Educational Development Corporation (“EDC”) (Nasdaq:EDUC) reported results for the fiscal second quarter and the six months ended August 31, 2014, including September.
For the six months ended August 31, 2014, EDC reports net revenue of $13,986,500, a 19% increase of $2,280,900 when compared to $11,705,600 for the same period in the previous year and net earnings of $235,800 compared to $123,000. Earnings per share were $0.06 compared to $0.03 the previous year on a fully diluted basis.
The home business division, Usborne Books & More, has now recorded 16 consecutive months of revenue growth after nine years of decline. Net revenues for the first six month of fiscal year 2015 were up 30% over the same period in fiscal year 2014, and for this quarter sales are up 41% and the trend continued in September as sales were up 58% over September last year.
Reflective of this net revenue gain, the number of sales associates joining our organization March-August has almost doubled at 2,300 as compared to 1,200 over the same period last year. Our number of active consultants is up 25% when comparing this quarter end to the prior year quarter end.
Monthly Archives: October 2014
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FTC Cracks Down On Advertising And Claims, Potentially Affecting Network Marketing
by Tina Williams • • 0 Comments
The chairwoman of the Federal Trade Commission, Edith Ramirez, has announced that the FTC is significantly increasing scrutiny and enforcement of mainstream advertising by reputable companies. Chairwoman Ramirez recently said that the FTC is increasing enforcement against not only “outright fraud,” but also national advertising campaigns.
The FTC’s recent approach of vigorous false advertising enforcement is intended to support the goal that, as the chairwoman stated, “advertising must be truthful and non-deceptive.”
As part of this aggressive push, the FTC has launched “Operation Full Disclosure,” a truth-in-advertising campaign that already includes FTC-issued “warning letters” to more than 60 companies regarding inadequate disclosures in their advertising. The sweeping goal stated by Chairwoman Ramirez suggests that even credible advertising claims may encounter FTC investigation, saying that the FTC will push its campaign “until we are confident the industry understands the need for ‘clear and conspicuous’ disclosures, and what ‘clear and conspicuous’ means.” It is important to note that the FTC has clearly said that not receiving a “Full Disclosure” letter doesn’t mean anything: you could still be in the crosshairs.
What Does This Mean To Companies?
The FTC’s statements and actions are consistent with a broader trend we have observed of increasing FTC actions against
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J.D. Power Reivews State Ambit Energy Comes Away As Overall Winner
by Tina Williams • • 0 Comments
A recent study by J. D. Power and Associates has found that Ambit Energy, an electric and natural gas provider, receives consistently high marks in customer satisfaction. The study, based on a survey of energy consumers in nine different states, collected data for almost a year.
From September 2013 to June 2014, J. D. Power and Associates collected information from 25,757 customers for their 2014 Retail Electric Provider Residential Customer Satisfaction Study. The results found that the Ambit Energy reviews were consistently at the top of the ranks.
The company, based in Dallas, Texas, was ranked “Highest in Residential Customer Satisfaction among Retail Electric Providers in Connecticut, New Jersey and Pennsylvania.” In Illinois, New York, and Pennsylvania, while not at the top of the list, Ambit Energy’s reviews were still on the rise, ranking well above average and staying competitive with the top names.
The J. D. Power and Associates study ranked energy providers on a scale from 0 to 1000, based on the responses they received from consumers. Texas was the state with the overall highest consumer satisfaction rating regarding their retail electricity providers. The overall satisfaction rating in Texas was 706, up 24 points from last year’s ranking of
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Zija International Launches Life Unlimited Academy
by Nicole Dunkley • • 0 Comments
Zija International will begin its Life Unlimited Academy this weekend. The Life Unlimited Academy is a training tour designed to help the company’s distributors become more business-savvy, better business builders, and to get valuable leadership training from Zija’s top-field leaders.
With 10 stops around North America, they are hoping to reach a large portion of their distributors to help assist them in growing their personal Zija businesses. Each stop will provide distributors with the resources they need to learn about all things regarding the company and to help them fulfill a “life unlimited,” the company’s mantra.
The tour will be as followed:
October 18 – Louisville, Kentucky
October 18 – San Antonio, Texas
October 25 – Grand Rapids, Michigan
November 1 – Baltimore, Maryland
November 1 – Toronto, Canada
November 8 – Atlanta, Georgia
November 8 – Northern California (Location TBD)
November 8 – Vancouver, British Columbia
November 15 – Nashville, Tennessee
December 6 – Fort Wayne, Indiana
Zija International is expecting a large turnout to each event due to the recent launch of their two new product divisions, Améo Essential Oils and Ripstix Supplements. More information about each event will be available at zijaevents.com.
About Zija International
Zija International, a privately held and privately funded business founded by Kenneth E. Brailsford and run by
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Snow, ice and maybe profit for small businesses
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