Tag: Announces

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Go-To Site for Educational Learning Games Announces Next Generation Product Updates

Go-To Site for Educational Learning Games Announces Next Generation Product Updates

Aged BETHPAGE, N.Y., June 27, 2022 /PRNewswire/ — Breakout EDU, the major academic match remedy that tends to make demanding mastering encounters partaking for all students, introduced these days the launch of a new enlargement pack for their Breakout EDU Package. In addition, a host of new attributes have been extra to their electronic system which is aimed at bettering instructing and understanding.

Breakout EDU
Breakout EDU

“For the earlier year our amazing team has been executing a vision for a new Breakout EDU – We have made Breakout EDU an even extra highly effective tool even though making it less complicated to use for all academics, schools, and of training course, learners,” claimed Adam Bellow, CEO and Co-Founder. “The new Breakout EDU involves our 2nd-era enlargement pack, which creates quite a few new learning alternatives for players. We are also thrilled to announce the new sport structure studio and programs which will empower students and lecturers all over the place to degree up their creativity!”

Breakout EDU is also fired up and happy to announce its new partnership with Adobe, a enterprise that has extended established the standard for applications that harness the imaginative probable of its people. With this new integration, Breakout EDU places Adobe Express’ effortless-to-use creative actions and image enhancing, moreover template based mostly starting up details, inside of its video game builder and instantly in the fingers of Breakout’s end end users. Students will have the opportunity to create standout written content appropriate in the areas where they are now mastering and doing the job.

“When it comes to maximizing the electric power and utility of Adobe Creative Cloud applications and products and services, extensibility is at our core,” claimed Aubrey Cattell, VP, Innovative Cloud Developer System at Adobe. “We’re excited about our partnership with Breakout EDU, which will combine Adobe Specific inventive capabilities specifically into Breakout’s freshly designed match builder and give college students globally the prospect to turn into sport builders, demonstrate off their techniques, and harness their creativeness.”

Breakout EDU now arrives with:

  • NEW Breakout EDU Package – A refreshed package with the Growth Pack (Technology 2) that includes a tailor made cipher disc, interchangeable cipher wheels, and customized dice that work with over 22 new game titles at launch with far more included just about every week! All-new package purchases involve the new Expansion Pack (Generation 2) as perfectly as a 12-thirty day period subscription to the Breakout EDU Platform, which attributes a increasing library of above 2,000 specifications-aligned academic game titles.
  • NEW Match Design Course – Mastering how to build your individual game titles has by no means been far more fascinating! Each and every level of the Sport Layout Program attributes an partaking video lesson and a exciting observe game that assists learners to produce a good Breakout EDU activity.
  • Avatars – Pupils and instructors can now establish their individual avatars. These avatars are exciting to structure and will be woven into fascinating future updates. College students will be able to unlock new costumes and information that add character to their avatar and enjoy a part inside the online games.
  • Fresh new Each day Information – Lock of the Day is a shorter each day activity that around 5 million pupils have performed this earlier 12 months. These daily challenges will keep on into 2022 with a new calendar check out where they can get paid avatar awards for finishing 5-day streaks.
  • Personalized Person Experience – The new teacher practical experience now involves important insights into college student efficiency to conveniently observe development over time. Online games will be mechanically advised to lecturers centered on the subjects they pick out and AI that can help to provide the most suitable content material.

Breakout EDU also announced capabilities that will be out there all through the again-to-university period. “We’re about to just take Breakout to the up coming stage and we can not wait around for students and lecturers to see what we have prepared for the tumble,” explained Bellow.

Launching this Tumble

  • Enhanced Video game Layout Studio – The redesigned digital video game builder will harness scholar creativeness with a effective new suite of creative resources driven by Adobe Convey. These equipment can be made use of to generate clues and other content material for electronic games, reworking learners into recreation designers as they exhibit off their creativity and content expertise.
  • Shared Teacher Library – Schools that utilize Breakout EDU will be capable to produce shared libraries of written content that academics can access from their accounts. The game can then be copied and edited by any other trainer in the school for their classroom to use.
  • Gamification – Learners will be ready to degree up their avatar by unlocking new costumes and props for finishing a collection of video games. This will operate with both equally Lock of the Working day and entire-class games as properly.
  • Trainer-Assigned Badges – Learners will before long be equipped to get awards for their participation in any Breakout EDU match. These badges are intended to understand and rejoice pupils who are exemplifying individual capabilities, this sort of as collaboration or advancement state of mind.

