Zinio Welcomes New Ownership and Makes Plans for Growth

"The acquisition was based on vision, timing and the extraordinary ability and passion of the people at Zinio," said David Gilmour. "The company represents the most important fundamental change in the last 150 years of publishing and distribution. Zinio is the solution to the problems of waste, pollution and escalating costs in conventional print publishing. This technology has initiated change and provides for a new era of interactive media that eclipses the flat world of publishing today."

Gilmour's career comprises an extensive history of successful ventures. He was the founder and chairman of FIJI Water, which he sold in 2004. Gilmour also was co-founder of the South Pacific Hotel Corporation, Barrick Gold Corporation -- the most profitable gold-mining firm in the world -- and Horsham Corporation, which was to become TrizecHahn, one of the largest publicly traded REIT companies in North America. Last year, Gilmour founded VIV Publishing LLC, which publishes the first all-digital healthy lifestyle publication for women called VIV Magazine (vivmag.com). Carlson was the CEO of Aspen Club Enterprises, SVP and CFO of The Aspen Skiing Company, the co-founder and CEO of FIJI Water and presently the cofounder and CEO of VIV Magazine.

While the ownership structure of Zinio is changing, the company's current management team will continue to be led by president Richard Maggiotto. Mike Perlis, chairman of Zinio's previous board and former president and CEO of Ziff Davis Publishing, will remain a trusted adviser.

"Since its inception, Zinio's mission has been to serve as the digital bridge between publishers and readers with our immediate and interactive global offerings," Maggiotto said. "Mr. Gilmour understands what it takes to build a brand to be the gold standard. His vast business experience and guidance will help Zinio fulfill its mission by continuing to provide the highest quality service and products for our publisher partners and digital consumers."

For more information, or to purchase any of the digital titles offered by Zinio, visit www.zinio.com, www.textbooks.zinio.com, or www.zinio.com/global for international publications.

About Zinio Systems Inc.

Zinio Systems Inc. is the marketplace leader for digital publishing products and services. Zinio provides publishers with new circulation and revenue growth opportunities through easy, turnkey solutions and complete circulation, production and fulfillment services. Zinio's major publishing partners include Hachette Filipacchi, Hearst, IDG, McGraw-Hill, Playboy Enterprises, Primedia, Rogers Publishing, Transcontinental Media, World Publications and Ziff Davis. Zinio's technology and distribution partners include Acer, Adobe, Havas Media, IBM/Lenovo, M2 Media Group and Synapse. Zinio had been backed by several prominent venture capital firms including New Enterprise Associates, North Bridge Venture Partners, Intel Capital, Odyssey Capital, Parker Price Venture Capital and Palisades Ventures. Zinio has offices in San Francisco and New York with several franchisees worldwide.