, all but $3 million of that coated by coverage.

The restored Fernway was created by Van Akin Aukens Architects and developed by Gilbane Construction, the two on board as well with the Forward Collectively consulting team.

‘Maximum capacities’

Academic expert Frank Locker said preliminary group conversations have provided calls for universal Pre-K, universal air conditioning, lifelong learning possibilities, and much more range, equity and inclusion.

Locker also pointed to studies recommending that colleges ought to be expanded to additional than two grades, alternatively than the current setup in Shaker with “intermediate” educational institutions for grades 5 and 6, then the middle university with grades 7 and 8.

Shaker Library Board Trustee Doreen Katz recalled the period of “school rooms without walls,” a style and design notion that has extensive considering that been abandoned.

Katz and Board of Schooling President Heather Weingart proposed more “input and obtain-in from teachers” in the method, particularly with figures displaying that all round, school properties in the district are only 69 per cent occupied.

“If you question the instructors, they would say the place is insufficient,” Weingart explained.

State funding tips for “direct academic needs” also do not deal with competitiveness gyms and fields (these with spectator seating), auditoriums, pools, stadiums, board offices, bus depots and assistance centers, all of which would need “locally funded initiatives (LFIs).”

College board Vice President Ayesha Bell-Hardaway also questioned figures that display a 13.7 {e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf} drop in enrollment from 5,331 students in the 2013-14 university calendar year to about 4,600 this year.

Bell-Hardaway stated the decline of 255 college students this yr could be attributed to the pandemic and may prove to be momentary.

Faculty board member Jeffrey Isaacs agreed on existing pandemic-linked factors, indicating he was unpleasant with “capacity numbers” established by the state, pitting “maximum capacity vs. best numbers.”

Town Councilman Sean Malone wants to see far more buildings provided in the analyze, these kinds of as the previous Ludlow College, the city General public Is effective garage, Higher Cleveland RTA structures on Coventry and Lynnfield streets, and, in the Chagrin-Lee corridor, the college bus depot and The Dealership housing the Shaker Heights Progress Corp.

University board member Emmitt Jolly requested if the city’s “robust senior population” could be component of the prolonged-term academic system as well.

Councilman Earl Williams asked if any potential “escalation costs” could be predicted, “so we don’t have to go again and talk to for a lot more income,” citing “a large amount of volatility” in the building discipline proper now.

Consultants claimed style and design contingency money are provided in the condition formula and that a lot of the potential perform is projected at 3 to 5 several years out.

A person project requiring additional urgency is the $2 million renovation of the Bertram Woods Library Department that was set on hold earlier this calendar year at the ask for of the other Ahead Alongside one another companions.

Echoing Williams’ economical concerns, Shaker Library Trustee Tom Cicarella stated that in addition to operating on “process and inclusion,” he desires much more current “data, in purchase to get the most bang for our buck.”

And in likely forward, Weingart additional that “we need to have all a few entities mirrored more equally” in the early options.

Read through more from the Sunlight Push.

Posted on

School for the Deaf Foundation approves educational grants

School for the Deaf Foundation approves educational grants
School for the Deaf Foundation approves educational grants

The Oklahoma University for the Deaf Basis just lately awarded 12 grants totaling $8,092.52 to fund OSD academic packages and initiatives not included in OSD’s general budget.

OSD Basis customers are an impartial, volunteer-centered board of trustees: President Pam Agee-Chitwood Treasurer Craig Abla Shawna Circumstance Richard Dietzel Kemper Howe Dr. Tre Landrum, ENT Scott Lowry Susan Nelson Seandra Ramer Lacee Sartors and Bill Wright.

Foundation customers inspire OSD teachers and university student existence personnel to post in depth grant requests with budgets at the beginning of each and every college yr.

For 2021-2022, requests funded by the basis selection from a trampoline to company begin-up expenditures, animated storybooks and hands-on science functions.

In addition, OSD funded six added grants for $7,070 to for goods already in the school’s finances that will have to have dependable funding to carry on the plans.

Posted on

Study medicine in Grenada/UK: Unique & cost-effective pathway

Study medicine in Grenada/UK: Unique & cost-effective pathway
Study medicine in Grenada/UK: Unique & cost-effective pathway