Breakout EDU can be obtained separately or with quantity discount rates readily available for educational institutions and districts at www.BreakoutEDU.com.

About Breakout EDU

Breakout EDU is an instructional option that will make useful learning activities obtainable and participating for all. The award-profitable alternative has been a trusted resource for additional than 500,000 instructors and has been performed by above 10 million learners. Breakout EDU supplies unlimited possibilities for lecture rooms to deliver articles-dependent game titles and the valuable 4C social abilities together in learner-driven routines. The corporation is dedicated to empowering learners to do well and thrive in the classroom and over and above by unlocking the like of finding out.

Media call:
Emily Gregory
(586) 337-9337
[email protected] 

Resource Breakout EDU

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Bethel announces graduates, spring academic honors

Bethel announces graduates, spring academic honors

One hundred seventy-two Bethel University students experienced spring 2022 grades that attained educational difference.

Learners whose semester grade issue average is 3.7 or better are named to the Dean’s Record, when those people with a GPA of 3.50-3.699 are listed as associates of the Honor Roll.

DEAN’S Checklist

Elizabeth Alderfer, Goessel, Kan.

Azahrias Ali, St. James, Trinidad and Tobago

Jacob Anderson, Newton

Phillip Balzer, Hurley, S.D.         

Landon Barnes*, Ashland Metropolis, Tenn.            

Isaiah Bartel, Wichita

Emma Beachy*, Kalona, Iowa        

Alex Bearup*, Wichita            

Joseph Blakesley, Auburn, Kan.

Madison Bliss, Maize, Kan.

Gabriel Boese, Lyons, Kan.

Ben Bollinger, Hesston, Kan.             

Meghan Brockmeier, Hope, Kan.

Claire Broxterman, Lindsborg, Kan.

Lucy Buller, Newton

Peter Buller, Inman, Kan.        

Josie Calzonetti*, Backyard Metropolis, Kan.   

Annie Carlson, Freeman, S.D.             

Jebediah Carlson, Hesston, Kan.

Catherine Carter, Denton, Texas

Naomi Chavez, Newton                

Kayden Christiansen, Lakin, Kan.

Madilyn Chupp, Goshen, Ind.

Josué Coy Dick, North Newton        

Juan Demichelis, Montevideo, Uruguay              

Sandy Dao*, Salina, Kan.                       

Shayla Dao, Salina, Kan.                   

Logan DeMond, Larned, Kan.                 

Alex Diaz, Winfield, Kan.                  

Isabela Diaz, Norman, Okla.          

Jadyn Diepenbrock*, Lincolnville, Kan.     

Angelika Donaldson, Highland, Sick.

Rachel Duer, Chapman, Kan.

Madeline Duncan, Newton

Alexis Eddy, Valley Middle, Kan.

Abigail Edson, Newton

Schyler Entz, Newton            

Brett Esch, Carrollton, Texas

Peyton Rapidly, Moundridge, Kan.

Gabriella Fields, Tulsa, Okla.

Jarrod Foster, Yale, Okla.         

Justin Foster, Yale, Okla.          

Jaycee Freshour, Oklahoma City   

Katie Rose Friesen Birky, Denver  

Presten Fry*,  Overland Park, Kan.

Nathan Garber*, Newton           

Trae Gehring*, Quite Prairie, Kan.

Rachel Geyer, Oxford, Iowa        

Sophie Girtz, Valley Center, Kan.

James Goff, Delta, Colo.

Cristobal Goldberg, Santiago, Chile

Arianna Gomez, Whittier, Calif.          

Kendra Gooden*, Wichita            

Andrew Graber, Divide, Colo.          

Natalie Graber*, Divide, Colo.          

Ryan Gregg, Edmond, Okla.

Douglas Grider, Halstead, Kan.

Scott Grider, Halstead, Kan.

Nathan Gutierrez, Bixby, Okla.

Kevin Hampton, Friendswood, Texas

Miki Harkins, Wichita          

Matthew Hernandez*, Chanute, Kan.            

Hayden Honomichl, Good Bend, Kan.

Harlie Hunton, El Dorado Hills, Calif.           

Lauren Hurd, Morrison, Colo.

Jaimie Ingwerson*, Concordia, Kan.

Cayle Irvin, Ben Wheeler, Texas           

Jasmina Jones*, Wichita    

Daniel Kaufman, Moundridge, Kan.         

