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

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.┬áThese 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.

Article source: http://www.otcmarkets.com/stock/SCOO/news?id=87379

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