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Press Release

NetLibrary's MetaText Division to Develop and Manage Digital Textbooks from Thomson Learning

BOULDER, COLO. - December 19 2000 - MetaText, NetLibrary's digital textbook division, today announced plans to develop and manage electronic versions of college textbooks for Thomson Learning, a leading provider of products and services for teaching and learning. MetaText will host the electronic texts in a Web-based learning platform and make them available for sale to college students in the fall 2001 semester.

MetaText will convert dozens of market-leading textbooks from Thomson Learning's South-Western and Wadsworth Group companies. MetaText editions from South-Western, a leading publisher of business education textbooks, will include "Contemporary Financial Management," "Business Law and the Regulatory Environment" and "Essentials of Business Communication." MetaText editions from Wadsworth Group, a leading publisher of humanities, social sciences, and behavioral sciences texts, will include "Media Impact: An Introduction to Mass Communications," "Criminal Justice in Action," "World History," Gufaston's "College Algebra," and "Statistics, The Exploration and Analysis of Data."

MetaText's production staff will digitize the Thomson Learning textbooks and make them available in the spring of 2001 for review and adoption by instructors at colleges and universities throughout the United States. Instructors may adopt MetaText editions directly through their existing Thomson Learning sales representatives and begin using the Thomson Learning MetaText editions in the fall semester of 2001.

"We are honored to have been chosen by Thomson Learning to create and manage digital versions of their textbooks," said NetLibrary Vice President of Publisher Relations Herb Hilderley. "Thomson Learning texts in the subject areas of business, humanities, history, and the sciences are highly sought after by professors, and we look forward to offering them though our online textbook platform."

MetaText editions contain all essential components of a textbook, including words, photographs, charts, and graphics. MetaText editions organize text into conceptual units rather than arbitrary page breaks. The MetaText platform features a variety of tools to benefit both instructors and students. With MetaText, instructors can build online course syllabi, manage class rosters, annotate text, and make class announcements that are instantly viewable by students. Students using MetaText can take advantage of a host of features to search, navigate, annotate, highlight, and bookmark their online texts. Students have their own unique home pages that serve as a portal to all of their MetaText resources associated with the course, including the syllabus, text, announcements, and additional reading materials. Communication tools built into the MetaText platform facilitate instructor-student and instructor-class feedback.

"MetaText digital textbooks are an important component in Thomson Learning's vision to provide students and professors with the most valuable learning tools available," said Robert S. Christie, president and CEO of Thomson Learning. "While very few professors and students have had the opportunity to use digital textbooks thus far, I am confident that electronic learning will become an integral part of the educational experience in the new millennium."

About Thomson Learning

Thomson Learning (www.thomsonlearning.com) is among the world's leading providers of lifelong learning information. Thomson Learning serves the needs of individuals, learning institutions and corporations with products and services for both traditional and distributed learning. These products and services are sold throughout the world, through direct channels and via a worldwide network of distributors. Headquartered in Stamford, Connecticut, with multiple offices worldwide, Thomson Learning is a division of The Thomson Corporation, one of the world's leading information businesses. With an emphasis on electronic information and solutions, and 1999 revenues of more than $5.8 billion, Thomson's common shares are listed on the Toronto and London Stock Exchanges. For more information, visit www.thomson.com.

About MetaText

MetaText was founded in 1998 to help publishers, instructors, and students harness the power of the information age. MetaText creates Web-based digital textbooks that provide instructors and students with a full range of interactive learning tools. In March 2000, MetaText was acquired by NetLibrary (http://www.NetLibrary.com), the leading provider of eBooks and Internet-based content management services. For more information, go to www.MetaText.com.

Contact:
NetLibrary
Brian Bell
(303) 381-8703
bbell@NetLibrary.com

Thomson Learning
Kristen McCarthy
(651) 687-7758
kristen.mccarthy@thomsonlearning.com

 







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