4
million and $3.2%, to $11. This service is the result of a strategic
alliance with NetLibrary, a division of OCLC Online Computer Library
Center, Inc.7 million in property and equipment.haightscross.

wake modernists

Whitman School of
Management at Syracuse University.Y. First quarter 2005 financial information
includes the results of Buckle Down Publishing and Options Publishing,
acquired on April 15, 2004 and December 3, 2004, respectively, which
have no counterpart in the financial results for first quarter ended
March 31, 2004.7
million, or 6.2 million for the three months
ended March 31, 2005, from $8.7
million to $13.
Capital expenditures -- pre-publication costs relate to costs
incurred in the development of new products.1 million in pre-publication costs, reflecting
the inclusion of Buckle Down and Options Publishing as well as
increased investments in our other business units, compared to $2. Quandt, HCC Chairman and Chief Executive Officer, said:
"We are pleased with our overall sales performance for the quarter,
and while our continuing investments in sales and marketing have
diluted our operating profit in the period, we are confident these
investments will pay handsome dividends in future periods. We anticipate the second quarter
will continue to show a slow proforma revenue performance for the
Test-prep and Intervention segment until the release of significant
new products scheduled for the second half. To listen to the replay, please call 1 -800-475-6701 (USA) or
320-365-3844 (International) and enter the access code of 778430.

lecturers abbreviated

9%.8 million from Options Publishing and $2.2 million,
or 5. Participating in
the call will be Peter J. Huber joins Buckle Down from Riverdeep, Inc. Oakstone Wellness Publishing
introduced a "Tabletop Poster Series," 12 employee health and wellness
guides designed to sit on cafeteria or meeting-room tabletops .

lecturers ephemera

GENCO CEO and Chairman Herbert S. Shear to Receive 2005 Salzberg Medallion

(HCC) today reported results for the first
quarter ended March 31, 2005.8 million for the three months
ended March 31, 2004, reflecting continued weakness with library
wholesalers, Chelsea House's largest distribution channel.
Revenue for the Test-prep and Intervention segment increased $5.4 million from
Buckle Down Publishing, which have no counterpart for the first
quarter 2004.3 million, reflecting a
revenue increase of $2. For more
information, visit www. We will not update
these forward-looking statements , even though our situation may change
in the future.

dubliners shortened

Business Editors

PITTSBURGH-- --GENCO announced today
that chairman and CEO, Herbert S.

Publishing Writers/Business Editors

WHITE PLAINS, N. The K-12 Supplemental Education
segment is comprised of our prior Sundance /Newbridge and Chelsea House
segments.0 million, or 22.9 million
for the first quarter 2004. The quarter also
benefited from a new downloadable audiobook subscription service
released in February 2005. Chelsea House also commemorated its 20-year
relationship with Harold Bloom by publishing six Anniversary volumes
of literary criticism.

ramble hypermedia

Salzberg Medallions are awarded to outstanding practitioners ,
advocates, academicians or researchers in the field of transportation,
distribution and logistics management, and to companies for pioneering
ideas and policies that have reshaped the industry.3 million to $10.
Capital expenditures -- property and equipment relate to the
purchase of tangible fixed assets such as computers, software, and
leasehold improvements. Previously, he was Director of Operations at
Mazer Corporation's Creative Services Division, the largest US
developer of K -12 educational materials.

abbreviated modernists

6 million for the
first quarter 2004.
Revenue for the Medical Education segment increased $0. Crecca, HCC Executive Vice President and Chief Financial
Officer, added: "The first quarter was in line with our overall
expectations for revenue and EBITDA.
Crecca, HCC Executive Vice President and CFO. New covers
focusing on the Buckle Down masthead and new internal designs were
rolled out in Mississippi, South Carolina, and Florida. Options Publishing continued to see strong growth
across its product lines and state operations. Haights Cross
companies include: Sundance/Newbridge Educational Publishing
(Northborough, MA), Chelsea House Publishers (Northborough , MA),
Triumph Learning (New York, NY), Buckle Down Publishing (Iowa City,
IA), Options Publishing (Merrimack, NH), Recorded Books (Prince
Frederick, MD), and Oakstone Publishing (Birmingham, AL) .

iq ephemera

Revenue for the K-12 Supplemental Education segment increased $0. Segment revenue for the first quarter 2005
includes $3.2%, to $7.9 million, or 17. For the first quarter
2005, HCC invested $5. Buckle Down also released six
new CD based products for Florida Test Preparation in Math and Reading
content areas.

