Z/Yen, the leading risk/reward management firm, and Milet Publishing, the leading multicultural publisher, announced yesterday that they signed an imaginative finance and management deal. The new company, Milet Publishing Limited, will expand on the successes of Milet in multicultural and bilingual books. Milet will benefit from a combination of seed finance and business management expertise from Z/Yen to accelerate Milet's exciting growth plans.
Ian Harris, Managing Director of Z/Yen, says, "We are absolutely delighted to get involved in this way with Milet. Milet shares Z/Yen's quality and customer service ethos. Z/Yen strives to invest its brains as well as ‘putting its money where its mouth is’. Milet fits exceptionally well with our risk/reward philosophy and will add to our quality, diversity and breadth."
Patricia Billings, Managing Director of Milet Publishing, adds, "This is a wonderful opportunity for Milet to increase its rate of growth and undertake many exciting new projects. We feel a tremendous simpatico with Z/Yen. The combination of Z/Yen and Milet should enable Milet to continue its successful expansion, to become the world leader in bilingual and multicultural publishing."
Milet's portfolio includes dual language editions of children's series Elmer and Daisy, the stunning English title Night and Day, together with the UK's leading selection of Turkish publications. Z/Yen specialises in risk/reward management, an innovative approach to improving organisational performance. Z/Yen clients include blue chip companies in banking, technology, publishing and distribution as well as charities and care organisations.
For further information please contact:
Ian Harris or Michael Mainelli
Telephone (020) 7562-9562
Email hub@zyen.com
Patricia Billings or Sedat Turhan
Telephone (020) 7603-5477
Email info@milet.com
3 March 2000