FOR IMMEDIATE RELEASE

Lawsuits dismissed, issues resolved between Recorded Books and NetLibrary

DUBLIN, Ohio, November 29, 2007-Lawsuits have been dismissed and issues
surrounding distribution of eAudiobooks have been resolved, according to
Recorded Books and NetLibrary, the parties involved.

Recorded Books filed a lawsuit in May alleging breach of a licensing and
distribution agreement with NetLibrary, and NetLibrary filed a
countersuit.  Both lawsuits have been dismissed and the dispute has been
resolved to the satisfaction of both parties.

NetLibrary will continue to market Recorded Books eAudiobooks at least
through August 2008 and they will service contracts at least through
August 2009.  Recorded Books, meanwhile, may introduce new services,
with or without additional partners.

Details of the agreement will not be made public, but the result of the
settlement is good news for libraries.

"The goal of both NetLibrary and Recorded Books was to resolve this
issue without impacting libraries using these eContent services, and
that goal has been achieved," said Chip Nilges, Vice President, OCLC
Business Development.  "Libraries can be confident that they will be
able to continue to offer high-quality downloadable eAudiobooks to their
patrons into the future."

"We are pleased to have this dispute behind us and look forward to
servicing the market," said Brian Downing, VP and Publisher of Recorded
Books, LLC.


About Recorded Books

Recorded Books, a Haights Cross Communications company, produces and
distributes unabridged audiobooks and other audio products to public and
university libraries and schools, in cassette, CD, and downloadable
formats.  Over 7,000 titles are available for adults, children, and
young adults in English and Spanish languages narrated by professional,
award-winning actors. Recorded Books also distributes music, educational
lectures, independent films, and nonfiction films on DVD. Packaging is
designed for high circulation. One-year warranty, cataloging,
processing, and free marc records are available.  For more information,
visit www.recordedbooks.com <http://www.recordedbooks.com/> .

About OCLC

Founded in 1967 and headquartered in Dublin, Ohio, OCLC is a nonprofit
library service and research organization that has provided
computer-based cataloging, reference, resource sharing, eContent,
preservation, library management and Web services to 60,000 libraries in
112 countries and territories.  OCLC and its member libraries worldwide
have created and maintain WorldCat, the world's richest online resource
for finding library materials.  For more information, visit
www.oclc.org.

 

OCLC NetLibrary provides content and technical delivery solutions to
institutional libraries, corporations and government agencies that
facilitate the purchase, management and distribution of research,
reference, digital learning and general interest content via Web-based
technologies.  NetLibrary's eContent solution is the most broadly
adopted in the market, making more than 150,000 eBooks, 6,000 eJournals,
5,600 eAudiobooks, and 87 databases available through more than 15,000
libraries worldwide. For more information, visit
www.oclc.org/netlibrary/.


OCLC, NetLibrary and WorldCat are trademarks and/or service marks of
OCLC, Inc.

Third-party product, service and business names are trademarks and/or
service marks of their respective owners.

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