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EDMARK ANNOUNCES THAT IT IS PROCEEDING WITH 250,000 SHARE OFFERING

 REDMOND, Wash., June 2 /PRNewswire/ -- Edmark Corp. (NASDAQ: EDMK) announced that it has filed with the Securities and Exchange Commission an amendment to its registration statement for the sale of common stock. The amendment will provide for the registration of 250,000 shares of the company's common stock which will be sold directly by the company.
 The company plans to sell the common stock to a group of approximately 10 investors at an estimated $10 per share. Stock purchased in the offering will be subject to a one-year restriction on resale. It is anticipated that the sale will occur within the next 10 days. The company intends to use the estimated $2.5 million proceeds for new product development, marketing and working capital purposes.
 "The proposed stock sale will provide great flexibility to support our new product development and marketing efforts in the growing and increasingly competitive retail market," reported Sally Narodick, chairman and chief executive officer of the company. "We believe that this offering will best serve our company's growth needs at this stage of our development."
 Edmark develops, publishes and markets educational software and other products for the early childhood and special education markets.
 A registration statement relating to the securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sales of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful, prior to registration or qualification under the securities laws of any such jurisdiction.
 -0- 6/2/93
 /CONTACT: Sally G. Narodick, chief executive officer, of Edmark, 206-556-8404/
 (EDMK)


CO: Edmark Corp. ST: Washington IN: PUB SU: OFR

SW-AL -- SE027 -- 4669 06/02/93 18:06 EDT
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Publication:PR Newswire
Date:Jun 2, 1993
Words:327
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