Jerod Kaufman*, Moundridge, Kan.         

Arran Kearney, Birkenhead, England

Josh Kennell, Newton        

Macee Kelsay, Bentley, Kan.         

John Mark Koontz, North Newton          

Halle Krehbiel, Hesston, Kan.        

Thomas Kucera*, Wichita

Marcus LaBonde, Grand Junction, Colo.          

Drannon Lenox*, Norman, Okla.           

Mia Loganbill, Hesston, Kan.          

Elizabeth Lumbreras, Newton        

Antonino Mangiapane*, Solingen, Germany          

Arthur Mahrer, Fort Pierce, Fla.

Keegan Martin, Yale, Okla.

Haley Mastin, Concordia, Kan.

Jesse McMichael, Highland, Calif.

James Menard, Orange, Texas          

Stephany Meyer, Goessel, Kan.           

Rachel Miller*, Freeman, S.D.        

Victoria Mosakowski*, Lawrence, Kan.

Linda Moyo*, Hesston, Kan.                    

Fatima Nemi, Lima, Peru                   

Anna Northcutt, Gardnerville, Nev.

Nalea Payton, El Dorado, Kan.

Lindsey Pfannenstiel, Kansas City Kan.

April Powls, Garnett, Kan.             

Bethany Powls*, Garnett, Kan.

Joaquin Pluis, Buenos Aires, Argentina

Julio Quiroga, Madrid, Spain              

Bethany Regehr, Whitewater , Kan.         

Eli Regier, Newton              

Wynter Rentas, Wichita                       

Isabelle Saenz*, Newton      

Lizzie Schmucker, Moundridge, Kan.    

Nathaniel Schmucker*, Moundridge, Kan.     

Nolan Schrader*, McPherson, Kan.        

Julianna Schrag, Goessel, Kan.        

Jessica Schumann, Valley Springs, Calif.        

Jaylon Scott*, Allen, Texas        

Jayden Seabolt, Cimarron, Kan.

Joshua Seabolt*, Cimarron, Kan.              

Jordan Singh*, Newton               

Sidney Smith, Frisco, Texas

J’Lynne Stolsworth*, Harper, Kan.

Shauntel Stovall, Wichita

Jocelyn Stupey, Arlington, Clean.

Dailen Terry, Colorado Springs, Colo.

Future Tollette, Killeen, Texas

Sergio Torres, Essential West, Fla.        

Vicente Trejo Gomez, Santiago, Chile          

Jacquelyn Tschohl, Andover, Kan.

Jordan Twenter, Independence, Mo.

Abigail Walker*, Roanoke, Texas

Allison Weaver, Hesston, Kan.           

Bryce Wilson, Sterling, Kan.                 

Tobin Wise, Nice Hill, Mo.

Juan Volker, Vina del Mar, Chile

Dylan Yoder, Wichita

Mikias Zewge*, Dallas

*denotes graduating senior  

 

HONOR ROLL

Kayla Anderson, Newton

Denislav Argirov, Dresden, Germany

Kyle Belvin, Wichita

Emil Benavides, Stockton, Kan.

Loggan Birch, Burleson, Texas

Sydney Brown, Keller, Texas

Milan Bucek, Pelhrimov, Czech Republic               

Tristen Burger, Larned, Kan.

Brianna Clark, Henderson, Nev.

Luke Cottage*, Kettering, United Kingdom

Sophie Chindamo, Lawrence, Kan.

Tristan England, Really Prairie, Kan.

Josie Epp, Marion, S.D.

Brian Firebaugh, Augusta, Kan.

Claire Hedlund, McPherson, Kan.

Cole Herman, Halstead, Kan.

Ericka Herzet*, Marion, Kan.           

Gustavo Infante-Zambrano, Caracas, Venezuela

Ginger Jones*, Newton             

Shanti Kauffman, Hesston, Kan.

Zachary Kennell, Newton           

Faith Lindley, Goddard, Kan.

Alejandra Martinez, Newton                       

Jakoby Masters, Lawrence, Kan.

Mitchell Monteith, Duncan, Okla.

Karly Moore, Newton

Brittney Nortz, Elk, Wash.

Darrius Pamplin, Houston

Lucas Pardo, Montevideo, Uruguay                 

Jasmine Peete, Riverside, Calif.

Brandon Phorn*, Newton           

Katy Ponce, Chino, Calif.

Austin Rate, Russell, Kan.

