Legible and Dundurn Press Partner to Develop Publisher’s First Living Books

Rhea-AI Summary

Legible Inc. (CSE: READ, OTCQB: LEBGF) has partnered with Dundurn Press Limited, a prominent independent publisher in Canada, to develop two of its bestselling titles into innovative Living Books. This partnership marks a significant step in Legible's digital transformation strategy, aiming to expand their audience and enhance reader engagement through multimedia features such as animations, audio, and video. The selected titles include Money Like You Mean It by Erica Alini and Against the Seas by Mary Soderstrom. By integrating rich media, the project seeks to generate additional revenue while forging valuable connections with the arts and entertainment sectors. Legible continues to solidify its position as a leader in digital publishing, committed to innovative reading experiences.

Positive

• Partnership with Dundurn Press enhances digital transformation strategy.
• Integration of multimedia in books could lead to increased audience engagement.
• Development of bestsellers as Living Books opens new revenue streams.

Negative

• None.

VANCOUVER, British Columbia--(BUSINESS WIRE)-- Legible Inc. (CSE: READ) (OTCQB: LEBGF) (FSE: D0T) ("Legible” or the “Company”) is proud to announce that it has partnered with Dundurn Press Limited (“Dundurn”), one of Canada’s largest and leading independent trade publishers, to develop two of Dundurn’s bestsellers as their first-ever Living Books.

Living Books evolve reading by incorporating rich media such as animations, audio, and video. Legible leads this digital publishing innovation, providing dynamic entertainment, information, and inspiration. This advancement promises additional revenue for Legible and publishers while fostering valuable partnerships with arts and entertainment sectors.

Dundurn has chosen to showcase two books that are ideally suited to have embedded video and audio: Money Like You Mean It, by Erica Alini, Globe & Mail personal finance reporter and creator of Global News’ wildly popular Money123 personal finance series, an essential roadmap for the current economy that gives a deeper understanding of the forces shaping financial struggles and how to overcome them; and Against the Seas, by respected Montreal author Mary Soderstrom, which confronts the threat of sea level rise and explores past and present measures to combat rising waters in Indonesia, Shanghai, Bangladesh, the Salish Sea, and the St. Lawrence River estuary.

“We see this partnership with Legible as an important part of our digital transformation as we seek to expand our audience for our groundbreaking authors,” said Kwame Scott Fraser, President & Publisher, Dundurn Press.

Dundurn’s books have won and been nominated for many prestigious awards, including the Scotiabank Giller Prize, Donner Prize, LAMBDA Literary Awards, Crime Writers of Canada Awards, Heritage Toronto Award, Toronto Book Award, Hamilton Literary Award, Forest of Reading Awards, and many others. Dundurn Press is a major contributor to Legible’s Metrolinx partnership, which serves eBooks to 70 million GO Transit bus and train riders annually via the GO Wifi portal.

"We're honoured to collaborate with Dundurn Press on this pioneering project," said Kaleeg Hainsworth, CEO of Legible. "As the largest Canadian-owned eBookstore, Legible is passionate about supporting Canada’s publishers, and developing these exciting publications is an opportunity to showcase the unique talents of both our organizations for the benefit of readers everywhere."

Check out other beautiful Living Books by Legible, such as Not Extinct: Keeping the Sinixt Way by Marilyn James and Taress Alexis of the Sinixt Nation, and Don’t Believe a Thought You Think by T. Harv Eker, New York Times bestselling author of Secrets of the Millionaire Mind.

About Legible Inc.

Legible Inc. is a book entertainment and media company with a mission: millions of books for billions of readers, globally. Legible provides innovative eReading experiences to anyone anywhere with an internet-enabled device. Legible has developed two high-value verticals: a browser-based, mobile-first B2C eBook entertainment platform delivering a global online bookstore and reading system for the emerging web with high-growth potential called Legible.com; and a global B2B eBook conversion and production service called Legible Publishing. Legible is transforming the digital publishing industry and gaining market share through innovative, 21st century publishing and global reading experiences, and embraces core values of sustainability, accessibility, and global literacy.

Visit Legible.com and discover the place where eBooks come to life.

Cautionary Note Regarding Forward Looking Information

This Press Release contains certain statements which constitute forward-looking statements or information (“forward-looking statements”), including statements regarding Legible’s business. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Legible's control, including the impact of general economic conditions, industry conditions, currency fluctuations, the lack of availability of qualified personnel or management, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Legible believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward- looking information. As such, readers are cautioned not to place undue reliance on the forward-looking information, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, Legible does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230411005389/en/

Legible Inc.

Deborah Harford

EVP, Global Strategic Partnerships

1 (672) 514-2665

(CSE: READ) (OTCQB: LEBGF) (FSE: D0T)

invest@legible.com

Website: https://invest.legible.com

Source: Legible Inc.

FAQ

What is Legible Inc.'s recent partnership about?

Legible Inc. has partnered with Dundurn Press to develop two bestsellers into Living Books, incorporating multimedia features.

What titles are being developed into Living Books by Legible?

The titles include Money Like You Mean It and Against the Seas.

What stock symbols represent Legible Inc.?

Legible Inc. is represented by CSE: READ, OTCQB: LEBGF, and FSE: D0T.

How does the partnership benefit Legible Inc. financially?

This partnership is expected to generate additional revenue through the innovative format of Living Books.

When was Legible's partnership with Dundurn Press announced?

The partnership was announced on April 11, 2023.