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Nelson Bibles Releases Innovative New Product for Tablet PC Users
NASHVILLE, Tenn. --(Business Wire)-- Nov. 3, 2004 -- In 2003 Nelson Bibles established itself as a cutting edge Bible publisher with the release of their BibleZine(TM) line of Bibles. Breaking new ground again, Thomas Nelson, Inc. (NYSE:TNM) announced today that its Bible division is in the process of developing the first ever New King James Version Bible (NKJV) created specifically for the emerging Tablet PC market.
You might ask - what is the Tablet PC? The Tablet PC is the newest generation of mobile computers. It provides many of the same features of a laptop computer with additional user-friendly features such as a flip-top screen that allows handwritten entries and speech recognition. These enhancements increase both the flexibility and the usage of computers; blending the flexibility of a PDA with the power of a laptop computer.
With over 300,000 Tablet PCs in the marketplace, the Tablet PC market is still a small fraction of the PDA industry. Yet with the market projecting 150% growth by the end of 2005, clearly there is a growing market for Tablet PC software.
"The Tablet PC market is poised for exponential growth, and we are excited to be the first major publisher in the marketplace to offer Bible software for Tablet PC users," says Michael S. Hyatt, President and Chief Operational Officer of Thomas Nelson, Inc. "Our software will allow users to interact with the Bible in much the same way that they interact with their leather bound version at home - taking notes in the margins, underlying key words and passages - while at the same time offering a comprehensive interactive experience with quick referencing, indexing and search capabilities."
Working in conjunction with Zoe Technologies, Nelson Bibles is pioneering the market by producing a New King James Version of the Bible for the Tablet PC available for download on TabletBible.com. In addition to being promoted on TabletBible.com, the NKJV Tablet PC Bible will be cross-promoted on tabletpcpost.com and tabletpcbuzz.com, the premier user site for Tablet PC users and will also be promoted through grassroots efforts on the internet.
Zoe Technologies, Inc. provides custom software and web development for customers such as Focus on the Family, The National Junior College Athletic Association (www.njcaa.org), Rep. Dave Schultheis, MAP International (www.map.org), and Carrio Cabling Corporation. More information is available at www.zoeinc.com.
This news release includes certain forward-looking statements (all statements other than those made solely with respect to historical fact) and the actual results may differ materially from those contained in the forward-looking statements due to known and unknown risks and uncertainties. Any one or more of several risks and uncertainties could account for differences between the forward-looking statements that are made today and the actual results, including with respect to our sales, profits, liquidity and capital position. These factors include, but are not limited to: risks relating to our ability to satisfy regulatory requirements with respect to our internal control over financial reporting under Section 404 of the Sarbanes-Oxley Act of 2002, which requires us to perform an evaluation of our internal control over financial reporting and have our auditor attest to such evaluation; softness in the general retail environment or in the markets for our products; the timing and acceptance of products being introduced to the market; the level of product returns experienced; the level of margins achievable in the marketplace; the collectibility of accounts receivable; the recoupment of royalty advances; the effects of acquisitions or dispositions, the financial condition of our customers and suppliers; the realization of inventory values at carrying amounts; our access to capital; the outcome of any future Internal Revenue Service audits; and the realization of income tax and intangible assets. These conditions cannot be predicted reliably and the Company may adjust its strategy in light of changed conditions or new information. Thomas Nelson disclaims any obligation to update forward-looking statements.
Thomas Nelson, Inc. is a leading publisher and distributor of products emphasizing Christian, inspirational and family value themes and believes it is the largest publisher of Bibles and inspirational products. For more information, visit our website www.thomasnelson.com.
Thomas Nelson's Common stock and Class B Common stock are listed on the New York Stock Exchange (TNM-NYSE).
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