Tomas Quercia, Buenos Aires, Argentina      

Mario Quintero, Haven, Kan.

Annalysa Ranzinger, Brighton, Colo.

Brianna Reeves, Derby, Kan.

Colton Rothwell, Wichita

Luke Schmidt, Newton           

Jordyn Smith, Axtell, Kan.

Tucker Smith, Muscotah, Kan.

Capri Stevenson-Bisom, West Berlin, N.J.

Seth Weatherby, Midland, Texas

Lynnzey Younger, Valley Middle, Kan.

*denotes graduating senior

Bethel is a four-12 months liberal arts higher education established in 1887 and is the oldest Mennonite higher education in North The usa. Recognised for educational excellence, Bethel ranks at #15 in the Washington Monthly list of “Best Bachelor’s Colleges” and #31 in U.S. Information & Planet Report, Very best Regional Faculties Midwest, each for 2021-22. Bethel was the only Kansas school or university picked for the American Affiliation of Faculty & Universities’ 2021 Institute on Reality, Racial Healing and Transformation, and has been named a TRHT Campus Heart. For additional information, see www.bethelks.edu

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Bethel University honors Course of 2022

NORTH NEWTON, Kan. – Bethel College or university celebrated the 81 users of the Class of 2022 with a baccalaureate worship support and commencement ceremony on May possibly 15 in Memorial Corridor.

The graduates are:

Mauro Arancibia Campos, B.S., Small business Administration, Talca, Area del Maule, Chile

Beth Balzer, B.A., Social Do the job, Inman, Kan.

Landon Barnes, B.S., Overall health and Physical Training, Ashland City, Tenn.

Emma Beachy, B.A.***, History, Tunes, Kalona, Iowa

Alex Bearup, B.S., Business Administration, Wichita

Raegen Boeken, B.S.N., Nursing, Valley Middle, Kan.

Ashtyn Brown, B.S., Elementary Education and learning, Andover, Kan.

Simone Burgess, B.S.*, Social Do the job, Los Angeles

Josie Calzonetti, B.S.*, Company Administration, Back garden City, Kan.

Annie Carlson, B.A.***, Biology, Freeman, S.D.

Kentrell Carr, B.A., Organic Sciences, Warm Springs National Park, Ark.

Luke Cottage, B.S., Organization Administration, Kettering, Northants, United Kingdom

Reagan Cowden, B.S.N.*, Nursing, Derby, Kan.

Bailea Crist, B.S., Social Work, McPherson, Kan.

Sandy Dao, B.A.***, Biology, Salina, Kan.

Erin Dean, B.S.N., Nursing, Wichita

Jadyn Diepenbrock, B.S.N.*, Nursing, Lincolnville, Kan.

Char Ehrmann, B.A., Background and Political Science, Wichita

Peyton Quickly, B.S.**, Elementary Education, Moundridge, Kan.

Presten Fry, B.A., Music, Overland Park, Kan.

Nathan Garber, B.A.***, Historical past and Political Science, Newton

Trae Gehring, B.A.***, New music/Training, Very Prairie, Kan.

Charlie Gibson, B.A., Bible and Faith, Ashland, Kan.

Oscar Gonzalez, B.A., Visual Communication and Style, Newton

Kendra Gooden, B.A.*, Psychology, Wichita

Andrew Goodman, B.A., Company Administration, Shawnee, Kan.

Adam Gouro, B.S., Small business Administration, Niamey, Niger

Natalie Graber, B.A.**, Organic Sciences, Psychology, Divide, Colo.

Avery Hawkins, B.A., Communication Arts, Smith Middle, Kan.

Matthew Hernandez, B.S., Social Do the job, Chanute, Kan.

Courtney Herzet, B.S.N., Nursing, Marion, Kan.

Ericka Herzet, B.S.N., Nursing, Marion, Kan.

Hailey Hill, B.S.**, Elementary Education and learning, Sedgwick, Kan.

Jaimie Ingwerson, B.S.N., Nursing, Concordia, Kan.

Sierra Johnson, B.S., Social Function, Newton

Ginger Jones, B.S.N., Nursing, Newton

Jasmina Jones, B.A., Normal Sciences, Gainesville, Ga.

Jadin Kaltenbach, B.A., Interaction Arts, Social Perform, Wichita

Jerod Kaufman, B.A.***, Mathematical Sciences, Moundridge, Kan.

