OCLC CLOSES ON NETLIBRARY SALE

[Ann Okerson <ann.okerson@yale.edu>]

Of possible interest.

---------- Forwarded message ----------
Date: 28 Jan 02 14:47:32 -0700
From: News netLibrary <News@netLibrary.com>
To: ann.okerson@yale.edu
Subject: OCLC CLOSES ON NETLIBRARY SALE

OCLC CLOSES ON NETLIBRARY SALE

DUBLIN, Ohio, Jan. 28, 2002 -- The sale of netLibrary assets to OCLC was
finalized at 5 p.m. Jan. 24 in Boulder, Colorado.  The sale includes both
the eBook Division, which will become a division of OCLC, and the MetaText
eTextbook Division, which will become a for-profit subsidiary.  Both
operations will remain in Boulder.

"netLibrary is an excellent strategic fit for OCLC," said Jay Jordan, OCLC
president and CEO.  "netLibrary's eBooks will provide synergies in OCLC's
core service areas of cataloging, resource sharing, reference, and digital
and preservation services, and the MetaText Division provides OCLC with
opportunities to develop services that will integrate eTextbooks with
resources of academic libraries."

"We at OCLC applaud netLibrary's pioneering efforts in providing digital
materials," Mr. Jordan added.  "The netLibrary concept has great
potential, and we look forward to working with the staff in Boulder to
grow these services."

About OCLC

Headquartered in Dublin, Ohio, OCLC Online Computer Library Center is a
nonprofit organization that provides computer-based cataloging, reference,
resource sharing and preservation services to 41,000 libraries in 82
countries and territories.  OCLC was founded in 1967 to improve access to
the world's information and reduce information costs, and conducts ongoing
research to develop technologies to support that mission.  Forest Press, a
division of OCLC since 1988, publishes the Dewey Decimal Classification
system.

In the United States, more information is available (via telephone:
+1-614-764-6000 or 1-800-848-5878; fax:  +1-614-764-6096; or e-mail:
oclc@oclc.org).  In Europe, the Middle East and Africa, contact the OCLC
Europe office, located in Birmingham, United Kingdom (phone:  +44 121 456
4656; fax:  +44 121 456 4680; or e-mail:  europe@oclc.org).  In Asia and
the Pacific region, contact the OCLC Asia Pacific office in Dublin, Ohio
(phone:  +1-614-764-6189; fax:  +1-614-764-4331; or e-mail:
asia_pacific@oclc.org).  In Canada, contact the OCLC Canada office in
Montreal, Quebec (phone:  +1-450-658-6583 or 1-888-658-6583; fax:
+1-450-658-6231; or e-mail:  canada@oclc.org).  In Latin America and the
Caribbean, contact the OCLC Latin America and the Caribbean office in
Dublin, Ohio (phone:  +1-614-761-5196; fax:  +1-614-718-1026; or e-mail:
america_latina@oclc.org). More information about OCLC and OCLC regional
service providers is available at <http://www.oclc.org/>.

About netLibrary

netLibrary <www.netLibrary.com> is the leading provider of eBooks to 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 <www.MetaText.com> 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.

Dewey, Dewey Decimal Classification, Forest Press and OCLC are registered
trademarks of OCL