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Press Release

Rich Rosy to Lead NetLibrary Division of OCLC

DUBLIN, Ohio, April 19, 2002 — Rich Rosy has been chosen to lead the NetLibrary Division of OCLC. Mr. Rosy succeeds Rob Kaufman, who is leaving to pursue other interests. Jay Jordan, President and CEO, OCLC Online Computer Library Center, announced Mr. Rosy's appointment as OCLC corporate Vice President today.

Based in Boulder, Colorado, NetLibrary is a leading provider of e-books. OCLC purchased the assets of NetLibrary and created the NetLibrary division of OCLC in January 2002. Mr. Rosy will manage NetLibrary at its offices in Boulder and will report to Mr. Jordan. "Rob Kaufman has made enormous contributions to NetLibrary and the development of e-books," said Mr. Jordan. "We are grateful to him for guiding NetLibrary through a challenging period. We wish him well in his future endeavors."

Mr. Kaufman joined NetLibrary in February 1999 and was President and CEO of NetLibrary from March 2000 through its subsequent acquisition by OCLC in January 2002. "Rich Rosy has worked hard to strengthen NetLibrary's relationships with libraries, publishers, OCLC-affiliated regional networks and other distributors," said Mr. Jordan. "He is well suited to lead NetLibrary as it enters an important new stage of its development."

"I'm excited about this opportunity and look forward to helping take NetLibrary to the next level," said Mr. Rosy. "We have been through a lot and are looking forward to our next stage of development."

Mr. Rosy most recently was Executive Vice President, Sales and Publishing. Before joining NetLibrary in 1999, he was President of the Consumer Division of Centrobe, Inc., an EDS company.

In the new organizational structure, Herb Hilderley, Senior Vice President, MetaText Division, will report to Mr. Jordan. MetaText creates, hosts and manages web-based digital textbooks for publishers.

About NetLibrary

Founded in 1998, NetLibrary is the leading provider of eBooks for the institutional library market. NetLibrary develops, hosts, maintains and preserves eBook collections for academic, corporate, public, and school libraries. Thousands of libraries throughout the United States and internationally are currently providing NetLibrary eBooks to their patrons.

About MetaText

The MetaText Division of NetLibrary creates, hosts and manages web-based digital textbooks for leading textbook publishers. MetaText digital textbooks provide instructors and students with a full range of interactive teaching, collaborating and learning tools.

 







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