Thomas Kucera, B.A.**, Historical past, Wichita

Drannon Lenox, B.A.**, Organic Sciences, Norman, Okla.

Mia Loganbill, B.A.***, Biology, Hesston, Kan.

Antonino Mangiapane, B.S.**, Company Administration, Solingen, North-Rhine Westphalia, Germany

Evelyn Manresa Lozano, B.A., Organic Sciences, Psychology, Tampa, Fla.

Steven Marks, B.S.**, Social Work, Bakersfield, Calif.

Haley Mastin, B.S.N., Nursing, Concordia, Kan.

Kendall Michalski, B.S., Elementary Schooling, Topeka, Kan.

Katlynn Miller, B.A., Psychology, Aurora, Kan.

Rachel Miller, B.S.***,  Social Work, Freeman, S.D.

Victoria Mosakowski, B.A.**, Historical past/Education and learning, Lawrence, Kan.

Linda Moyo, B.A., Psychology, Hesston, Kan.

Alexiou Munnings, B.S., Wellness and Actual physical Education, Nassau, Bahamas

Mason Murray, B.S., Organization Administration, Bitter Lake, Texas

Jordan Neely, B.S., Business Administration, Allen, Texas

Kayla Newman, B.A., Tunes/Instruction, Halstead, Kan.

Marvin Phillips, B.A., Heritage and Political Science, Houston

Brandon Phorn, B.A., Biology, Coweta, Okla.

Bethany Powls, B.A.***, English, History, Garnett, Kan.

Madison Prager, B.S.N., Nursing, Port St. John, Florida

Victoria Riddick, B.A., Normal Sciences, Aztec, N.M.

Haley Robinette, B.S. , Social Get the job done, Circleville, Ohio

Jose Rojas, B.S., Business Administration, Newton

Jensen Roth, B.S.***, Elementary Instruction, Abilene, Kan.

Isabelle Saenz, B.S.N., Nursing, Newton

Nathaniel Schmucker, B.A.*, Psychology, Moundridge, Kan.

Nolan Schrader, B.A.***, Natural Sciences, McPherson, Kan.

Jaylon Scott, B.S.**, Business enterprise Administration, Allen, Texas

Joshua Seabolt, B.S.*, Enterprise Administration, Cimarron, Kan.

Jordan Singh, B.A.**, Record, Psychology, Newton

J’Lynne Stolsworth, B.A.*, Elementary Schooling, Harper, Kan.

Shauntel Stovall, B.A., Bible and Faith, Wichita

Sydney Tenant, B.A., Psychology, Peoria, Ariz.

Jessie Thomas, B.A.***, English/Instruction, Sedgwick, Kan.

Bryce Underwood, B.A., History, Bakersfield, Calif.

Peyton Uznanski, B.S.N., Nursing, Olympia, Clean.

Starr Vanous, B.S.N., Nursing, Maize, Kan.

Abigail Walker, B.S., Elementary Education and learning, Roanoke, Texas

Hanna Watts, B.A., Biology, Richardson, Texas

Kalynn Wiles, B.A., History and Political Science, Pontiac, Ill.

Samuel Wilson, B.A., Psychology, Cary, N.C.

Mikias Zewge, B.S., Company Administration, Dallas

 

B.A. = Bachelor of Arts

B.S. = Bachelor of Science

B.S.N. = Bachelor of Science in Nursing

* = cum laude (with honors), 3.500-3.649 GPA

** = summa cum laude (with superior honors), 3.650-3.799 GPA

*** = magna cum laude (with best honors), 3.800-4. GPA

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

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

Tulsa, Oklahoma–(Newsfile Corp. – May possibly 27, 2022) – Academic Growth Company (NASDAQ: EDUC) (“EDC,” or the “Business”) (http://www.edcpub.com) currently announces the day of the yearly shareholders meeting and document day of shareholders.

The Yearly Meeting of Shareholders of Instructional Development Company will be held on July 6, 2022 at 10:00 a.m. at the Corporate Offices, 5402 S. 122nd East Ave in Tulsa, Oklahoma. Shareholders of record at the shut of enterprise on June 2, 2022 are entitled to participate in the once-a-year assembly. The proxy statement, accompanying proxy card and the 2022 Annual Report will be mailed on or about June 15, 2022.

