Peoples Educational Holdings, Inc. Announces Pricing of Public Offering

Peoples Educational Holdings, Inc. Announces Pricing of Public
Offering 


SADDLE BROOK, N.J., May 27  /PRNewswire-FirstCall/ -- Peoples Educational
Holdings, Inc. (OTC:PEDH.OB) (BULLETIN BOARD: PEDH.OB)  announced that its
registration statement for the sale of 500,000 shares of Common Stock was
declared effective today by the Securities and Exchange Commission. The Common
Stock was priced at $6.30 per share. All of the shares are being sold by the
Company. The Company has granted the underwriter, Feltl and Company, an option
to purchase up to an additional 75,000 shares to cover over-allotments, if any.
The Company's common stock is currently quoted on the OTC Bulletin Board under
the symbol "PEDH.OB," and will be quoted on the Nasdaq SmallCap Market under
the symbol "PEDH" commencing June 1, 2005.

The offering is being underwritten by Feltl and Company. The Company intends to
use the net proceeds to fund development of proprietary products, marketing and
general corporate purposes.

A registration statement relating to these securities was declared effective by
the Securities and Exchange Commission on May, 27, 2005. This press release
shall not constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or jurisdiction.

The common stock offering may be made only by means of a prospectus, copies of
which may be obtained by contacting Feltl and Company at 225 South Sixth
Street, Suite 4200, Minneapolis, Minnesota 55402.

Peoples Educational Holdings, Inc. is a publisher and marketer of print and
electronic supplementary educational materials for the K-12 school market.

   Contact:  Michael DeMarco
             Chief Financial Officer
             [phone]


DATASOURCE: Peoples Educational Holdings, Inc.



CONTACT:  Michael DeMarco, Chief Financial Officer, Peoples Educational

Holdings, Inc., [phone]



Web site:  http://www.peoplespublishing.com/ 

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