EXHIBIT 99.1 – PRESS RELEASEPRESS RELEASE For Immediate Release
Date: July 26, 2005
Contact: Michael DeMarco, Chief Financial Officer
Peoples Educational Holdings, Inc. Schedules Second Quarter Earnings Release and Conference Call for August 11, 2005
(Saddle Brook, NJ) – July 26, 2005 – Peoples Educational Holdings, Inc. (NASDAQ: PEDH) today announced it will issue results for the second quarter of 2005 on Thursday August 11, 2005. A conference call will be held at 11:00 a.m. Eastern time with Brian Beckwith, President and Chief Executive Officer and Michael DeMarco, Chief Financial Officer to discuss the second quarter and year to date results.
Conference Call and Webcast Details:Live Conference Call
Thursday, August 11, 2005, 11:00 a.m. Eastern
Live Audio Webcast:
(available approximately two hours after conference call ends through Friday, August 11, 2006.) http://phx.corporate-ir.net/playerlink.zhtml?c=184416&s=wm&e=1108369
Peoples Publishing Group, Inc., Saddle Brook, NJ
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 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.