About Instructional Progress Corporation (EDC)

EDC is a publishing business specializing in guides for small children. EDC is the exclusive United States Multi level marketing distributor of the line of instructional kid’s publications created in the United Kingdom by Usborne Publishing Constrained (“Usborne”) and we also solely publish books via our ownership of Kane Miller Ebook Publisher (“Kane Miller”) each international award-successful publishers of children’s books. EDC’s existing catalog consists of virtually 2,000 titles, with new additions semi-annually. Products and solutions are marketed by way of 4,000 retail shops and by unbiased consultants, who hold e-book showings in individual homes, by means of social media, e-book fairs with university and general public libraries, direct and web profits.

Get hold of:
Instructional Progress Company
Craig White, (918) 622-4522

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

Cautionary Assertion for the Goal of the “Safe and sound Harbor“ Provision of the Non-public Securities Litigation Reform Act of 1995.

The data reviewed in this Push Release features “forward-searching statements.” These forward-hunting statements are determined by their use of conditions and phrases these as “might,” “expect,” “estimate,” “challenge,” “system,” “believe,” “intend,” “achievable,” “anticipate,” “go on,” “potential,” “should,” “could,” and comparable phrases and phrases. Even though we think that the anticipations mirrored in these ahead-hunting statements are sensible, they do contain selected assumptions, risks and uncertainties and we can give no assurance that these kinds of anticipations or assumptions will be achieved. Identified and unfamiliar risks, uncertainties and other aspects may well bring about our true results, general performance or achievements to be materially unique from any upcoming outcomes, general performance or achievements expressed or implied by ahead-looking statements. Variables that could bring about or contribute to this sort of dissimilarities consist of, but are not minimal to, our good results in recruiting and retaining new consultants, our capacity to identify and procure ideal books, our means to ship the quantity of orders that are obtained without the need of building backlogs, our capacity to get adequate financing for operating funds and funds expenditures, financial and competitive ailments, regulatory alterations and other uncertainties, the COVID-19 pandemic, as very well as those people variables talked about in our Yearly Report on Variety 10-K for the 12 months finished February 28, 2022, all of which are difficult to predict. In light-weight of these pitfalls, uncertainties and assumptions, the ahead-wanting occasions talked over might not happen. All ahead-seeking statements attributable to us or individuals performing on our behalf are expressly qualified in their entirety by the cautionary statements in this paragraph and in other places in our Once-a-year Report on Sort 10-K for the yr ended February 28, 2022 and talk only as of the date of this Push Release. Other than as expected less than the securities guidelines, we do not suppose a responsibility to update these forward-on the lookout statements, irrespective of whether as a outcome of new information and facts, subsequent gatherings or circumstances, changes in anticipations or if not.

To view the source version of this press release, make sure you stop by https://www.newsfilecorp.com/release/125668

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Educational Development Corporation Announces Fiscal Fourth Quarter and Fiscal Year 2022 Results

Educational Development Corporation Announces Fiscal Fourth Quarter and Fiscal Year 2022 Results

Tulsa, Oklahoma–(Newsfile Corp. – May 4, 2022) – Educational Development Corporation (NASDAQ: EDUC) (“EDC”, or the “Company”) (http://www.edcpub.com) today reports financial results for the fiscal fourth quarter and fiscal year ended February 28, 2022.

Fiscal Year End Highlights Compared to the Prior Year

  • Net revenues of $142.2 million, a decrease of $62.4 million, or 30.5{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf}, compared to $204.6 million.

  • Average active UBAM sales consultants totaled 44,900.

  • Earnings before income taxes were $11.2 million, a decrease of $6.0 million, or 34.9{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf}, compared to $17.2 million.

  • Net earnings totaled $8.3 million, compared to $12.6 million, a decrease of $4.3 million, or 34.1{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf}.

  • Earnings per share totaled $0.98, compared to $1.50, down 34.7{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf} on a fully diluted basis.

Fourth Quarter Highlights Compared to the Prior Year Fourth Quarter

  • Net revenues of $23.3 million, a decrease of $17.0 million, or 42.2{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf}, compared to $40.3 million.

  • Average active UBAM sales consultants totaled 37,500.

  • Earnings before income taxes were $0.3 million, a decrease of $2.7 million, or 90.0{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf}, compared to $3.0 million.

  • Net earnings totaled $0.3 million, compared to $2.2 million, a decrease of $1.9 million, or 86.4{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf}.

  • Earnings per share totaled $0.04, compared to $0.25, down 84.0{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf} on a fully diluted basis.

