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Oklahoma business briefs for May 29, 2014

Oklahoma business briefs for May 29, 2014
Oklahoman Published: May 28, 2014
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OKLAHOMA BRIEFS

TU students win business contest

A team of University of Tulsa students won the $30,000 top prize last week at the 2014 Donald W. Reynolds Tri-State Competition in Las Vegas. Team Owlpal Healthcare members Jordy Albert and Mackenzie Ward pitched a business plan around monitoring technology for families of children with asthma. Ward also earned an additional $2,000 for winning the pitch competition in the undergraduate division. Owlpal also won first place in the Oklahoma competition in April. Claire Cornell was the team’s faculty advisor.

EARNINGS

EDUCATIONAL DEVELOPMENT CORP.

Educational Development Corp. on Wednesday reported net earnings of $357,600, or 9 cents a share, for fiscal year 2014. That is down from $802,900, or 20 cents a share, for last year, despite a $600,000 increase in net revenue. Earnings dipped because of additional reserves to recognize potential losses and nonperforming assets, but the children’s book seller said it continues to operate with minimal debt. The company will pay a cash dividend of 8 cents per share on June 20.

From Staff Reports


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