Three Months Ended
March 31,
2005 2004
---------------------------

Net Income/(Loss ) $(9,169) $(5,314)
Interest Expense and Other
Including Income Taxes 14,482 12,084
---------------------------
Income From Operations 5,313 6,770
Amortization of Pre-publication
Costs 3,704 2,594
Depreciation and Amortization 1,239 581
---------------------------
EBITDA $10,256 $9,945

Restructuring and Restructuring
Related Charges 173 517
------------ ---------------
Adjusted EBITDA $10,429 $10,462

Other Data:
Three Months Ended
March 31,
2005 2004
---------------------------

Capital Expenditures - Product
Development Costs (Pre-
publication Costs) $5,111 $2,681
Capital Expenditures - Property
and Equipment $725 $673

Selected Balance Sheet Data:
As of March 31,
2005 2004
---------------------------

Cash and Cash Equivalents $64,304 $77,747
Working Capital $84 ,207 $99,363
Long Term Debt including current
portion $499,414 $410,827

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 products, periodicals,
software and online services, serving the following markets: K-12
supplemental education, public and school library publishing, audio
books , and medical continuing education publishing.

lecturers dubliners

,
Southwest Airlines, Council on Logistics Management , Yellow
Corporation and more.2 million from $2. She held previous senior positions with
New England Typographic Services and Scholastic Education Group. Retail sales in the quarter were
driven by blockbuster titles, including: "Saturday," "Prep," "The
Rising," "Vanishing Acts," and "Extremely Loud and Incredibly Close.

Three Months Ended
March 31,
2005 2004
---------------------------------

K -12 Supplemental Education $11,403 $11,153
Test-prep and Intervention 13,622 7,917
Library 19,459 16,606
Medical Education 4,084 3,887
---------------------------------
Total Revenue $48,568 $39,563
Operating Expenses 43,255 32,793
---------------------------------
Income From Operations 5,313 6,770
Net Income/(Loss) $(9,169 ) $(5,314)
=================================

Other Financial Data:
Three Months Ended
March 31,
2005 2004
------------------------ ---------

EBITDA by Segment:
K-12 Supplemental Education $2,020 $2,456
Test-prep and Intervention 3,500 3,029
Library 5,783 4,889
Medical Education 367 541
Corporate (1,414) (970 )
---------------------------------
EBITDA $10,256 $9,945
Adjusted EBITDA $10 ,429 $10,462

"EBITDA" is defined as income before interest, taxes,
depreciation, amortization , discontinued operations and cumulative
effect of a change in accounting for goodwill. You should read this press
release completely and with the understanding that our actual results
may be materially different from what we expect.

ulysses dubliners

Prior period information has been restated for comparative
purposes. This increase included $2.
Revenue at Chelsea House decreased $0.6 million for the first quarter
2005, or 21.7 million offset by variable cost of goods sold, sales and
fulfillment expenses , as well as continued investments in sales and
marketing initiatives and increased costs for public company
compliance, including legal and accounting and costs related to HCC's
Sarbanes-Oxley compliance effort. Sundance
issued nine additional "Reading PowerWorks" theme sets, bringing the
series to 24 theme sets; published a series of professional
development videos on teaching balanced literacy related to "Reading
PowerWorks," and extended the best-selling "Twin Texts(R)" series of
paired fiction and nonfiction with 16 new titles.

ephemera scholes

6
million, or 7.1%, to $4.0 million for the full year
2005 . To participate, please
call 1-888-428-4480 (USA) or 612-332-0932 (International).
Digitized replay of the conference call will be available from May
12, 2005, starting at 7:30 PM (ET) ending on May 26, 2005 at 11:59 PM
(ET). Mississippi
saw the release of 14 new titles in Reading and Math.

scholes ulysses

Shear , is this year's recipient of
the Salzberg Medallion presented by the Martin J. Salzberg Memorial Program on April 1, 2005. Previous
winners include industry leaders from Dell Inc.0 million,
including a $0.
Excluding Buckle Down and Options Publishing from the first quarter
2005, EBITDA declined $0."
Paul J.

Haights Cross Communications Operating Unit Highlights

First Quarter 2005

K-12 Supplemental Education:

Sundance's "Reading PowerWorks(R)" has continued to gain acclaim.

