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-0.093816631130064 -0.093816631130064 -0.093816631130064 -0.093816631130064 0.0127931769722814 0.0127931769722814 0.0575692963752664 0.0575692963752664
Stock impact report

Educational Development Corporation Announces New Paycheck Protection Loan

Educational Development Corporation (EDUC) 
US:NASDAQ Investor Relations: edcpub.com/investors.aspx
Company Research Source: GlobeNewswire
TULSA, Okla., April 16, 2020 (GLOBE NEWSWIRE) -- Educational Development Corporation (“EDC”, or the “Company”) (NASDAQ: EDUC) (http://www.edcpub.com) today reports entering into a Loan pursuant to the Paycheck Protection Program under the Coronavirus Aid, Relief, and Economic Security (CARES) Act .    Randall White, CEO of Educational Development Corporation, announced the Company received a $1.44 million dollar loan under the Paycheck Protection Program. Per Mr. White, “Our Company received a $1.44 million dollar loan under the Paycheck Protection Program.  This loan program provides paycheck protection for our employees from the economic impact to our business due to the COVID-19 virus.  Our Publishing Division, which sells our books to bookstores (including major national chains), toy stores, specialty stores, museums and other retail outlets throughout the country, has been significantly impacted from the 'Stay at Home' orders across the majority of states in the country.   In Show less Read more
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