Barnes & Noble assumes operations of software departments.NEW YORK--(BUSINESS WIRE)--July 29, 1996--Barnes & Noble, Inc. (NYSE NYSE See: New York Stock Exchange :BKS BKS Barracks BKS Best Kept Secret (gaming) BKS Bildung, Kultur Und Sport (German) BKS Brookside (city) BKS Bergen Kirurgiske Sykehus (Bergen, Norway) ), the nation's largest bookseller, today announced that it had agreed with Neostar Retail Group, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :NEOS NEOS North of England Orchid Society NEOS New England Over Shoes NEOS NASFM Equipment Owners' Service NEOS Navy Enlisted Occupational Standards (US Navy) ) to cancel the agreement under which Neostar has been operating software departments within Barnes & Noble book superstores. As a result, Barnes & Noble is purchasing the inventory of 136 departments and is taking over operations. Under a new agreement, Neostar will act as a supplier of software products to Barnes & Noble's stores. Barnes & Noble intends to continue to maintain a strong presence in the software business, especially in the areas of reference books on CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). , interactive educational software and children's software, which products are seen as essential components of the company's offerings. CONTACT: Barnes & Noble, Inc. Media: Lisa Herling, 212/633-3339 Investor: Jennifer Wolfertz, 212/633-3389 |
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