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BUSINESS
June 20, 1996
National Education Corp.'s Steck-Vaughn Publishing unit will record a second-quarter write-down of $4.1 million resulting from an acquisition, and expects results to be depressed further by delays in the shipment of orders. The shipping delays, which have been caused by a new computerized warehouse management system, could create a "significant" backlog of $4 million to $6 million, said Roy Mayers, president and chief executive officer of Steck-Vaughn.
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BUSINESS
June 20, 1996
National Education Corp.'s Steck-Vaughn Publishing unit will record a second-quarter write-down of $4.1 million resulting from an acquisition, and expects results to be depressed further by delays in the shipment of orders. The shipping delays, which have been caused by a new computerized warehouse management system, could create a "significant" backlog of $4 million to $6 million, said Roy Mayers, president and chief executive officer of Steck-Vaughn.
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BUSINESS
September 27, 1990
National Education Corp. said Wednesday that its Steck-Vaughn subsidiary was chosen as the exclusive distributor of official practice tests for the GED or high school equivalency exam. The Austin, Tex.-based subsidiary will publish and sell the tests for the American Council on Education until Aug. 31, 1993. Terms of the agreement were not disclosed. NEC is an Irvine-based educational products and training company.
BUSINESS
September 27, 1990
National Education Corp. said Wednesday that its Steck-Vaughn subsidiary was chosen as the exclusive distributor of official practice tests for the GED or high school equivalency exam. The Austin, Tex.-based subsidiary will publish and sell the tests for the American Council on Education until Aug. 31, 1993. Terms of the agreement were not disclosed. NEC is an Irvine-based educational products and training company.
BUSINESS
December 31, 1991 | CRISTINA LEE, TIMES STAFF WRITER
In a sign of improving financial health, National Education Corp. said Monday that it paid off $21.6 million in bank loans about 18 months ahead of schedule. The nation's largest vocational and industrial training and education company, which has been reorganizing for more than a year, is benefiting from a surge in fourth-quarter enrollments and cost-cutting measures, said Jerry Cwiertnia,president and chief executive. Thishas improved the company's cash flow, he said.
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