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Prince Frederick, MD, September 30, 2009 - Recorded Books, the world’s premier
publisher of unabridged audiobooks and a Haights Cross Communications company,
announced that it has launched a product line of third-party video games and
equipment for sale to public libraries. The latest new releases of top-selling games
will be available for the most popular gaming consoles, including the Wii, Xbox
360, PS3, and hand-held devices. Among the most recent releases are: Wii Sports
Resort, Beatles Rock Band, Madden NFL 10, Guitar Hero 5, Star Wars – Clones,
and Need for Speed Shift.
“Recorded Books has been fulfilling the interests and needs of public libraries for
over 30 years. Since the American Library Association announced its gaming
literacy initiative and Verizon Foundation grant program, video games have reached
a new level of awareness in public libraries,” said Jim Schmidt, Vice President of
Recorded Books Games. “Recorded Books has partnered with leading distributors
of video games and equipment to provide public libraries with competitively priced
games and equipment. Public library customers will enjoy Recorded Books’ easy
ordering, fast delivery, marketing support and excellent service. This is one of
Recorded Books’ most exciting new growth initiatives.”
Recorded Books said that its strategic decision to offer gaming solutions to public
libraries is in response to the fast-growing involvement of libraries in electronic
games. A recent survey of 400 public libraries by the American Library Association
shows that seven out of 10 public libraries support gaming in some way, with larger
libraries more likely to offer collections and programs. Over 75% of public libraries
support gaming at the library, allowing computer or board gaming, circulating
games, or offering gaming events and programs.
For copies of Recorded Books’ monthly gaming newsletter and more information
about gaming solutions from Recorded Books, please call 1-877-732-2898 or
contact a local Recorded Books sales representative.
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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