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BRIEF-Educational Development Corp - On May 16 Executed A New Distribution Agreement With Usborne Publishing Limited

BY Reuters
— 5:17 PM ET 05/19/2022

May 19 (Reuters) - Educational Development Corp (EDUC):

* EDUCATIONAL DEVELOPMENT CORP (EDUC) - ON MAY 16 EXECUTED A NEW DISTRIBUTION AGREEMENT WITH USBORNE PUBLISHING LIMITED

* EDUCATIONAL DEVELOPMENT CORP (EDUC) - UNDER NEW DISTRIBUTION AGREEMENT, CO TO CONTINUE TO HAVE EXCLUSIVE RIGHTS TO SELL USBORNE PRODUCTS

* EDUCATIONAL DEVELOPMENT (EDUC) - WILL DISCONTINUE SELLING USBORNE PRODUCTS THROUGH PUBLISHING DIVISION FOLLOWING A SIX-MONTH CONTINUATION OF SERVICE PERIOD

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