Library:

Recorded Books consumer division's Unlimited Program, which offers
customers unlimited audiobook rentals for a monthly fee, grew rapidly
during the quarter, contributing to the division's strong results.

pomes iq

For more information, visit www. Test-prep and Intervention is comprised of our Triumph
Learning (including Buckle Down) and Options Publishing businesses. These
new business segments present financial information in a way that is
more reflective of the markets our businesses serve, as well as
facilitating future acquisitions of new businesses within these market
segments .4 million for the first quarter 2005 from
$11. HCC plans expenditures of
approximately $23. Also in the first quarter, Buckle Down continued
to re-brand its first to market Test Preparation materials . Released for Florida were
Reading and Math at the secondary level.com

Safe Harbor Statement: This press release contains forward-looking
statements. These risks,
uncertainties and other factors may cause our actual results,
performances or achievements to be materially different from those
expressed or implied by our forward-looking statements.

ramble shortened

Mr. Shear is a recognized entrepreneurial industry leader whose
innovations in reverse logistics have transformed returned merchandise
from a cost center to a source of revenue generation and profit for
the nation's leading retailers and manufacturers.
The Salzberg Medallion is one of the most prestigious awards in
the field of transportation and supply chain management.
We have re-organized our financial reporting into four business
segments: K-12 Supplemental Education, Test-prep and Intervention,
Library, and Medical Education.3%, to $9 . Revenue growth was experienced in all channels
including library, school, retail, and consumer, with excellent growth
reported in the core library channel driven by strong demand for
Recorded Books' traditional unabridged audiobooks."

Medical Education:

Oakstone Medical Publishing celebrated 30 years of Continuing
Medical Education publishing, having published its first program ,
Practical Reviews in Radiology, in January 1975. In light of these risks and
uncertainties, there can be no assurance that the events and
circumstances described in forward-looking statements contained in
this press release will in fact occur.

dubliners brothel

6
million for the first quarter 2004.5 million for the first quarter 2005 from $16.6 million increase in amortization of pre-publication
costs and depreciation and amortization of property and equipment.
EBITDA, defined as earnings before interest, taxes, depreciation ,
and amortization, increased by $0. Quandt, HCC Chairman and CEO, and Paul J. Oakstone Medical was
awarded accreditation by the Accreditation Council for Continuing
Medical Education (ACCME) as a provider of continuing medical
education credits for physicians. EBITDA is not a
measurement of operating performance calculated in accordance with
generally accepted accounting principles and should not be considered
a substitute for operating income, net income (loss), cash flows,
consolidated statements of operations or consolidated balance sheets
prepared in accordance with GAAP.

His works include _Chamber Music_, _Dubliners_, _A Portrait of the Artist as a Young Man_, _Finnegans Wake_, and _Pomes Penyeach_.

foremost modernists

Shear will be honored at the
54th Annual Harry E.genco.
The Library and Medical Education segments are comprised of our prior
Recorded Books and Oakstone Publishing segments, respectively .8%, from revenue of $39.3 million for the first quarter 2005 as demand
slowed for existing test-prep products in anticipation of new tests
and new test-prep products in the second half of 2005.9 million
for the first quarter 2004, reflecting strong sales of Oakstone's
medical knowledge self-assessment program (MKSAP), its largest product
line, as well as sales growth from core wellness programs and
ancillary wellness products.
Excluding Buckle Down and Options Publishing from the first quarter
2005, income from operations decreased $1. In the first
quarter, Chelsea House published its 2005 spring list comprised of 130
new titles - including new titles for the "Black Americans of
Achievement " series, "Point/Counterpoint" series, "Deadly Diseases and
Epidemics"series, "The Straight Facts " series, and the "Who Wrote
That?" series. These statements
reflect our current views with respect to future events and are based
on assumptions and subject to risks and uncertainties.

joyce modernism

GENCO is a recognized leader in supply chain management serving a
diverse range of customers throughout North America, Australia and the
United Kingdom, including many notable Fortune 500 companies and
government agencies. Buckle Down and Options Publishing are both reported
within HCC's newly designated Test -prep and Intervention business
segment.9 million for the first quarter 2004.
Peter J.

literatureclassics arguing

, Nabisco Inc.----Haights Cross
Communications, Inc.8 million of revenue from Buckle Down and Options
Publishing , respectively, both acquired after the first quarter 2004.2%,
to $19.
Income from operations for the first quarter 2005 decreased $1. Dina Goren also joined as
Vice President of Production. In addition , because EBITDA is not
defined consistently by all companies, this presentation of EBITDA may
not be comparable to similarly titled measures of other companies. We qualify all of our forward-looking statements by
these cautionary statements.

