The Goodheart-Willcox Company, Inc. (OTC: GWOX) today announced that it had repurchased 111,412 shares of common stock from a single shareholder for $13,583,351.04. Prior to the transaction, which was completed on August 31, 2011, the Company had 762,000 shares issued and 662,917 shares outstanding. Following the repurchase of 16.8% of the outstanding shares, the Company continues to have 762,000 shares issued and now has 551,505 shares outstanding.

The Board of Directors of The Goodheart-Willcox Company, Inc. authorized the repurchase at a Special Meeting held August 23, 2011. The transaction was funded from the capital reserves of the Company and the Company’s balance sheets remain solid in this period of economic struggle. The Board of Directors believes that this action will enhance the value of the shares held by the other stockholders and should provide the Company additional options to grow into the future.

Goodheart-Willcox Publisher (www.g-w.com) is a premier provider of textbooks, student supplements, and instructor’s resources for specialized Career and Technical Education curriculum areas. The Company publishes, sells, and distributes comprehensive instructional materials in both printed formats and electronic formats for the curriculum fields of Automotive, CAD & Drafting, Building Trades, Communications & Visual Arts, Electricity & Electronics, Family Studies, Culinary & Nutrition, Child Care Services, Business & Marketing, and Career Education.

Goodheart Willcox (PK) (USOTC:GWOX)
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