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January 02, 2011

Financial News

Financial News, January 2011


Zurvita Holdings Inc.

Zurvita Holdings Inc. (OTC.BB—ZRVT) announced revenue for the 12 months ended July 31, 2010, was approximately $6.3 million, an increase of $3.5 million compared to revenue of $2.8 million for the seven months ended July 31, 2009. Gross profit for the fiscal year ended July 31, 2010, was approximately $1.7 million as compared to gross profit of approximately $697,000 for the short fiscal year ended July 31, 2009.

Zurvita is a dynamic direct-to-consumer marketing company offering high-quality products and services targeting individuals, families and small businesses. The company’s highly differentiated services feature best-in-class consumer products and small-business solutions through a growing network of independent sales consultants.

PartyLite Gifts and ViSalus Sciences

Blyth (NYSE—BTH), parent company of PartyLite Gifts and ViSalus Sciences, reported net sales for the third quarter ended Oct. 31, 2010, declined approximately 3 percent to $215.5 million from $221.6 million for the prior year period. Sales growth in ViSalus Sciences and in the Midwest-CBK business was more than offset by lower sales volume in PartyLite, in the catalog and Internet segment and in food service.

Based in Plymouth, Mass., PartyLite was established in 1973 and is a member of the Blyth Inc. family of home-fragrance products and related candle accessories.

Dividend Report

Educational Development Corporation

Educational Development Corporation (NASDAQ—EDUC) announced a quarterly cash dividend of 15 cents per share. The dividend was paid on Dec. 17, 2010, to shareholders of record Dec.  10, 2010.

Educational Development Corporation sells children’s books, including Usborne Books and the Kane/Miller line of international children’s titles, through a multi-level sales organization of independent consultants, through 5,000 retail stores and over the Internet. More than 1,600 titles are available for children of all ages, with periodic new additions.