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E-Quill
The E-Newsletter of Wordsmith Media, Inc.
May 27, 2012
A New Market Opportunity in Publishing
Wordsmith Media, Inc. has launched WordSnips.com, a source for the burgeoning new
E-book market for works that are larger than a typical magazine article yet smaller than a traditional book; known in the industry as E-book Singles. The market penetrating products that we have lined up for this new and exciting market have already put us ahead of the big publishing houses in many ways. As we've already demonstrated, our ability to get products to the Amazon marketplace in a timely manner, even with the occasional hiccups, puts us at a strategic advantage to other well-established publishers.
As a result, we have begun the process of publishing a myriad of works, even best-selling authors that when announced, should be easily recognizable to the reading public. We are very excited about these recent developments that allow us to be timely to this emerging market. To learn more about E-book Singles and their impact in the publishing world, click here: E-book Singles.
This new division at Wordsmith Media, Inc. will ensure our ability to adapt to the many facets of the fast-evolving media and publishing market. With the addition of the previously announced academic division and our percentage acquisition of Highland Loch Press, we have strategically placed ourselves in a position to compete well into the future. The new WordSnips web site can be seen here: WordSnips.com.
WDIS Update
There are now 9 Market Makers trading WDIS. They include: Cantor Fitzgerald & Co. (CANT), Darien, CT., V-Finance Investments (VFIN), Mt. Laurel, NJ, Glendale Securities (GLEN), Sherman Oaks, CA, E-Trade Capital Markets, LLC (ETMM), Chicago, IL (a separate division of E-Trade Online Brokerage), Automatic Trading Desk Financial Services (AUTO), Mt. Pleasant, SC, Citadel Securities, LLC (CDRG), Chicago, IL, Finance 500, Inc. (FANC), Irvine, CA, Canaccord Genuity Securities (CSTI), New York, NY and the largest Market Maker, Knight Securities (NITE), Jersey City, NJ. This collection of financial institutions positioned on the stock is often seen as a good sign in securities.
Market Makers are institutions who offer a BID and ASK for securities and trade stocks on all the U.S. exchanges. These financial institutions are not to be confused with online brokers who trade stock such as E-Trade, Scottrade and Fidelity Investments, all of whom have agreed to process WDIS on the open market for online trading. WDIS market capitalization remained at $14.4 million USD for the week ending May 25, 2012. As a reminder, the stock market is closed for the Memorial Day holiday, Monday, May 28th.
