Educational Development Corporation Announces Strategic Acquisition of Learning Wrap-Ups

Tulsa, Oklahoma–(Newsfile Corp. – November 1, 2021) – Educational Growth Company (NASDAQ: EDUC) (“EDC”, or the “Company”) now declared that the Company has executed a Letter of Intent to buy Finding out Wrap-Ups, Inc.

“We are happy to purchase Learning Wrap-Ups and have their management team, Ron and Prosperous Stuart, be a part of our EDC relatives. The supplemental solutions of Understanding Wrap-Ups had been to begin with established above 35 many years back and we have marketed these high-high quality educational applications as a result of our UBAM division for more than 25 years. Mastering Wrap-Ups solutions, including the Learning Palette products line, have a long profits record and keep on to enchantment 12 months just after year to pre-college and school-aged kids. This makes them a normal healthy into our present Usborne and Kane Miller merchandise traces, which present titles that continue to stand the test of time,” stated Craig White, President and Chief Govt Officer of EDC.

“We have labored with EDC and the White spouse and children for pretty much 3 many years and are enthusiastic to be section of the corporation. EDC has a extensive heritage of giving high quality discovering goods to the two educational facilities and residences. We are confident that the unique product sales and distribution solutions utilized by EDC will improve the profits of Wrap-Up items appreciably,” stated Ron Stuart, operator of Finding out Wrap-Ups.

Mr. White concluded, “Understanding Wrap-Ups has annual revenue of around $1.5 million and the buy cost, resembling the value of the net assets obtained, will not materially effect the Company’s financials. We expect to maximize the over-all sales of Understanding Wrap-Up products and solutions by EDC’s present Publishing and UBAM sales channels whilst also capitalizing on enhanced margins by proudly owning Finding out Wrap-Ups completely.”

About Academic Enhancement Company (EDC)

EDC is a publishing firm specializing in guides for children. EDC is the exclusive United States trade co-publisher of the line of instructional kid’s guides developed in the United Kingdom by Usborne Publishing Confined (“Usborne”) and we also solely publish books via our possession of Kane Miller Book Publisher (“Kane Miller”) both global award-successful publishers of children’s guides. EDC’s recent catalog consists of pretty much 2,000 titles, with new additions semi-every year. Both equally Usborne and Kane Miller merchandise are offered by means of 4,000 retail outlets and by impartial consultants, who maintain book showings either on the net or in homes, ebook fairs with school and community libraries, immediate and world wide web gross sales.

About Discovering Wrap-Ups, Inc. (LWU)

Learning Wrap-Ups publishes a variety of supplemental studying components for math, vocabulary, and science and all goods involve special self-correction capabilities. The Firm’s most well-known goods contain Discovering Wrap-Ups and Finding out Palette. The enterprise was established in 1983 and is owned by brothers Ron and Loaded Stuart.

Get hold of:
Educational Growth Corporation
Craig White, (918) 622-4522

Investor Relations:
Three Aspect Advisors, LLC
Steven Hooser, (214) 872-2710

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