Ibooks.com Moves Corporate Headquarters; e-Publishing Start-up to Occupy Over 20,000 Square Feet

ibooks.com Moves Corporate Headquarters; e-Publishing Start-up to Occupy Over 20,000 Square Feet

Business Editors, High-Tech Writers

AUSTIN, Texas–(BUSINESS WIRE)–April 28, 2000

ibooks.com, Inc. (www.ibooks.com), the leading e-publishing company for online reference books, today announced that the company has moved its headquarters to a new building in Austin, Texas, to accommodate the company’s high growth. The new space allows for significant expansion in all departments of the company, and was designed from the ground up to ibooks.com’s precise specifications.

“ibooks.com is growing rapidly as the leading e-publisher of online reference books and we required a building that will continue to grow with us,” said Jerry Weissberg, CEO of ibooks.com. “We had the space specifically tailored to our needs – from content conversion to customer support, every area has been precisely designed to fit each ibooks.com department to maximize productivity and create a good working environment.”

The building currently accommodates 85 ibooks.com employees in 16,261 square feet. A second phase of construction, scheduled to be completed May 12, will bring the total square footage to over 21,000 square feet. Since its founding in April 1999, ibooks.com has grown from 25 employees to over 85. With the ability to house up to 167 employees, this space will allow ibooks.com to continue expanding at the hyper growth rate necessary to guarantee leadership in the e-publishing industry.

About ibooks.com, Inc.

Founded in April 1999, ibooks.com Inc., is the leading e-publishing company for online reference books and offers the first integrated service for immediately previewing, purchasing and using digital reference books from industry leading publishers and technology companies. The service, available at www.ibooks.com, is the first service to allow users to preview digital books prior to purchase, buy online digital reference books one-at-a-time and store digital books on a personal digital bookshelf. The company is privately held with $34 million in funding from Austin Ventures, Dell Computer Corporation and TL Ventures among other venture capital firms and private investors. ibooks.com is headquartered in Austin, Texas and employs over 80 people. For more information, call 512-478-2700 or visit the company’s Web site at www.ibooks.com.

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