Peoples Educational Holdings Announces Listing on the OTC Bulletin Board
10 11월 2004 - 6:51AM
PR Newswire (US)
Peoples Educational Holdings Announces Listing on the OTC Bulletin
Board SADDLE BROOK, N.J., Nov. 9 /PRNewswire/ -- Peoples
Educational Holdings. Inc. (OTC:PEDH.OB) (BULLETIN BOARD: PEDH.OB)
today announced that the Company's stock is now listed on the OTC
Bulletin Board. "This is an excellent first step as we continue to
achieve our strategic objectives and build the future of Peoples
Educational Holdings," commented Brian T. Beckwith, President and
Chief Executive Officer. "This OTC Bulletin Board listing is a
reflection of our goal to improve the visibility of Peoples
Educational Holdings, Inc. in the investment community and to
continue to build shareholder value. We believe our continued
commitment to these efforts will eventually position the Company
for a future listing on a major stock exchange." Concurrent with
the Company's listing, Feltl and Company, Securities Brokerage was
approved to publish quotes on Peoples Educational Holdings, Inc.
About Peoples Educational Holdings, Inc. Peoples Educational
Holdings, Inc. is a publisher and marketer of print and electronic
educational materials for the K-12 school market. The Company
focuses its efforts in three market areas: Test Preparation and
Prescriptive Assessment materials targeted to state- specific
standardized tests College Preparation materials for academically
rigorous high school programs Instruction products are customized
standards-based materials for the supplemental K-12 market. The
Company's proprietary products are supplemental in nature. They are
predominately softcover, high gross profit margin titles that can
be sold efficiently through the Company's direct sales force, as
well as through catalogs, direct mail, telemarketing, and
independent commission sales representatives. Distributed products
are both basal and supplemental in nature. This press release
contains forward-looking statements regarding the Company and its
markets as defined in section 21E of the Securities Exchange Act of
1934. These forward-looking statements involve a number of risks
and uncertainties, including (1) demand from major customers, (2)
effects of competition, (3) changes in product or customer mix or
revenues and in the level of operating expenses, (4) rapidly
changing technologies and the Company's ability to respond thereto,
(5) the impact of competitive products and pricing, (6) local and
state levels of educational spending, (7) ability to retain
qualified personnel, (8) ability to retain its distribution
agreements in the College Preparation market, (9) the sufficiency
of the Company's copyright protection, and (10) ability to continue
to rely on the services of a third party warehouse, and other
factors as discussed in the Company's filings with the SEC. The
actual results that the Company achieves may differ materially from
any forward-looking statements due to such risks and uncertainties.
The Company undertakes no obligation to revise any forward-looking
statements in order to reflect events or circumstances that may
arise after the date of this report. Readers are urged to carefully
review and consider the various disclosures made by the Company in
this press release and the reports the Company files with the
Securities and Exchange Commission that attempt to advise
interested parties of the risks and factors that may affect the
Company's business and results of operations. Contact: Peoples
Publishing Group, Inc., Saddle Brook, NJ Investor Contact: Michael
DeMarco Press Contact: Michael DeMarco Phone: 201-712-0090
DATASOURCE: Peoples Educational Holdings. Inc. CONTACT: Investors
& Press Michael DeMarco of Peoples Publishing Group,
+1-201-712-0090, Web site: http://www.peoplespublishing.com/
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