Exhibit 99.1

    EDUCATIONAL DEVELOPMENT CORPORATION ANNOUNCES AGREEMENT WITH INTERVISUAL
                                   BOOKS, INC.

    TULSA, Okla., July 13 /PRNewswire-FirstCall/ -- Randall White, CEO and
President of Educational Development Corporation (Nasdaq: EDUC) announces that
the Company has entered into an agreement to provide Debtor in Possession
financing and to participate in a Plan of Reorganization with Intervisual Books,
Inc., located in Inglewood, California. Intervisual Books, Inc. is currently
operating as a debtor-in-possession in a Chapter 11 bankruptcy case voluntarily
filed May 8, 2006. Upon Bankruptcy Court approval EDC will provide Intervisual
Books, Inc. with interim financing intended to facilitate the acquisition by EDC
of substantially all of the assets of Intervisual which would then become an
operating division of EDC.

    Intervisual Books, Inc. currently publishes and distributes over 300
titles of children's books under the Piggy Toes Press imprint.

    There is no assurance this transaction will be finalized, as it is subject
to approval from the United States Bankruptcy Court in Los Angeles, California.

SOURCE  Educational Development Corporation
    -0-                             07/13/2006
    /CONTACT:  Randall White, President of Educational Development
Corporation, +1-918-622-4522/
    /Web site:  http://www.edcpub.com /
    (EDUC)