The pink series is a Montessori way to reading. The books progress from single 3 letter phonetic words to a whole story, all with phonetic or often-used words. The children can not only look at the picture and figure out the word, but also, if they know the letters phonetically, they are able to actually "read" the word.
This is a Book One, i.e the simplest of the series. The Montessori Script is required (downloadable for free from my shop), and the file should be opened with Microsoft Word. I suggest that you back the first and last page on pink card, and then bind the book.