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Prince Frederick, MD—January 13, 2010—Recorded Books, the world’s largest independent producer of audiobooks and a Haights Cross Communications company, today announced that Michael Pyland has been appointed Chief Technology Officer. This is a new senior management position for Recorded Books. Pyland reports directly to Scott Williams, President of Recorded Books.
“We are delighted to welcome Mike Pyland to Recorded Books, said Scott Williams. “The audio recording industry is changing and growing quickly. Recorded Books is already a leader in delivering digital audio products. We see huge additional growth opportunities by focusing even more intently on innovative and improved methods for content delivery and customer service. Mike will play a critical role in investigating and implementing new systems that help us to better meet the needs of our customers. Mike is an accomplished technologist with an impressive record of both designing and implementing new technology solutions.”
Michael Pyland has over 25 years experience in the Information Technology industry. He joins Recorded Books from Laureate Education, Inc. where he was Vice President of Technology. He has also held senior technology positions with Intelligent Healthcare and Virgin Records. He also ran his own software consulting and design firm, Pyland Development.
“I am excited about joining the Recorded Books’ team. There are huge opportunities today for rapid innovation in delivering online content to new markets and audiences worldwide. Recorded Books can build on its already impressive brand and leadership market position in delivering high quality audio products,” Pyland said.
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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