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Prince Frederick, MD, September 17, 2009—Recorded Books, the world’s premier publisher of unabridged audiobooks and a Haights Cross Communications company, has partnered with ePrep, Inc., to launch a new library version of ePrep’s revolutionary suite of online video-based study programs. This partnership will allow libraries to offer patrons the opportunity to improve SAT, ACT, and PSAT scores without paying the excessive fees associated with private tutoring or classroom courses. With over 90 percent of college-bound students taking either the SAT or ACT each year, earning high scores has never been more important. SAT and ACT scores are not only critical in gaining admission to college, but also in qualifying for attractive merit-based scholarships.
Successfully using expert instructors, ePrep delivers a differentiated learning experience that students can access during school hours or at home. Using a proprietary video delivery platform that replicates the private tutor experience, ePrep makes test preparation easy. “We’re pleased to deliver a product to libraries that will aid students in preparing for one of the most important tests they’ll ever take,” said Jim Schmidt, Vice President of Product Development at Recorded Books.
All of ePrep’s study programs employ the proven practice-grade-review cycle of learning:
Students take practice tests under timed conditions, have them graded online, and immediately launch into video reviews. ePrep’s Study Hall tracks student progress throughout each course and guides remedial efforts, while WordSmith encourages vocabulary building. A Parent Center allows parents to track student progress non-intrusively, while ePrep’s Study Scheduler helps students stay on track. "With multiple ways to use ePrep’s software, schools can encourage students to take ownership of their test prep experience like never before," adds Schmidt.
Details on ePrep’s video test preparation service can be found at http://www.recordedbooks.com/index.cfm?fuseaction=rb.eprep or at your local library.
About ePrep
Founded by Princeton University graduates Karl Schellscheidt and Eric Barnes in 2005, ePrep has its roots in more than 20 years of teaching and professional tutoring experience. ePrep’s goal is to help students of all ability levels reach their educational potential by offering expert instruction that is engaging and convenient. Centered on the proven methodology of a test-grade-review cycle, ePrep's instructional video platform delivers personal, highly-effective, and expert instruction.
About Recorded Books:
Recorded Books, LLC, a Haights Cross Communications company, produces and distributes
unabridged audiobooks and other audio products to public and university libraries and schools on
CD, cassette and Playaway digital player. Over 9,000 titles are available for adults, children, and young adults in English and Spanish languages narrated by professional, award-winning actors. Recorded Books also distributes music, educational lectures, independent films, and nonfiction films on DVD. Packaging is designed for high circulation. One-year warranty, cataloging, processing, and free MARC records are available. For more information, visit
www.recordedbooks.com.
About Haights Cross Communications:
Founded in 1997 and based in White Plains, NY, Haights Cross Communications is a premier
educational and library publisher dedicated to creating the finest books, audio products,
periodicals, software and online services, serving the following markets: K-12 supplemental
education, public and school libraries, and consumers. Haights Cross companies include:
Triumph Learning, Buckle Down Publishing and Options Publishing, and Recorded Books. For
more information, visit www.haightscross.com. Triumph Learning is HCC’s test-preparation and
intervention business and is comprised of its Coach, Buckle Down, and Options brands.
Recorded Books is a leading publisher of unabridged audiobooks and other audio media for
libraries, schools, and consumers, with operations in the U.S., U.K. and Australia.
Safe Harbor Statement:
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding the Company’s plans, intentions and expectations. Such statements are inherently subject to a variety of risks and uncertainties that could cause actual results to differ materially from those projected. The forward-looking statements that we make in this Current Report are subject to a variety of risks, uncertainties, and other factors known and unknown that could cause
actual results to differ materially from such forward-looking statements, including, but not limited to the completion of the Company’s announced restructuring and planned operation of our business, including the outcome and impact
on our business of any resulting proceedings under Chapter 11 of the Bankruptcy Code. The Company makes no
assurance that it will be successful in consummating the proposed Plan and restructuring or any other restructuring
proposal on favorable terms if at all, which could also adversely affect the Company’s business plans and
expectations. As a result, the Company makes no assurance that the treatment of creditors outlined in this report and the term sheet included in the Support Agreement will not change significantly. A more extensive discussion of the risk factors that could impact these areas and the Company's overall business and financial performance can be found in the Company's reports filed with the Securities and Exchange Commission. The risks included above are
not exhaustive. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the Company’s expectations or any change in events,
conditions or circumstances on which any such statement is based.
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