Seybold Boston, MA: April 9, 2001. OverDrive, Inc. announced today the opening of Content Reserve, a wholesale digital book service for secure distribution of eBooks and Print-on-Demand files. Except for the wholesale cost of product and DRM fees for goods sold, Content Reserve's services for managing a publisher's digital inventory and for retailers building an online eBook catalog are free of charge to members. In association with Content Reserve's opening, OverDrive has published "The eBook Industry Survival Guide" which is available for free in eBook format at www.contentreserve.com.
"Within minutes of logging into Content Reserve a member publisher can upload its eBook and POD titles into a reserve account, set pricing, select DRM terms, and upload marketing information to help retailers merchandise the title. The eBook is then immediately available for member retailers to sell worldwide," stated Pamela Turner, Content Reserve Director. "There is no cost for a Publisher to open its reserve account and there is no charge for member retailers to build their eBookstores from the Content Reserve database of books," according to Ms. Turner.
"OverDrive is playing a crucial role in helping iPublish.com make its eBooks available through the broadest channels of distribution and in the broadest range of formats," said Laurence J. Kirshbaum, Chairman/CEO of Time Warner Trade Publishing. "We're pleased to be working with a company like OverDrive that shares our commitment to introducing more and more readers to the pleasure and convenience of eBooks."
"Content Reserve was developed so a single copy of each eBook title can be used for secure fulfillment for retailer sales all over the world," stated Steve Potash, OverDrive CEO. "Content Reserve manages all the pricing and marketing information and immediately alerts all member retailers to changes made by the Publisher," he added.
OverDrive Content Reserve licenses technology platforms from Microsoft Corporation (NASDAQ:MSFT) including Windows 2000 Advanced Server operating system, Microsoft SQL Server, and Microsoft Digital Asset Server. "The evolution of OverDrive's products and services mark real progress in the eBook arena," said Steve Stone, general manager of Microsoft's eBooks group. "Content Reserve, which is enabled by Microsoft Digital Asset Server, is a wonderful example of a service that meets the changing needs of the eMedia industry. We expect Content Reserve to take full advantage of our newly announced Digital Asset Server Wholesale, resulting in a compelling new 'B2B' offering that will benefit the entire industry."
"We believe booksellers should control all aspects of the sale and interaction with customer," stated Potash. "For the retailer, Content Reserve operates as a silent partner providing management of digital product and discreet application of the Digital Rights Management tools. We have a large selection of eBooks in Microsoft Reader format and are adding other eBook and POD formats as requested by our member retailers", Potash added.
Content Reserve was engineered using application development strategies promoted by Microsoft Corporation Chairman Bill Gates. These include OverDrive's .NET deployment of all database and Digital Rights Management applications for both the publishing and bookselling community, according to Potash.
Content Reserve network members include Prentice Hall Business, Thomas Nelson, BarnesandNoble.com, Edizioni Piemme, RosettaBooks, efollett.com, PreviewPort.com, epocket.fr, W. W. Norton, Purdue University Press, ipicturebooks, Hunter Travel, PocketPCpress, Vivendi Universal Publishing, Denlinger's Publishers, Ltd., McGraw-Hill Professional, iPublish, K. F. Media, BookSite.com, Warner Books, WarrenAdler.com, pocketmanager.com, Cambridge University Press, Powells.com, eReads, Princeton University Press, plus many others.
OverDrive (www.overdrive.com) is a worldwide leader in Open eBook (OEB), .LIT, XML, and PDF and Print on Demand (POD) conversion and services for the ePublishing industry. Its products for eBook authoring include its free online service at www.ebookexpress.com, and ReaderWorks for commercial eBook authoring and "on-the-fly" eBook authoring from Web sites. The Company provides secure eBookstore hosting and digital rights management as part of its MIDAS Technology. Headquartered in Cleveland, OverDrive has successfully developed and delivered thousands of commercial titles for leading trade, reference, education and business publishers. OverDrive proudly partners With: Microsoft Corporation (Worldwide), BookZone, Inc. (USA), Autotext (Europe).