4/09/10

Follett Launches the Only Branded, Customized Textbook Rental Website Solution for K-12 Parochial and Private Schools

Zak Stambor , Managing Editor

Available this Fall, Convenient Direct-to-Consumer Online Rental Options Reduce Schools` Operational Costs and Help Parents Keep Education Costs Down

OAK BROOK, IL, April 5, 2010 - Follett Virtual Bookstores today launched the only branded, customized textbook rental website solution for parochial and private schools in the K-12 market. Backed by the resources and expertise of Follett, the Follett Virtual Bookstores` textbook rental program will provide parents and students with a direct online source for more affordable course materials.

Offering textbook rental to the K-12 market is part of Follett`s overall mission of supporting students` academic success, bringing down the cost of course materials and delivering additional value to the schools Follett serves. Follett recently introduced textbook rental in the higher education marketplace through the 850 college bookstores it operates throughout the U.S.

To meet the unique needs of the K-12 market, and in addition to traditional new and used textbooks, Follett Virtual Bookstores offers a convenient, customized text rental website that is branded with the school`s logo and colors. With textbook rental, parents and students can expect to save, on average, 50 percent or more vs. the cost of a new textbook. Follett Virtual Bookstores maintains the website, provides marketing materials and handles all the inventory and fulfillment on behalf of the schools it serves. Each school is further supported by dedicated customer service.

Follett`s virtual bookstores are designed to provide administrators, headmasters, principals, and CFOs with easier, more flexible and powerful ways to provide books and course materials to students. In addition, these schools will benefit from Follett`s history of service and innovation, which spans more than 135 years of leadership in bookselling.

"Our virtual bookstore textbook rental program is designed to save parents and students money on the textbooks necessary to achieve academic success. It is also designed to strengthen the schools we support. That`s not just good business -- it`s good partnership, and Follett is proud to lead the way with our unique textbook rental program," said Fred Weber, Senior Vice President, Sales and Operations at Follett Higher Education Group`s Wholesale Services.

Follett Virtual Bookstores` textbook rental program is based on a proven college textbook rental model. After a successful pilot program in Fall 2009, Follett Higher Education Group announced plans to expand its college textbook rental program to its 850 college and university campus bookstores. In just one term, Follett`s pilot program saved students nearly $2 million on their course materials at seven pilot schools.

"We are committed to making textbook rental available to all segments of the education market, because doing so saves students money, contributes to academic success and adds value to schools. We are proud to announce the first of its kind textbook rental program for K-12 schools," said Thomas A. Christopher, President of Follett Higher Education Group. "With more than 135 years in the academic bookselling business, Follett is uniquely able to leverage our resources and expertise for the benefits of parents, students and schools throughout the U.S."

If you are interested in learning more about Follett Virtual Bookstore`s textbook rental program for the K-12 market, please contact George Fisher, Vice President Sales and Marketing, at 708-437-2041, via e-mail at gfisher@fvb.follett.com or visit www.follettvirtualbookstores.com.

About Follett Virtual Bookstores
Follett Virtual Bookstores, located in River Grove, Illinois, provides K-12 and higher education institutions of all kinds with easier, more flexible and powerful ways to provide books and course materials to students through its customized, branded e-commerce bookstore sites.

About Follett`s K-12 Business
Follett is the largest provider of educational materials and technology solutions to PreK-12 schools and school districts in the United States, and a major supplier to educational institutions worldwide. Follett distributes books, reference materials, digital resources, eBooks and audiovisual materials, as well as pre-owned textbooks. Follett also is one of the leading providers of integrated educational technology for the management of physical and digital assets, the tracking, storing and analyzing of academic data, and digital learning environment tools for the classroom focusing on student achievement.

About Follett Higher Education Group
Follett Higher Education Group of Oak Brook, Illinois, is the leading provider of bookstore services and the foremost supplier of used books in North America. Follett services five million students and more than 400,000 faculty members through more than 850 stores. Follett also services more than 1,600 independent campus stores with its wholesale services, and has the most visited ecommerce collegiate website, efollett.com, that provides services and products through a network of more than 900 campus stores.

About Follett
Follett Corporation is a $2.7 billion, privately-held company that provides products, services and solutions to the educational marketplace. Follett Corporation was founded in 1873, and today is headquartered in River Grove, Illinois.

Topics:

Bookselling, Education, Follett Corporation, textbook

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