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booktech.com Grabs Key Position in Distance Education Market

Press release from the issuing company

Woburn, MA--February 11, 2001--Officers of booktech.com, a first mover in digital and on-demand publishing for education and training, report that they are elated at the Company's success in the burgeoning market for customized educational materials to support distance education programs, expected to have 2.2 million students by next year. In the last eight months, booktech.com has inked contracts to provide customized materials for several major institutions that offer online academic programs. Building on the Company's historical base as a supplier of classroom textbooks and coursepackets on over 500 campuses, recently signed distance education clients include University of Maryland University College, Jones International University, and University of Texas TeleCampus. "We are confident of having the inside post in this new market," says booktech.com CEO Dr. Morris Shepard. "It has been a natural step for our Company to go from publishing printed textbooks to using the same materials to create digital files that students can read on a computer screen or print out." "booktech.com has bet the farm and invested $4 million to enable educators to create and deliver customized textbooks online," Shepard declares. Adds Dr. Joe Short, a former college professor and president and now Chief Education Officer of booktech.com, "My assignment to develop the distance education market for the Company is made much easier by our capacity to deliver in printed, CD or electronic download formats. Unquestionably, however, it is electronic delivery that is attracting the keen interest of the distance education leaders."

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