“We are pleased to report that we continue to exceed pre-pandemic levels in our fiscal fourth quarter with increases in net revenues and average number of consultants, resulting in continued profitability. Last year, due to multiple circumstances associated with the COVID-19 pandemic, we saw an unusually positive increase in the demand for our products which resulted in record sales and earnings for fiscal 2021. This year, many of these circumstances, such as children returning to the classroom, and parents returning to full-time employment, have resulted in our business returning to more normalized levels of growth with associated seasonality,” stated Craig White, President and CEO of Educational Development Corporation.

Due to the significant positive impact of the COVID-19 pandemic on the business last year, provided below is an additional table to show pre-COVID, COVID impacted and current financial results for the fiscal fourth quarter and year-to-date results ended February 28 (29),

Pre-COVID

Pre-COVID

COVID Impacted

COVID Impacted

Current Year

Current Year

Period

Q4 FY 2020

FY 2020

Q4 FY 2021

FY 2021

Q4 FY 2022

FY 2022

Average # of Consultants

31,400

32,500

58,900

48,700

37,500

44,900

Net Revenues

20,161,900

113,011,900

40,343,000

204,635,100

23,314,200

142,228,800

Net Earnings

538,100

5,645,100

2,168,300

12,624,000

323,900

8,306,800

After tax profit {e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf}

2.7{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf}

5.0{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf}

5.4{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf}

6.2{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf}

1.4{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf}

5.8{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf}

Mr. White continued, “Sales from our UBAM division continue to be driven by our active consultant count. When compared to fiscal year 2020, the year prior to COVID-19, UBAM net revenues for our fiscal fourth quarter totaling $20.4 million, are 12.2{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf} greater and UBAM’s fiscal year net revenues totaling $129.0 million, increased by 24.8{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf}. This growth, compared to fiscal year 2020, clearly demonstrates the continued success of our consultant salesforce in generating sales.”

“Sales from our Publishing division totaled $2.9 million for the quarter and a record $13.3 million for this year. These record sales volumes from our Publishing division represent a 53.6{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf} growth over last year, and an increase of 15.6{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf} over the largest sales year in our Publishing Division’s history. We continue to experience sales growth with existing customers and have success adding new customers through the hard work of our Publishing sales team.”

“During the fiscal year 2022, we generated $11.2 million of pretax profits, approximately 7.9{e4f787673fbda589a16c4acddca5ba6fa1cbf0bc0eb53f36e5f8309f6ee846cf} of net revenues. This strong profit level results from our consistent business model and our attention to cost control.”

“We are now in our first quarter of fiscal 2023 and are seeing the sales efforts our UBAM division challenged by record inflation resulting in higher fuel and food costs. These inflationary challenges pull back on the disposable income of our customers and have historically had a short-term impact on sales. As an offset to these challenges, our consultant count is typically bolstered by the addition of consultants looking for additional earning streams. These short-term issues have forced us to look at the current fiscal year with a more conservative outlook.”

“While we expect short term challenges this year, we are taking steps to conserve cash and maintain profitability. In addition, because we have acquired the bulk of our inventory over the past year, we are protected in the short term from rising inventory prices. During this quarter we have increased our working capital borrowings with our bank to support our increased inventory levels and the board has decided to temporarily suspend our dividend to protect our balance sheet. The dividend has always been a priority for the Company as part of our long-term capital allocation strategy to create shareholder returns. This strategy remains unchanged and as our inventory levels normalize later this year, our priority is to reinstate our historical practice of paying quarterly dividends,” concluded Mr. White.

EDUCATIONAL DEVELOPMENT CORPORATION

CONDENSED STATEMENTS OF EARNINGS (UNAUDITED)

Three Months Ended
February 28,

Twelve Months Ended
February 28,

2022

2021

2022

2021

NET REVENUES

$

23,314,200

$

40,343,000

$

142,228,800

$

204,635,100

EARNINGS BEFORE INCOME TAXES

314,500

3,013,100

11,235,900

17,230,800

INCOME TAXES

(9,400

)

844,800

2,929,100

4,606,800

NET EARNINGS

$

323,900

$

2,168,300

$

8,306,800

$

12,624,000

BASIC AND DILUTED EARNINGS

PER SHARE:

Basic

$

0.04

$

0.26

$

1.03

$

1.51

Diluted

$

0.04

$

0.25

$

0.98

$

1.50

DIVIDENDS PER SHARE

$

0.10

$

0.10

$

0.40

$

0.32

WEIGHTED AVERAGE NUMBER OF

COMMON AND EQUIVALENT SHARES

OUTSTANDING:

