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Taylor & Francis Chooses Versaware's Technology and Services for Publishing Breakthrough.

Business Editors

NEW YORK--(BUSINESS WIRE)--July 13, 2000

Versaware to Convert Taylor & Francis Group's Entire Backlist of 17,000 Books to All Popular Digital Formats, Including Print-On-Demand

Digital Warehouse Enables Publisher to Manage their Own Content

Versaware Inc. (http://www.versaware.com), the world leader in Internet and electronic publishing, today announced an agreement with Taylor & Francis Group (LSC: TFG http://www.tandf.co.uk), a leading international academic book publisher, to convert the publisher's complete print backlist of 17,000 titles, including selected out-of-print titles, to eBook form.

This initiative marks the first time a major publisher has committed to digitize a list of this magnitude and make it available to a global audience, around the clock, in all digital formats.

Using its own in-house technology and production resources in Israel & India, Versaware is the only company that can carry out an operation of this magnitude and execute the complete end-to-end process, beginning with the accurate high-volume digitization of the books, through the technologies for secure deliveries online and offline in all popular eBook formats.

In choosing Versaware, Taylor & Francis is now in a position to capitalize on all present and future eBook and other ePublishing opportunities.

In the first phase, Versaware will convert Taylor & Francis Group's books to all popular digital formats, including Microsoft Reader, Rocket eBook, SoftBook, Glassbook, Versabook, PDF, HTML. All of Taylor and Francis' list will be available to all Internet e-retailers with the forthcoming "Taylor & Francis Digital Warehouse," powered by Versaware.

The Digital Warehouse will provide real-time sales and fulfillment of all the Taylor and Francis titles in multiple formats, allowing the e-retailer to facilitate the sale, while the electronic fulfillment moves directly from the Digital Warehouse.

CEO of Versaware, Harry Fox, commented on the partnership, "A bold move, one which will define the future of publishing... Our partnership with Taylor & Francis is paving the way for individuals to choose how they wish to receive information. Establishing Versaware as the proven leader in our field, we estimate that this initiative will generate at least 10 million dollars in revenues to our company. We look forward to building a long-lasting relationship with Taylor & Francis."

Anthony Selvey, CEO of Taylor & Francis said, " We realize that our audience needs our academic materials available in various formats. With Versaware's proven technology and significant resources, we knew they were the best company to enable us to offer our customers exactly what they need."

About Versaware Inc.

Versaware Inc. (www.versaware.com), a world leader in Internet and electronic publishing, has fueled the exploding world-wide demand for "intelligent," feature-rich content with its proprietary enabling technology and platform-neutral distribution channels. Versaware technology enables readers to create and organize personalized electronic libraries with recurring updates and sophisticated search and cross-reference capabilities.

Some of Versaware's key clients include McGraw-Hill (NYSE: MHP), Pearson, Lycos (Nasdaq: LCOS), ZDNet (NYSE: ZDZ), Freeserve (London:FRE.L), Looksmart (Nasdaq: LOOK), XOOM.com (Nasdaq: NBCI) and Simon & Schuster Interactive among others. Headquartered in New York City, Versaware has sales and marketing offices in Silicon Valley, research and development facilities in Jerusalem, Israel and production facilities in Pune, India.

About Taylor & Francis

Taylor & Francis whose imprints include Routledge, Psychology Press, Garland, Spon Press and RoutledgeFalmer, is a leading international Group of companies, with offices in England, America, Scandinavia, Singapore and India, publishing specialist scientific, academic and professional journals and books. The Group's publications supply the undergraduate, post-graduate, academic and industrial research and professional markets. Publications cover a range of subjects including: humanities, social sciences, business and management, construction & engineering, education, medicine & healthcare, psychology and physical sciences
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Publication:Business Wire
Geographic Code:1USA
Date:Jul 13, 2000
Words:597
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