ABEBOOKS.COM ACQUIRES EUROPE'S JUSTBOOKS
3rd October, 2001
(Victoria, BC) - AbeBooks.com (Advanced Book Exchange Inc.; www.abebooks.com),
the world's largest source for out-of-print and hard-to-find books,
announced today it has acquired JustBooks (JustBooks.de GmbH),
one of the major online platforms for used and antiquarian books
in Europe.
The JustBooks acquisition will allow abebooks.com
to accelerate its growth in Europe and expand its already unprecedented
book inventory and renowned customer support. Together, abebooks.com
and JustBooks will share an international membership of 10,000
book dealers and nearly 35 million books, serving customers in
English, German and French.
"Whereas other Internet companies may be struggling
to achieve profitability, abebooks.com has been profitable from
the outset," says abebooks.com CEO Brent James. "We
see this as a unique opportunity to use our solid financial position
as a basis for growth and expansion. We expect significant growth
from our new operations in Europe."
AbeBooks.com brings to the agreement a scalable
database technology and experience that will accommodate its continued
growth. In turn, abebooks.com will benefit from JustBooks' multilingual
capabilities and intimate knowledge of the European culture and
book industry.
"JustBooks is a great fit for us," says
James. "Further expansion into the international marketplace
will power our shared vision of becoming the global leader in
the out-of-print book industry."
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About AbeBooks.com
AbeBooks is the world's largest book site, listing over 35 million
books. With offices in Canada and Germany, abebooks provides independent
booksellers with business support, technological infrastructure
and international marketing, enabling booksellers of any size
to compete on an equal footing with book superstores. Through
its acquisition of Germany's JustBooks, now abebooks Europe, the
company now serves over 10,000 member booksellers worldwide via
web sites in English, German, and French. AbeBooks was launched
on the Internet in May of 1996 and offers consumers the most complete
collection of rare, used, and out-of-print books available anywhere.
Contact
Richard Davies, PR & Publicity Mgr., AbeBooks.com
Ph: 250-412-3238
rdavies@abebooks.com
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