NetLibrary Launches Corporate Digital Library Initiative

BOULDER, Colo. – April 25, 2000 – NetLibrary™, a leading provider of eBooks and Internet-based content/collection management services, today announced a new initiative to market digital libraries, consisting of eBooks and other electronic information resources, to corporations.

NetLibrary is capable of providing corporations with an extensive library of digital content by employing an eBook development and distribution platform it has built during the past 20 months in the academic library market, and by drawing from a collection of more than 18,000 titles from 200 publishers.

Initial targets for NetLibrary's corporate library offering include corporations with existing physical and digital libraries, corporations with advanced training programs and corporate universities, and organizations with a strong knowledge-management orientation. NetLibrary is offering its corporate library solution to public and private companies, non-profit organizations, and government agencies.

"To be successful in today's networked information economy, corporations need access to relevant, up-to-date, published materials," said NetLibrary Executive Vice President Rich Rosy. "NetLibrary's corporate library offering will help companies install a digital library that is fully searchable and accessible from any networked computer."

NetLibrary's corporate library content includes thousands of business and technology titles. Subject area headings in the business collection include finance and banking, human resources, international business, management, sales, and eCommerce. Technology titles include computer engineering and hardware, databases, enterprise management, networking, operating systems, programming, and Web development.

Corporate library customers can work with NetLibrary and publishers to build customized digital libraries covering specialized areas of knowledge such as science and engineering, risk management, and finance. At the customer's discretion, intranet/extranet access to digital library resources can be made available to employees, clients, and suppliers.

In the future, NetLibrary plans to enhance its corporate library solution to include components such as executive information services, PDA versions of newspapers and magazines through NetLibrary's peanutpress.com handheld division, and periodicals and journals offered through NetLibrary's alliance with EBSCO Publishing. Information resources generated in-house can be combined with the digital library for seamless searching and retrieval.

About NetLibrary

NetLibrary (www.NetLibrary.com) is a leading provider of eBooks and Internet-based content/collection management services. NetLibrary has established relationships with more than 200 publishers of trade, academic, reference, and scholarly books, and has created digital versions of more than 18,000 titles. NetLibrary hosts and manages eBook collections for numerous public, academic, corporate, and special libraries. The company also sells eBooks directly to consumers at the NetLibrary website. With NetLibrary, consumers can choose between PC-based eBooks for reading online or offline, and eBooks for portable reading on a variety of handheld organizers using the Palm and Windows CE operating systems.

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

Heather Robinson
GCI Group
(415) 974-7265
hrobinson@gcigroup.com