AlexLit.com Buys Mind's Eye Fiction; Buy Out Marks First Consolidation in Digital Literature Publishing.SEATTLE--(BUSINESS WIRE)--Nov. 9, 1999-- In the first industry consolidation, Seattle-based Alexandria Digital Literature (AlexLit.com) announced today purchase of Texas competitor, Mind's Eye mind's eye n. 1. The inherent mental ability to imagine or remember scenes. 2. The imagination. mind's eye Noun in one's mind's eye in one's imagination Fiction. The buyout Buyout The purchase of a company or a controlling interest of a corporation's shares. Notes: A leveraged buyout is accomplished with borrowed money or by issuing more stock. , for an undisclosed amount, adds titles and authors to AlexLit.com's growing web site catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. of contemporary fiction. Alexlit.com, already the largest electronic publisher and retailer on the Internet with exclusive works, also gains access to three million site visitors annually. "This purchase allows us to offer customers at both sites an expanded selection of high quality authors, titles and genre choices," said AlexLit.com CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Dave Howell. Both web sites offer short stories and novels, many of which are literary award winners. Many of the titles are under exclusive contract and cannot be purchased anywhere else. Howell said the acquisition accelerates AlexLit.com's goal of increasing contemporary popular fiction genres offered via its web site, www.alexlit.com. "AlexLit.com customers now have easy access to mystery, romance and western titles, in addition to our current catalog of fantasy, science fiction and horror," said Howell. Customers can also purchase AlexLit.com stories for e-book readers. The company has contracts to provide content for Rocket eBook One of the first electronic books. Introduced in 1998 by NuvoMedia Inc., Palo Alto, CA, it weighed in at 22 ounces and held the equivalent of approximately 10 novels. Like a conventional book, the Rocket let you annotate in the margin, underline passages and set bookmarks. , produced by Nuvo Media, Inc. and sold through Staples staples U-shaped stainless steel or vitallium units with sharp points used for surgical fixation. epiphyseal staples used to staple epiphysis to metaphysis; have metal bracing at the corners. and most recently Costco. It also provides content for SoftBook Press, Inc.'s SoftBook Reader, Palm Pilots and WinCE machines. Howell said there are no immediate plans to change Mind's Eye Fiction's site, www.tale.com. "They use a different business model, and have been very successful in building site recognition and site visitors," he said. "We want to expand on their success, and integrate it with our own. Our goal is to gain significant market share in the $80 billion + worldwide book publishing book publishing. The term publishing means, in the broadest sense, making something publicly known. Usually it refers to the issuing of printed materials, such as books, magazines, periodicals, and the like. market." AlexLit.com is "changing the way we buy and read literature," Howell noted. "We have a powerful, user-friendly catalog system designed for easy selection and buying decisions. Customers can shop anytime for instant online buying and reading pleasure." He added AlexLit.com also offers lifetime download rights for each purchase. The company's proprietary technology allows customers to easily download to desktop, laptop Same as laptop computer. laptop - portable computer , e-book reader or handheld devices in most native formats. AlexLit.com leads the digital literature publishing industry for Internet-based downloadable novels, short stories and anthologies. |
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