Excelligence Learning Corporation Announces Filing of Annual Report on Form 10-K and Increase to Previously Announced Earnings Per Common Diluted Share.Business Editors/High-Tech Writers MONTEREY, Calif.--(BUSINESS WIRE)--March 7, 2003 Excelligence Learning Corporation (NASDAQSC: LRNS), a developer, manufacturer, and retailer of educational products, today announced the filing of its 2002 Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. with the Securities and Exchange Commission. The Consolidated Statement of Operations See Income statement. for the year ended December 31, 2002 included in the Form 10-K reflected earnings per common diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share of $0.29 as compared to $0.28 per share announced in the Company's earnings release dated February 26, 2003. The difference in the earnings per common diluted share is the result of a revision in the number of weighted average diluted shares outstanding due to the impact of stock options being anti-dilutive for the fiscal year ended 2002. The Company's Securities and Exchange Commission reports and filings, including the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2002 may be viewed free of charge on the Company's website, www.excelligencelearning.com, or on the SEC's website at www.sec.gov. About Excelligence Learning Corporation Excelligence Learning Corporation is a developer, manufacturer and retailer of educational products to child care programs, preschools, elementary schools elementary school: see school. , and consumers. The Company serves early childhood professionals, educators, and parents by providing quality educational products and programs for children from infancy infancy, stage of human development lasting from birth to approximately two years of age. The hallmarks of infancy are physical growth, motor development, vocal development, and cognitive and social development. to 12 years of age. With proprietary product offerings and a multi-channel distribution strategy, the Company helps to further children's education and to reinforce the connection between learning at school and at home. The Company is composed of two business segments, Early Childhood and Elementary School. Excelligence Learning Corporation, www.excelligencelearning.com, is headquartered in Monterey, California For other uses, see Monterey (disambiguation). The City of Monterey is located on Monterey Bay along the Pacific coast in central California. As of 2005, the city population was 30,641. . |
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