School Specialty, Inc. (SCOO: OTCQB) | CORRECTION — School Specialty Announces Fiscal 2015 First Quarter Results and Reaffirms Fiscal 2015 Full Year Guidance

OTC

GREENVILLE, Wis., Sept. 5, 2014 (GLOBE NEWSWIRE) — School Specialty has re-issued its Fiscal 2015 First Quarter Results announcement as there was a change in the Condensed Consolidated Balance Sheet. Accounts receivable, less allowance for doubtful accounts of $984 and $926, respectively, for the period ended July 26, 2014 was changed from $136,338 to $135,842. Additionally, deferred revenue for the period ended July 26, 2014 was changed from $3,423 to $2,927. As a result, corresponding changes were made to total current assets, total assets, total current liabilities and total liabilities. These changes are now reflected in the revised Condensed Consolidated Balance Sheet and reported as such in the Company’s Form 10-Q, filed with the Securities and Exchange Commission on September 4, 2014.

CONTACT: Company Contact
         Kevin Baehler
         Kevin.baehler@SchoolSpecialty.com
         Tel: 920-882-5882
         
         Company Contact
         Glenn Wiener
         IR@SchoolSpecialty.com
         Tel: 212-786-6011


School Specialty, Inc.

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