SIMON & SCHUSTER AND PETERSON'S IN SALES AND DISTRIBUTION AGREEMENT

NEW YORK, N.Y., April 16 - Simon & Schuster, Inc. has entered into a sales and distribution agreement with Peterson's, a Nelnet company, for all Peterson's book products.  Under the agreement, Simon & Schuster will handle trade book sales and distribution to bookstores, mass merchants, warehouse clubs, wholesalers, and other retail outlets.  The agreement is effective as of April 16, 2007. 

"We are delighted to welcome Peterson's into our family of distribution clients," said Joe Bulger, Vice President Client Management and Business Development for Simon & Schuster.  "We look forward to ensuring they receive the high level of support and service that their business deserves." 

"Peterson's is a thriving, highly recognizable brand in the field of college search and selection, as well as test preparation," said Larry Norton, President of the Simon & Schuster Sales & Distribution Division.  "We will work very closely with them to grow their business in all of our channels."

"Our partnership with Simon & Schuster will enhance our ability to help education-seeking families plan, prepare, and pay for school," said Del Franz, Editor in Chief for Peterson's, a Nelnet company.

Since 1966, Peterson's has helped to connect individuals, educational institutions, and corporations through its critically acclaimed books, Web sites, online products, and admissions services. Peterson's books reach education-seeking consumers with information about colleges and universities, career schools, graduate programs, distance learning, executive training, private secondary schools, summer opportunities, study abroad programs, financial aid, test preparation, and career exploration.

Peterson's book products were previously distributed by Thomson.

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ABOUT SIMON & SCHUSTER

Simon & Schuster, a part of the CBS Corporation, is a global leader in the field of general interest publishing, dedicated to providing the best in fiction and nonfiction for consumers of all ages, across all printed, electronic, and audio formats. Its divisions include Simon & Schuster Adult Publishing, Simon & Schuster Children's Publishing, Simon & Schuster Audio, Simon & Schuster Digital, and international companies in Australia, Canada, and the United Kingdom. For more information, visit our website at www.simonsays.com.

 

ABOUT PETERSON'S

Peterson's Nelnet, LLC, a wholly owned subsidiary of Nelnet, Inc. (NYSE: NNI), (http://www.petersons.com/) is a leading provider of online and print educational solutions for students, families, schools and educators in the areas of test preparation, admissions, financial aid and career guidance. Its Web site offers searchable databases and interactive tools for contacting educational institutions, online practice tests and instruction and planning tools for securing financial aid.

 

CONTACT:        Adam Rothberg, Vice President, Corporate Communications, Simon & Schuster, 212-698-1132; adam.rothberg@simonandschuster.com

 

CONTACT:        Krisztina Vida, Public Relations, Peterson's, a Nelnet Company,  609-896-1800 ext. 53146; krisztina.vida@petersons.com