Form 3 Joint Filer Information





Name: Adam Smith Companies, LLC



Address: c/o Cherry Tree Investments, Inc.

  301 Carlson Parkway, Suite 103

  Minnetonka, MN 55305



Designated Filer: Adam Smith Growth Partners, LP



Issuer & Ticker Symbol: Peoples Educational Holdings, Inc. (PEDH)



Date of Event Requiring Statement: November 20, 2009





Signature: /s/ Adam Smith Companies, LLC



  Its General Partner



  By Tony J. Christianson



  Its Chairman



Date: November 24, 2009