St. George’s University is an worldwide institution, not only with its numerous college student physique and college but the exceptional possibility for students to start their health care education and learning in Grenada, United kingdom, or India. The 3 vacation spot features the exact curriculum and supplies a potent basis. Pupils have the solution of accomplishing scientific rotations either in the US or the United kingdom in their final two yrs.
The university presents Drugs, Veterinary medicine, arts & science, and graduate reports.
In the US on your own, SGU graduates have secured residencies at a swift level about the previous seven a long time. In 2020, SGU college students and graduates received a report number of residency placements, with 1,124 US and Canadian residencies secured.
Highlights about SGU:
*Scientific teaching opportunities at about 70+ top hospitals and overall health methods in the US, United kingdom, or Canada
*MCI/ WHO acknowledged university
*Go amount for USMLE 95{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf}
*Scholarships for worldwide college students
*Inconvenience-totally free admission processes
Foundation programs are offered to college students who might not meet all the health care faculty entry demands.
Selecting a healthcare university is one of the most important choices, and it is significant that mothers and fathers and learners take in as substantially info as essential.
We encourage you to attend our webinar on, Saturday, 2nd Oct @ 2.30 PM to 3.30 PM with St. George’s College consultant who will be out there to reply any queries you may possibly have about the University curriculum, MD method, lovely Caribbean campus, and tracks document of pupil success.
At Intelligent Partners, health care school admissions counselors specialize in state comparisons, up to date knowledge on admissions for healthcare faculties, and keep-again visas for working towards medicine.
We assistance learners enroll in distinctive packages such as Basic Medication, Dentistry, Pharmacy, Physiotherapy or Veterinary Medication, and other wellness-relevant levels.
Health care admissions counselors at Smart Partners will aid you come across the greatest medical universities /MBBS schools and will help you in assembly the entry requirements.
internet [email protected]
+971 526922531
www.intelligentpartners.com

Clever Partners
BB1 Tower Mazaya Business Avenue, JLT,
Dubai, United Arab Emirates, 114423
marketing and [email protected]

Smart Associates depict in excess of 700+ identified universities in the US, Canada, United kingdom, Ireland, Europe, Germany, Switzerland, Singapore, Malaysia, Australia, & New Zealand. Our Schooling Consultants aid worldwide college students pick out the very best nations to review abroad, implement to universities and, avail of review abroad scholarships. Our analyze abroad consultants offer you experienced student counseling solutions, streamlined college or university admissions & expert steerage for student review visas to get you into the right degree at the ideal better education establishment.

• Psychometric assessment tests
• Specialist school counseling
• Apply at any time of year
• Examine Foundation/Pathway programs overseas
· Study English language overseas
• Scholarships for international pupils
• Credit rating transfer for universities
• Study Visa Support

Clever Associates consultancy assists students research Medication abroad, research Engineering abroad, research Enterprise overseas, analyze Mechanical Engineering overseas, analyze Architecture overseas, review Computer Science abroad, study Artwork & Design abroad, study Psychology abroad, analyze Dentistry overseas, review Hospitality & Tourism abroad, review Masters abroad, Analyze MBA abroad, and so on.

We are the very best academic consultants in UAE who aid by supplying information & sources of unsurpassed high-quality to soar-start out you on the quickly keep track of to success.

Likely further than encouraging with your College application!

This launch was printed on openPR.

Posted on

Best UAE Free Zones & Business Consultants: Testimonials – My entrepreneurial journey

Best UAE Free Zones & Business Consultants: Testimonials – My entrepreneurial journey
Best UAE Free Zones & Business Consultants: Testimonials – My entrepreneurial journey

Image Credit: Shutterstock

Laura Wittka, Operations Manager and Co-Founder, EDU International Business Institute FZCO

Co-founder Nicolas Ballaz and I launched EDU International Business Institute in June 2021 to provide legally binding contracts to recent graduates who are looking for an internship or a position in a company. We aim to provide graduates the most convenient and fast service, while enhancing their career opportunities and brighten their future.

Nicolas Ballaz, Managing Director and Co-Founder, EDU International Business Institute FZCO

IFZA answered our questions in a very professional and kind manner, thus ensuring that IFZA would be the right partner for us to set up our company in Dubai. While setting up our company, we received a tremendous amount of support. The process was super-fast and convenient, and we registered our company within two weeks. After setting up the company, we continuously received further support to apply for the visa.

Shukhratbek Mirzaev, Managing Director, SH.A.M Consulting Services FZCO

I came to Dubai with my family at the end of August to continue my healthcare management consulting business here in the UAE, which is at the crossroads of international business. I chose IFZA after comparing various free zones in the UAE because of their offers and business license packages that suit my business needs.

In addition, the IFZA representatives I spoke with were very professional and all my enquiries were answered. Within one week, I received my business license, which also allowed me to conduct management consulting and commercial brokerage business activities in addition to healthcare management. After getting my business license and establishment card, they continued to help me through the residence visa process.

Ehab asaad mohammed, Director General, Cvit Software House

Cvit Software House began in 2016 as an enterprise resource planning (ERP) implementation and service provider. We now cater to the ERP needs of public and private sectors in the UAE and provide outsourcing services to companies worldwide. We have fully integrated smart processes and applications to support the digital transformation of our clients. Not only do we focus on providing first-class support and services to our clients but we also offer up-to-date training on the latest versions of our software solutions to further enhance their operations.

