CLEVELAND, OH--(Marketwire - December 19, 2007) - Publishers Weekly's 2005 Publisher of the Year and former chairman and CEO of Time Warner Book Group, Laurence J. Kirshbaum, has joined the OverDrive ( board of directors. Kirshbaum, who recently founded LJK Literary Management, brings four decades of publishing industry experience to OverDrive, a company that powers download audiobook, eBook, music and video catalogs at public libraries in New York, Boston, Toronto, Singapore, and thousands of other locations worldwide. OverDrive also provides digital download infrastructure for publishers like HarperCollins and Harlequin, and is a strategic partner with Microsoft Corporation, Adobe Systems, and other leading tech firms.

"During my career, I've seen the publishing industry evolve with the adoption of new book formats, business models, and sales channels," said Kirshbaum. "Today, eBooks, audio books, and digital media markets are exploding, and OverDrive is uniquely positioned as a global leader in the value-added distribution of digital books and other content."

Kirshbaum's renowned career is highlighted by building an international publishing powerhouse at Time Warner Book Group (now Hachette Book Group USA). There, he worked with hundreds of best-selling authors including business leaders such as Jack Welch, Sandy Weill, and Michael Eisner; leading non-fiction writers like Malcolm Gladwell, author of "The Tipping Point" and "Blink"; literary success stories like Elizabeth Kostova and Alice Sebold; and popular commercial writers including Nicholas Sparks, James Patterson, David Baldacci and Nelson DeMille.

"As OverDrive enters new markets, offers new formats and develops new business models, Mr. Kirshbaum's hands-on experience in global publishing will be an indispensible asset," Steve Potash, president and CEO of OverDrive, Inc. "We look forward to working with him at this exciting time for publishing."

Kirshbaum has been involved in publishing for nearly 40 years -- as an author, publisher and agent. He worked in the Random House marketing department until 1974 when he joined Warner Books as vice-president of marketing. He remained at Warner Books, which became Time Warner Book Group, for over 30 years, spending his last 10 years as the company's chairman and CEO. He is currently the chairman of LJK Literary Management. He also serves on the board of Baker & Taylor, a leading distributor of books and other media to libraries, bookstores, and consumers.

About OverDrive, Inc.

OverDrive is a global leader in providing world-class technology and infrastructure for downloading premium digital eBooks, audiobooks, music and video. Overdrives provides secure management, protection and download services for hundreds of publishers and institutions (rights holders) and provides digital media to more than 7,500 libraries, schools and retailers US and worldwide, serving millions of end users. Founded in 1986, OverDrive is based in Cleveland, OH.

Contact Information: Contacts: David Burleigh OverDrive, Inc. 216-573-6886 x218