Canadian publisher. Noticed it because Cathi Bond has a book out with them. But...claims to be "reinventing" publishing by making the author pay for everything.
I guess as long as you know what you're getting into, they are at least up-front about their costs. Observe:
Even a manuscript that needs just a light polish will have editing costs of between $1,000 and $4,000. A manuscript that needs two or three rounds of editing can run anywhere from $4,000 to $15,000 or more and a manuscript that needs more extensive work — such as a nonfiction book where rewriting or even ghostwriting is recommended — will be more. As well, there are costs for cover design, formatting, proofreading, and promotion. The total is typically in the $5,000 to $10,000 range. If these amounts sound high, don’t worry — alternate methods of financing, like crowdfunding (there’s that word, again), can help you offset the cost.
So you're looking at c. $5000 - $15,000 (!) to publish. Holy guacamole. But, uh...they promise an "extraordinarily high royalty rate" (on net, of course) I guess, so that's okay. Apparently, a very small number of books will have the costs covered by the publisher.
What I find interesting is that crowdfunding a book's publication is baked right into the contract, and it seems assumed that this will be the primary way authors will fund their books.
The contract: http://iguanabooks.com/wp-content/up...K-CONTRACT.pdf