Ajman Free Zone (AFZ) has a variety of attractive features and services that are compatible with our needs to ensure success. From business registration, licence approval, and many other procedures, the AFZ team is able to assist us without any hassle. They were able to provide clear instructions and fast responses to our queries prior to starting our business. Also, AFZ supported us through its adoption to sustainable procurement policies, prioritising the execution of contracts and purchases with the free zone’s companies. As proof of AFZ’s confidence in our offerings, they have also signed procurement deals with us. Best of all, they offered us a very competitive package, and so far, we have been enjoying a business-friendly experience during our stay here.

AFZ has been providing the ideal environment for our business to flourish and our innovative solutions to mature. In fact, they gave us the opportunity to operate as the IT arm of AFZ. We have also been receiving ample support for us to grow in various aspects and expand our services.

ReUben Benjamin, Founder and CEO, Anima LLC

I launched Anima in July 2020. We develop unique sustainability initiatives for businesses in any industry. As we team up, we consider the company’s goals and develop initiatives around their business model. I chose SHAMS due to its flexible rates and tailored activities, a no-brainer for Anima. What SHAMS did well was enrich the experience of opening a company, which can be overwhelming. However, the assurance and good energy from the staff are what I needed to bring Anima to where it is today. SHAMS’ staff was prompt with any requests or queries that I had through the process. To know that you are well received is a feeling I will carry throughout my entrepreneurial journey.

Jade Robertson, Director, International Publishing

International Publishing was launched in London in 2006, followed by our Sharjah and New York branches in 2017. Our key activities include publishing books across all genres in Arabic and English for all ages.

In the UAE, we chose SPCFZ to start our business due to its accessibility, being able to have a warehouse and office space and work alongside other publishing professionals. SPCFZ had everything we needed to operate effectively as a publisher.

In terms of support from the organisation during and after launching our firm, the staff at SPCFZ are highly efficient and provided assistance at every step, from suggesting appropriate premises to documentation and licensing.

Suraj Mohan, Executive Director , Var Ange Project Support Services Limited

We were confused about the cheap business licences available in the market and it was team Aurion that helped guide us to Masdar Free Zone, Abu Dhabi, which I believe is the right free zone for us based on our line of business, which deals with energy goods and services.

We are delighted with the free zone’s operations as well as the pace at which our business is successfully running.

Yashraj V. Rathor, Director, Palm Hospitality Ventures FZC

Palm Hospitality Ventures was launched in September, 2018 in Ajman Free Zone and deals in general trading of hospitality and travel products.

We commend the excellent zero-defect prompt services provided to us continuously by Hatem and Mafaza at Business Link, who have always been committed towards building exceptional confidence and trust, and ensuring clients like us look to them for assistance in specialised processes.

Professional service delivery through a highly talented team for market communications and enterprise management, and leveraging trust built assiduously with local government to create bridges, navigate legal labyrinths and solve client problems are their strengths. We respect Business Link for being a one-stop shop for all corporate affairs and public relations needs in the most progressive region of the world, the UAE. We highly recommend Business Link to global clientele who are interested in looking at opportunities to set up business in the UAE.

Faranak, Founder, Enaya Education

I am humbled to have been asked to share how my experience has been with the Capital International Group. My name is Faranak and I am the founder and owner of Enaya Education. My vision for Enaya was born in June 2020, out of my own struggles I faced as a parent of a child with learning differences. Our comprehensive support for the educational needs of children with learning differences includes supporting and advocating for parents; providing individual academic support for students; training teachers; and consulting with schools on best practices.

In August this year, I decided to take Enaya to the next level and move to an office. After looking around several offices, I came across a great office with an ideal location by Capital International Group. The approach of their staff was very professional and understanding from the beginning. They have listened to all our concerns and have accommodated all our needs. I am blessed to be here and feel that we are all part of one family. Thank you Capital International Group – you’re our continuous support.

Chris Calumberan, Chris Calumberan FZE

My company offers photography, videography and commercial photography. We work with brands like McDonald’s, Enoc and Adnoc, to name a few.

With the help of Creative Zone, I recently moved to SHAMS as this suits my business activities more. The customer service that Creative Zone provides me every single time is commendable. These people know what they are doing, and that trust factor is crucial for business owners.

I always look forward to renewing my licence with them and meeting the team whom I have grown very fond of.

Ismail Tekin, Founding Partner, Lambert & Co. FZ LLC

We launched the first office for Lambert & Co. in 2013, in Creative City in Fujairah, with a focus on investment management and management consulting. EZone has been instrumental in assisting us with our expansion into Dubai and Abu Dhabi. We value our long-term relationships and Maribe. She and her team are extremely knowledgeable.

