EXHIBIT 99.1 - Press release
For Immediate Release
PEOPLES EDUCATIONAL HOLDINGS, INC. SCHEDULES THIRD QUARTER ENDED FEBRUARY 28,
2007 EARNINGS RELEASE AND CONFERENCE CALL FOR APRIL 12, 2007
(Saddle Brook, NJ) - March 30, 2007 - Peoples Educational Holdings, Inc.
(NASDAQ: PEDH) today announced it would issue results for its third quarter
ended February 28, 2007 on April 12, 2007. A conference call will be held at 5pm
Eastern Time with Brian Beckwith, President and Chief Executive Officer, and
Michael DeMarco, Chief Financial Officer.
Conference Call and Webcast Details:
Live Conference Call
Thursday, April 12, 2007 at 5:00pm. Eastern
US: 800-638-4930
International: 617-614-3944
Participant Passcode: 82907177
Live Audio Webcast:
http://phx.corporate-ir.net/playerlink.zhtml?c=184416&s=wm&e=1517474
Conference Call Replay (available approximately two hours after conference call
ends through April 19, 2007)
Dial In #: 888-286-8010
International Dial In #: 617-801-6888
Passcode: 25017371
Webcast Replay (available approximately two hours after conference call ends
through April 12, 2008
http://phx.corporate-ir.net/playerlink.zhtml?c=184416&s=wm&e=1517474
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 two market areas:
Test Preparation, Assessment, and Instruction Product Group
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Test Preparation and Assessment: The Company creates and sells state
customized, print and electronic, test preparation and assessment materials
that help teachers prepare students for success in school and for required
state proficiency tests, grades 2-12.
Instruction: Grades 2-8 state customized, print worktext and print and
web-based assessments that provide students in-depth instruction and
practice in reading, language arts, and mathematics.
College Preparation Product Group
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The Company distributes and publishes instructional materials that meet the
academic standards high schools require for honors, college preparation, and
Advanced Placement courses. We are the exclusive high school distributor for
two major college publishers.
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The Company's proprietary products are supplemental in nature. They are
predominately soft-cover, 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.
Peoples Education, Inc., Saddle Brook, NJ
Investor Contact: Michael DeMarco
Press Contact: Michael DeMarco
Phone: 201-712-0090
investorrelations@peoplesed.com
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