joyce modernists

6 million for the first quarter 2005 from $7. Excluding these acquisitions, segment revenue reflects
Triumph Learning product lines in both periods, which decreased $0.3 million from $6.
It was recognized as the best multimedia product at the 48th Annual
New England Book Show by Bookbuilders of Boston, a prestigious
association of editorial, design , and production professionals; and
has been selected as a finalist for the 2005 Golden Lamp Award ,
sponsored by the Association of Educational Publishers.
Buckle Down Publishing appointed Cindy Huber Vice President of
Marketing. Factors that
may cause our actual results to differ materially from our
forward-looking statements include, among others, changes in external
market factors , changes in our business or growth strategy, or an
inability to execute our strategy due to changes in our industry or
the economy generally, the emergence of new or growing competitors and
various other competitive factors.

His most notable work, _Ulysses_, is considered by many to be the greatest novel ever written.

loud literatureclassics

com

Sundance/Newbridge's revenue
increased $0.7 million (excluding Buckle Down and Options
Publishing) and increased total operating expenses of $4.
Triumph Learning launched a line of standards-based instructional
books for Arizona; and was named a finalist for the Association of
Educational Publisher's Golden Lamp Award. To expand product
development efforts , Options Publishing leased additional office space
in Austin, TX, to accommodate additional editorial and design
professionals. "Adjusted EBITDA" is defined as EBITDA, adjusted to
remove certain non -recurring charges.

lecturers joyce

2
million, or 2.5
million to $5. For the first quarter 2005 and the first
quarter 2004, HCC invested $0.

pomes dubliners

Haights Cross Communications Reports First Quarter 2005 Results; Investor and Analyst Conference Call Scheduled for Thursday May 12 2005 at 4:00 PM ET

Results for the First Quarter 2005

Revenue for the first quarter 2005 was $48.6 million, which
reflects an increase of $9.
Excluding these acquisitions, revenue for the quarter increased $2.9 million, or 10.1 million for the first quarter 2005, from $3.

scholes finnegans

2 million for the first quarter 2004.8 million for the first quarter 2004.2 million for the
first quarter 2005 from $9.7 million, reflecting the revenue increase of
$2.7
million during the first quarter 2004. HCC
plans expenditures of approximately $3."

Investor Conference Call

HCC's conference call for investors, analysts, and the media will
be held on May 12, 2005, starting at 4:00 PM (ET)., an education
software publisher. Options Publishing also introduced the "Breakaway
Math(R)" series for grades 3-8. Oakstone received a grade of
"Exemplary Compliance" in the area of Needs Assessment, in recognition
of the process Oakstone uses to ensure its publishing programs meet
the targeted needs of its audiences.
However, we believe EBITDA is relevant and useful to investors because
(a) it provides an alternative measurement to operating income that
takes into account certain relevant adjustments that are specific to
publishing companies and (b) it is used by our management to evaluate
our ability to service our debt and along with other data, as an
internal measure for setting budgets and awarding incentive
compensation . In some cases, you can identify forward-looking statements
by terms such as "may," "will," "should ," "could," "would," "expect,"
"plan," "anticipate," "believe," "potential" and similar expressions
intended to identify forward-looking statements.

dubliners brazen

Each year,
former Medallion recipients and distinguished practitioners active in
the transportation and supply chain management fields nominate
individuals and companies for consideration for the award.3 million for the three months ended
March 31, 2004 due to strong growth in Sundance products -- Reading
PowerWorks(R) and Wonderbooks(R) -- and Newbridge products -- Thinking
Like a Scientist(R), Go Facts(R), Early Math(R) and Early Science(R).7%, to $2.
Revenue for the Library segment increased $2. Chelsea House also completed an extensive
market survey of school and public librarians, resulting in valuable
data that will help drive future product development. South Carolina
featured 12 new titles in Reading and Math. The
library division experienced strong CD sales; and also began realizing
revenue from its downloadable program, based on a partnership with
NetLibrary (a division of OCLC) to make audiobook downloads available
to patrons of libraries that sign-up for the program. The school
division implemented added dedicated field sales representatives , and
increased catalog mailings and advertising to promote the value of
audiobooks as an instructional tool. The following table reconciles
net loss to EBITDA and Adjusted EBITDA.

James Joyce (1882-1941 ) is the Irish author who developed the stream-of-consciousness narrative technique.

ramble consideration

Mr.0 million for full-year 2005.

Test-prep + Intervention:

Triumph Learning named Bill Scroggie Executive Vice President of
Product Development.