Published: March 11, 2010
Haights Cross Communications Emerges from Chapter 11
WHITE PLAINS, N.Y. - (BUSINESS WIRE) - Haights Cross Communications, Inc. ("HCC" , and together with its U.S.
subsidiaries, the "Company" ) announced today that it has successfully
emerged from Chapter 11 protection approximately 60 days after filing
its prepackaged plan of reorganization (the "Plan" ) and related
petitions. As previously announced, the Plan was confirmed by the court
on February 24, 2010.
"Today marks a new beginning for the Company," said Paul J. Crecca,
HCC's Executive Vice Chairman and acting Chief Executive Officer. "In
reaching this milestone, we have reduced our debt and created a new
capital structure that will better enable us to invest in our business
and build on our industry leadership. We are excited to move forward as
a revitalized and reenergized company."
About Haights Cross Communications:
Founded in 1997 and based in White Plains, NY, Haights Cross
Communications is a premier educational and library publisher dedicated
to creating the finest books, audio books and products, software and
online services, serving the following markets: K-12 supplemental
education, public and school libraries, and consumers. Haights Cross
companies include: Triumph Learning, Buckle Down Publishing, Options
Publishing, and Recorded Books. For more information, visit www.haightscross.com.
Safe Harbor Statement:
This press release contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995,
including statements regarding the Company's plans, objectives,
expectations and intentions. Such statements include, without
limitation, statements regarding the expected benefits of the Company's
improved capital structure. Such statements are subject to a variety of
risks, uncertainties, and other factors known and unknown that could
cause actual results to differ materially from such forward-looking
statements. There can be no assurance that the Company will be able to
operate its business as anticipated. A more extensive discussion of the
risk factors that could impact these areas and the Company's overall
business and financial performance can be found in the Company's reports
previously filed with the Securities and Exchange Commission and the
Disclosure Statement. The risks included above are not exhaustive. The
Company expressly disclaims any obligation or undertaking to release
publicly any updates or revisions to any such statements to reflect any
change in the Company's expectations or any change in events, conditions
or circumstances on which any such statement is based.

Haights Cross Communications, Inc.
Investor Contact:
Paul
J. Crecca
212-209-0520
pjcrecca@haightscross.com
or
Mark
Kurtz
212-209-0580
mkurtz@haightscross.com
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