Basic

8,072,456

8,347,427

8,039,843

8,352,474

Diluted

8,461,810

8,644,427

8,452,340

8,426,724

EDC will host its Fiscal Year 2022 Annual Earnings Call, including a live Q&A webcast, on Thursday, May 5, 2022, at 3:30 PM CT (4:30 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 annual results and be available for questions following the presentation. Phone lines for participants will be available at (855) 639-3876. The conference ID is 8469478. Audio replays will be available following the event 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 or Jean Marie Young, (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, 2022, 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, 2022 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/122795

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Massillon announces sites of new elementary schools

Massillon announces sites of new elementary schools
Massillon City Schools has plans to construct a new pre-kindergarten through third grade building on the visitor parking lot at Paul Brown Tiger Stadium. Another elementary school will be built behind the Massillon Intermediate and Junior High School on the city's west side.

MASSILLON – Massillon City Educational facilities officers have made a decision where they will establish two new elementary colleges.

Superintendent Paul Salvino stated a single of the new pre-kindergarten by way of third grade structures will be developed on the customer parking good deal at Paul Brown Tiger Stadium. The other is powering the Massillon Intermediate and Junior Superior College on the city’s west facet.

The choice will come soon after months of examining various locations, such as getting soil samples and underground imaging.

Salvino stated setting up the educational facilities on district-owned home was a goal to continue to keep costs down in the believed $45 million project.

The two campuses — east and west — will improve safety and protection and preserve money for services such as upkeep. The move also streamlines transportation, Salvino mentioned, incorporating the new functions facility that houses the bus garage is located concerning the two campuses.

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OnTrack WNC announces May 2022 online education schedule

OnTrack WNC announces May 2022 online education schedule

We are now featuring two distinct varieties of on-line schooling possibilities: stay, interactive classes and self-paced, on-need programs. You opt for what is effective very best for your understanding type and program!

We hope you appreciate these courses. Thank you for your comprehending as we carry on to supply distant programming for the basic safety of our clientele, volunteers, and staff members.

Pre-registration is expected for all on the internet classes.

Stay, Interactive On line Lessons
Income Visioning & Goal Environment – Emotion caught in your funds life? Prepared to start off wondering about what you want to do otherwise? In this class, you will get a obvious picture of your dollars goals by an interactive visioning workout. Then, you will study how to generate a practical financial savings target and system the ways desired to get to it! You will leave this course with drive and resources to start off generating your best revenue life a truth. This class is all about participation so come geared up with paper, a pen, and maybe even crayons and markers if you have them, to soar commence your learning. Signal up now!

Wednesday, Could 4 from 5:30 to 7:00 pm
Wednesday, Might 11 from 12:00 to 1:30 pm
Wednesday, May possibly 18 from 12:00 to 1:30 pm
Tuesday, May perhaps 24 from 5:30 to 7:00 pm

Self-Paced, On-Need Lessons
Start off and stop these programs as required for your schedule. They get an ordinary of 2-3 several hours to total, even though this varies from man or woman to individual. These programs are available on the internet, wherever, at any time.

Cash Foundations – All through this on-desire class, you will be introduced to the foundations of basic cash management that will enable to modify your knowledge of your personal fiscal life. Signal up now! This course will instruct you how to:

-Create a real looking month to month finances.
-Help save money frequently to spend for budget-busting fees that generally pop up (like acquiring new tires) and even bigger savings goals like a spouse and children holiday.
-Build a customized two-thirty day period unexpected emergency hard cash flow approach to make absolutely sure that you have the funds on hand to fork out your costs and costs when they are thanks.
-Endure when you really do not have plenty of funds to include charges by next six important methods.

Credit rating: How to Build and Repair Your Credit history Score – Throughout this on-need course, you will come across out what credit score is and why it is significant, attain being familiar with about what affects your credit score rating, and understand of strategies to develop and mend your credit score rating. Indicator up now!

Personal debt Payment Throughout Uncertain Instances – Financial uncertainty phone calls for a new technique to taking care of cash and money owed. In this on-need course, we focus on how to use distinctive credit card debt compensation techniques when cash is limited. We’ll glimpse at hardship selections for distinct sorts of credit card debt (such as how to manage your vehicle bank loan versus your credit card debt) and how to prioritize which money owed to fork out. Indication up now!