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<SEC-DOCUMENT>0001275287-07-000122.txt : 20070111
<SEC-HEADER>0001275287-07-000122.hdr.sgml : 20070111
<ACCEPTANCE-DATETIME>20070111170001
ACCESSION NUMBER:		0001275287-07-000122
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20070111
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20070111
DATE AS OF CHANGE:		20070111

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EDUCATIONAL DEVELOPMENT CORP
		CENTRAL INDEX KEY:			0000031667
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-MISCELLANEOUS NONDURABLE GOODS [5190]
		IRS NUMBER:				730750007
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0228

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-04957
		FILM NUMBER:		07526363

	BUSINESS ADDRESS:	
		STREET 1:		10302 E 55TH PL #B
		CITY:			TULSA
		STATE:			OK
		ZIP:			74146
		BUSINESS PHONE:		9186224522

	MAIL ADDRESS:	
		STREET 1:		PO BOX 470663
		CITY:			TULSA
		STATE:			OK
		ZIP:			741460663

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TUTOR TAPES INTERNATIONAL CORP
		DATE OF NAME CHANGE:	19701030

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INTERNATIONAL TEACHING TAPES INC
		DATE OF NAME CHANGE:	19701030
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>ed8513.txt
<DESCRIPTION>FORM 8-K
<TEXT>
================================================================================

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

     PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

       Date of Report (Date of earliest event reported): January 11, 2007

                       EDUCATIONAL DEVELOPMENT CORPORATION
             (Exact name of registrant as specified in its charter)

                         Commission file number: 0-4957

             Delaware                                         73-0750007
 (State or other jurisdiction of                           (I.R.S. Employer
  incorporation or organization)                          Identification No.)

                10302 East 55th Place, Tulsa, Oklahoma 74146-6515
              (Address of principal executive offices and Zip Code)

                                 (918) 622-4522
              (Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities
     Act (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange
     Act (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))

================================================================================

<PAGE>

ITEM 2.02       RESULTS OF OPERATIONS AND FINANCIAL CONDITION

                On January 11, 2007, Educational Development Corporation,
announced via press release, reports nine months results. A copy of the press
release is attached hereto.

ITEM 9.01       FINANCIAL STATEMENTS AND EXHIBITS

      (d)       EXHIBITS

                99.1  Press release dated as of January 11, 2007

<PAGE>

                                   SIGNATURES

                Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.

                                             Educational Development Corporation


                                             By: /s/ Randall W. White
                                                 -------------------------------
                                                 Randall W. White
                                                 President and Chief Executive
                                                 Officer

Date:  January 11, 2007

<PAGE>

                                  EXHIBIT INDEX

EXHIBIT
NUMBER      DESCRIPTION
- -------     --------------------------------------------------------------------
*99.1       Press release dated as of January 11, 2007


- ----------
*Filed herewith.
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ed8513ex991.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
                                                                    Exhibit 99.1

         EDUCATIONAL DEVELOPMENT CORPORATION REPORTS NINE MONTHS RESULTS

    TULSA, Okla., Jan. 11 /PRNewswire-FirstCall/ -- Educational Development
Corporation (Nasdaq: EDUC) reported today that net revenues for the nine months
ended November 30, 2006 were $24,411,860 compared with $24,703,812 for the same
nine-months a year ago. Net earnings for the nine months ended November 30, 2006
were $1,918,795 compared with net earnings of $1,879,053 for the same
nine-months a year ago. Net revenues for the three months ended November 30,
2006 were $9,820,513 compared with $9,682,981 for the same period last year. Net
earnings for the three months ended November 30, 2006 were $798,158 compared
with $739,006 for the same period last year.

    Net revenues were up slightly for the 3rd quarter ended November 30, 2006
when compared with the same period last year. The Publishing Division's net
revenues were up 5% and the UBAH Division's increased slightly as well. The UBAH
Division experienced a 7.4% increase in the number of consultants who made sales
during the 3rd quarter of the current year when compared with the 3rd quarter
last year.

    The operating results allowed the Company to completely pay off its bank
debt and end the quarter with a cash balance of $3 million. The Company
continues to pursue growth opportunities internally and through business
acquisitions that would complement our current business model.

    Educational Development Corporation sells the Usborne line of children's
books through its multi-level sales organization, through 5,100 retail stores
and over the Internet. The Company offers over 1,400 different titles for
children of all ages.

                         Three Months Ended             Nine Months Ended
                             November 30,                  November 30,
                     ---------------------------   ---------------------------
                         2006           2005           2006           2005
                     ------------   ------------   ------------   ------------
Net Revenues         $  9,820,513   $  9,682,981   $ 24,411,860   $ 24,703,812

Earnings Before
 Income Taxes        $  1,303,958   $  1,167,006   $  3,095,395   $  3,007,953

Income Taxes              505,800        428,000      1,176,600      1,128,900

Net Earnings         $    798,158   $    739,006   $  1,918,795   $  1,879,053

Earnings Per
 Share:
   Basic             $       0.21   $       0.20   $       0.51   $       0.50
   Diluted           $       0.21   $       0.19   $       0.49   $       0.48

Weighted Average
 Shares:
   Basic                3,758,422      3,753,923      3,756,975      3,745,704
   Diluted              3,872,277      3,898,439      3,876,375      3,901,772

SOURCE  Educational Development Corporation
    -0-                             01/11/2007
    /CONTACT:  Randall White, President of Educational Development
Corporation
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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