Legible Releases Bookshelves for User Engagement and Revenue Generation

Rhea-AI Summary

Legible Inc. (CSE: READ, OTC: LEBGF) has launched a new feature called Legible Bookshelves, enabling users to create and share up to 10 personalized collections of ebooks, with each collection holding up to 100 titles. This innovative offering aims to enhance customer engagement and create new revenue streams by allowing organizations to sponsor curated bookshelves and corporate reading accounts. Legible Bookshelves will support the company's mission for global literacy and accessibility, setting it apart from traditional ebook platforms.

Positive

• Launch of Legible Bookshelves allows users to create and share personalized ebook collections.
• Potential new revenue streams through corporate sponsorships and curated content.
• Supports Legible's mission to enhance global literacy and accessibility.

Negative

• None.

Exciting new playlist-type feature allows readers and sponsor organizations to publicly share their favorite ebooks

VANCOUVER, British Columbia--(BUSINESS WIRE)-- Legible Inc. (CSE: READ) (FSE: D0T) (OTC: LEBGF) ("Legible” or the “Company”) is excited to announce the immediate release of Legible Bookshelves, a brand-new, customizable feature that allows readers to create up to 10 collections of books they can share with family, friends and colleagues.

Each Legible bookshelf can hold up to 100 ebooks and readers can personalize the details to feature themes for their collections, which can be shared publicly to anyone using a link. Legible Bookshelves are being developed to be customized by adding banners and logos, along with additional features. This new feature will create an important new revenue stream by allowing corporations and organizations to pay a fee to Legible to curate books for customer-facing brands, pay Legible for corporate reading accounts, to support accessible libraries for international organizations, and for small publishers to easily feature their catalogues in a directly accessible reading platform.

Legible Bookshelves enables Legible to unlock key corporate sponsorships, making it possible for partner organizations to promote browser-based, accessible reading to key audiences and customers. The feature will also support Legible’s partnerships dedicated to the Company’s core mission to make literacy resources easily accessible and available around the globe.

This innovative, forward-facing technology release is one of the key components of the Legible Unbound subscription service, which will offer a delightful, immersive reading experience. This feature will further differentiate Legible’s book entertainment platform from other firms that render ebooks in the traditional way.

About Legible Inc.

Legible is a book entertainment and media company that has developed an online eBook marketplace called Legible.com, with an eBook reading system capable of showcasing next-generation book content, and a world-class digital conversion publishing service for creating multimedia eBooks and born-accessible eBook content.

Founded and led by a team of technologists, authors, eBook publishers, designers, and publishing industry insiders, Legible is transforming the eBook industry. With a mission to provide delightful eBook experiences to readers around the globe through any browser-enabled device, Legible is committed to providing delightful eReading to readers that value immersive entertainment experiences through beautifully constructed and content dynamic books, provided by a company that promotes sustainability, accessibility, and global literacy.

Please visit Legible.com and discover the place where ebooks come to life.

Readers are invited to visit Legible’s continually evolving curated Staff-Picks Bookshelf: https://legible.com/ca/list/staff-picks

Forward-Looking Information

Certain statements in this press release are forward-looking statements and are prospective in nature. Forward-looking ‎statements are not based on historical facts, but rather on current expectations and projections about future events, many ‎of which, by their nature, are inherently uncertain and outside of the Company’s control and are therefore subject to risks ‎and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the ‎forward-looking statements. These statements generally can be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative ‎thereof or similar variations. These statements include forward looking statements regarding new revenue sources and growth plans for the Company. Those assumptions and factors are based on information currently available to the Company. Although management of the ‎Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as ‎anticipated, estimated or intended. Among the key factors that could cause actual results to differ materially from those ‎projected in the forward-looking information and statements are the following: changes in general economic, business, and political conditions, ‎including changes in the financial markets; changes in applicable laws; ‎and the diversion of management time. Should one or more of these risks, uncertainties or ‎other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, ‎actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, or ‎expected. There can be no assurance that such statements will prove to be accurate, as actual results and future events ‎could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-‎looking statements and forward-looking information. The forward-looking information contained in this release is made as of ‎the date hereof and the Company assumes no obligation to update or revise any forward-looking statements or forward-‎looking information that are incorporated by reference herein, whether as a result of new information, future events or ‎otherwise, except as required by applicable securities laws. The foregoing statements expressly qualify any forward-looking ‎information contained herein. All subsequent written and oral forward-looking information and statements attributable to the ‎Company or persons acting on its behalf is expressly qualified in its entirety by this notice.‎

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN UNITED STATES

View source version on businesswire.com: https://www.businesswire.com/news/home/20220414005767/en/

Legible Inc. Kaleeg Hainsworth

CEO & President



1 (672) 514-2665

invest@legible.com

Legible.com

Investors.Legible.com

Source: Legible Inc.

FAQ

What is Legible Bookshelves?

Legible Bookshelves is a new feature that allows users to create and share personalized collections of up to 100 ebooks.

How many collections can users create with Legible Bookshelves?

Users can create up to 10 collections of ebooks with Legible Bookshelves.

What are the potential revenue streams for Legible Inc. after the launch of Legible Bookshelves?

Legible Inc. aims to generate revenue through corporate sponsorships and curated bookshelves for organizations.

What is the stock symbol for Legible Inc.?

The stock symbol for Legible Inc. is LEBGF.