[BusinessTeam] Bookface Shuts Down (Nonexistant?) NY Office

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BOOKFACE SHUTS DOWN (NONEXISTENT?) NEW YORK OFFICE 

Bookface.com, which launched earlier this year, has let go of 20 
percent of its workforce  over the past few weeks and has suggested 
the rest spend a little time on their resumes. Tammy Deuster, the 
company's chief executive officer, told M.J. Rose of Wired News that 
it's all par for the course: ''As with so many dot-coms right now, our 
growth plan is going to be slower than we expected. The staff cuts 
were a result of shutting down the New York office.'' But according to 
what a few unnamed sources told Rose, there was no New York office. 
Ever. Says one source, ''That positive spin is an effort on the 
management's team to not scare off any possible new investors.'' Also 
in Wired News, Rosettabooks.com will launch next year with low-priced, 
backlist e-books available in all e-platforms, LibraryCard.com aims to 
become ''the largest booklist in the Web world'' when it launches next 
year, and Xlibris is partnering with Lightning Source. 

http://www.wired.com/news/business/0,1367,40731,00.html 

Ashley Ching 
nano 
212.430.3722 
ashley@nano.com 
www.nano.com 

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