|[February 22, 2013]
Neebo and Nebraska Book Company Announce That National Association of College Stores Signed Letter of Intent to Purchase Connect2One
LINCOLN, Neb. --(Business Wire)--
Neebo Inc., the beneficial owner of Nebraska
Book Company, today announced that the National
Association of College Stores has signed a letter of intent to
purchase the assets of Connect2One,
a fully owned division of Nebraska Book Company.
Through this purchase, NACS will integrate Connect2One, the largest and
most comprehensive buying group in the college store industry, with
indiCo, a NACS subsidiary focused on retail innovation, merchandising
strategy and data analytics. This strategic integration provides a new
way for NACS to fulfill its mission to help independent college stores
evolve and thrive.
"For 25 years, Connect2One has helped its more than 625 college store
members fill their shelves with items that appeal to the college crowd,"
said Steve Cemente, President and CEO of Neebo Inc. and Nebraska Book
Company. "Our company shares a very important goal with NACS-the
long-term success of independent college stores."
Nebraska Book Company has provided more than 50 years of support for
NACS and recently made a $200,000 donation to the NACS Foundation. This
funding was used to create the NACS Leadership Institute to train future
college store leaders.
"The alignment of Connect2One and indiCo demonstrates an exciting and
renewed commitment by NACS and Nebraska Book Company to the independent
college store," said Brian Cartier, CEO of NACS. "We know that the
expertise and reputation of Connect2One and its 25-year history of
success will have a positive impact on college stores."
About Nebraska Book Company
Nebraska Book Company Inc. began
in 1915 with a single college store near the University of Nebraska
campus and now operates nearly 250 stores, serving more than 2 million
students at colleges and universities nationwide. Nebraska Book Company
Inc. sells 6 million textbooks annually and installs more than 1,600
technology platforms and e-commerce sites at more than 2,500 bookstores.
Additional information about Nebraska Book Company Inc. can be found at
the Company's website: http://www.nebook.com.
Headquartered in Oberlin, Ohio, the National
Association of College Stores (NACS) is the professional trade
association representing the collegiate retailing industry. NACS
represents more than 3,000 collegiate retailers and approximately 1,000
associate members who supply books and other products to college stores.
NACS member stores serve America's college students while supporting the
academic missions of higher education institutions everywhere.
Additional information on NACS can be found online at www.nacs.org.
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