This news from Google may effect EMTK.
Stock Communications Group Inc.: Google makes their story more interesting--Google Print
Houston, TX, Oct 07, 2004 (M2 PRESSWIRE via COMTEX) -- This is the week of the Frankfurt Book Fair, the publishing industry's biggest annual event. One highlight of the event is the unveiling of Pope John Paul's new book entitled "Memory and Identity." Even though the Pope's last mass circulation book, "Crossing the Threshold of Hope," sold 20 million copies, it's not the biggest news of the week.
It's not often that Pope John Paul is upstaged, even at a book fair, but Google Inc. (GOOG) introduced a new search technology, on Wednesday, to help publishers sell books online. The plan is for Google users to click the "Buy this Book" option, which will link directly to a bookstore. This move is thought to put Google in competition with Amazon.com (AMZN) and Barnes & Noble.com (BNBN).
Google founders Sergey Brin and Larry Page will host a press conference today to demonstrate the technology at the Frankfurt Book Fair and showcase the diversity its business model.
In other publishing news, Michelex Corporation (MHXC) has announced that its Board of Directors has declared a 3-for-1 stock split in the form of a common stock dividend to shareholders of record, subject to shareholder approval.
Michelex recently announced that it has signed a letter of intent to acquire Media Books LLC, a publisher of popular priced audio books.
Media Books popular priced audio books pricing strategy works well with the outlets that sell their audio books. Media Books distributes via mass market retail chain stores and wholesale clubs including, Wal-Mart, Barnes and Noble, Sam's Wholesale Club, CVS Drug Stores , Books-A-Million, and Hastings. The company licenses popular authors and books that were on the best sellers list at one time and sells them at a discount.
The Association of American Publishers' 2003 sales report indicated "Juvenile, Religion, Audio, and E-Books Drive Growth as Other Sectors Falter." AAP reported audio book sales, for 2003, increased by 13 percent.
Michelex is comprised of three divisions; Michelex Plastics, Michelex Media products and Michele Audio. The acquisition will become part of the Michele Audio division, which has handled the recording of the CD's and tapes, plus the packaging and the shipping of this type of product.
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