Mohamed Abdi Mohamed, Owner and Director, GOIN Shipping & Cargo

I am glad to be associated with Make My Firm Business Set-up Services for the past three years and I am happy that I have chosen a very professional firm for my business set-up. They have deep knowledge of business set-up rules and regulations, offering me the right guidance. I have set up four companies with Make My Firm and it has always been an amazing experience. They are very accurate with processes and timelines. They made everything easy for me to set up my business in Dubai.

I recommend everyone to seek advice from Make My Firm as they are a one-stop solution for everything a business owner will need to set up a new business in the UAE.

Courtney Smith, Mercantile Nexus Management Consultancy

I decided that our company could do a lot of business in the UAE, so I started to look for a company to help me. It was overwhelming!

Then, I came across Smart Zone and realised that their energy and enthusiasm was the ticket for me. My activities were investment training and management consulting and we wanted to locate in Dubai because it is the business hub of the UAE. My company was then set up in Dubai mainland with no issues. The experience was wonderful!

I had very little to do. Smart Zone did all the work, particularly all the boring work like filling in forms. Their driver then took me to all the government offices so I could get a residency visa in Dubai. It was so easy! I’ve never seen anything like it!

Posted on

Memorization and practice are still important to learning

Memorization and practice are still important to learning

Instead of building college students memorize a bunch of useless information, we ought to support them consider like experts and historians. This is most effective accomplished by an inquiry-dependent strategy that allows students to tutorial their individual finding out process.

Does this reasoning make feeling to you?

It likely does if you have recently attended a faculty of instruction exactly where instructors are properly trained. This is also what lecturers are often informed at their expert progress classes.

The challenge is that this approach is erroneous. Not just completely wrong by a small, but by a large amount. Irrespective of boasting to be centered on reliable evidence, the true science of mastering details in the opposite route.

In actuality, college students find out finest when they are immersed in a content material-abundant discovering surroundings that builds up their qualifications knowledge. Exercise is also a critical element of assisting pupils grasp new abilities. Discovering is tough do the job and for this rationale on your own it is crucial for academics, not learners, to set the path in the classroom.

Cognitive psychologist Dr. Daniel Willingham outlines a number of essential research conclusions in the recently released 2nd version of his typical e-book, “Why Don’t College students Like Faculty?”

1st, history know-how is essential to looking through comprehension. You are much a lot more most likely to understand a e book or write-up if you now know one thing about the subject at hand. If there are as well numerous unfamiliar words or ideas, you probably won’t have an understanding of it. Naturally, the much more you know about a subject matter, the simpler it becomes to master additional.

Next, it makes perception for learners to practice their multiplication tables and to memorize the spelling of typically used words. Why? Due to the fact lack of room in doing work memory is the key bottleneck in learning. For illustration, pupils who do not know their math information come across it extremely tough to remedy a lot more sophisticated problems since they conclude up wasting useful mental capacity on anything that should really be automatic.

While most instruction professors and lots of academic consultants usually deride repetitive follow as “drill and destroy,” the point is that this procedure gives the foundation for deeper discovering. We do our brains a important favour when we dedicate primary information and abilities to memory. It may not be incredibly enjoyable to observe performing the exact point around and around, but it pays off in the extended-time period.

The fact is that it requires researchers and historians quite a few many years of analyze and practice before they become industry experts in their fields. There is no this sort of matter as a generalized “expert way of thinking” that transfers seamlessly across topic regions. Knowledge is a little something that will come with lots of many years of observe, and it is unrealistic to expect learners to acquire know-how in a brief period of time.

The variance amongst chess industry experts and chess novices is an illustrative instance. As Willingham explains, “it appears that much of the change amid the world’s ideal chess players is not their capacity to cause about the activity or to approach the greatest shift relatively, it is their memory for activity positions.”

Merely put, chess industry experts have fully commited a huge selection of video game positions to memory, and this frees up room to assume about a profitable system in the sport they are enjoying. Genuine know-how in chess will come from comprehensive familiarity with a wide range of board positions.

In truth, the most effective chess players have about 50,000 board positions in their prolonged-expression reminiscences. This is why expert gamers continue being proficient in blitz tournaments where activity time is substantially minimized. Mainly because of the sheer quantity of board positions dedicated to memory, pro players can make decisions in fractions of a 2nd although novices are pressured to waste worthwhile time wondering through primary moves.

So, lecturers should commit additional time supplying direct instruction about important knowledge and techniques and significantly less time trying to get learners to consider like experts and historians. Inquiry finding out has its spot when learners have a fair sum of expertise about a subject, but it is almost worthless at encouraging college students discover about brand name new concepts.

Memorizing specifics even now has an significant place in faculties. So does practising competencies. The science of training and studying is very distinct about what successful instruction appears like.

Our learners are entitled to the very best instruction we can give them. Let’s make absolutely sure we present it.