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Haights Cross Communications Emerges from Chapter 11

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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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