Monday, August 18, 2008

Wordsmiths Books, in Decatur, GA, to remain open, meets operating cost needs and looks to the future

For Immediate Release

Wordsmiths Books, in Decatur, GA, to remain open, meets operating cost needs and looks to the future

On the heels of their two-week-long “Save OurBookstore” campaign, having culminated this past weekend in a flurry ofin-store activity and events featuring authors, bands, poetry and a silentauction, Wordsmiths Books has announced it has met operating cost goals and islooking to the future. In a letter to customers and donors posted early thismorning in the store blog, Wordsmiths Books owner Zachary Steele writes“We asked for your help. We asked for the chance to take thisbusiness and turn it forward, to get out from under the weight of immediatecosts that were threatening to close our doors forever and begin the task ofpaying down debts that were accrued in our original location. And youresponded…thanks to you all, we are still here. We have raised enoughcapital to cover necessary operating expenses and give us a clear sight intothe Fall.” In regards to exactly where the bookstore stands nowfinancially, Steele writes “There is still much for us yet to do. We have operating expenses caught up and have made some traction into tomorrow,but we will still be working on paying down our debts for the foreseeablefuture. I would be remiss to state that all is well and that we arecompletely in the clear, though we are at least now in a position to addressour concerns. I am still working to secure the long-term future of thebookstore and will be open to investment of any level up to that of apartnership in the business.” Steele is encouraging anypotential investors to call Wordsmiths or to email him directly, and statesthat any and all investment opportunities to secure the solvency of the storewill be discussed and entertained.

Steele continues on to say that those still wishing tosupport the store have several options available, from the “Friends ofWordsmiths” loyalty plan to the “events” box which will beavailable for those wishing to continue to donate when at author events tosimply shopping and supporting the store, and promises he will continue todocument Wordsmiths’ financial situation on the store blog.

Further looking into the future, the store is focusing onits’ continued array of large, in-store author signings and events,including fantasy legend R.A. Salvatore on Sept 10th, “HowStarbucks Saved My Life” author Michael Gates Gill on September 22 and Food Network star SandraLee on October 15th, as well as the labor day weekend Decatur BookFestival, for which Wordsmiths will be handling event sales at the CooksWarehouse stage.

Wordsmiths Books’ owner Zachary Steele’s entireletter to customers is available on-line at blog.wordsmithsbooks.com

For further information on Wordsmiths Books and upcomingevents, visit wordsmithsbooks.com
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Russ Marshalek
Marketing/Publicity Director
Wordsmiths Books
545 N McDonough
Decatur, GA 30030
(404)378-7166

russ@wordsmithsbooks.com

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