Is anyone other than a major publisher making good money? If you are, please let us know with a comment.  And again, what about saying something about evidence of program efficacy? No small publisher can outmarket the big publishers - no matter how many CODiE Awards it wins. It needs to show its programs make a difference in the classroom.

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Siboney Corporation (OTC BB: SBON) announced today its results of operations for the year ended December 31, 2006.

Revenues for 2006 were $6.3 million, a 17% decrease from the $7.5 million reported in 2005. Net loss for the year ended December 31, 2006 was $1,012,772 after an income tax benefit of $654,000 compared to a net loss of $1,236,394 after an income tax benefit of $772,000 for the year ended December 31, 2005.

Bill Edwards, President of Siboney Learning Group, commented: “2006 was a difficult year for supplemental educational curriculum sales. As a result we have reduced our operating costs and refocused our sales and marketing efforts. Our flagship product, Orchard Software, was recently selected as a finalist in the SIIA CODiE Awards for Best Educational Solution as well as the AEP Golden Lamp Awards. This industry recognition reconfirms the effectiveness of Orchard’s state specific assessment, targeted instruction and data driven management capabilities.”

Press Release, March 23.