They are new, and they are currently only reprinting older work. They're the publishing arm for Cabinet Entertainment, and their primary focus will be the literary estate of Robert E. Howard (Cabinet CEO Fredrik Malmberg is the owner of Howard's literary estate, copyrights, trademarks, and IP), new pastiche written in Howard's Hyborian Age, and other media tie-in work associated with Cabinet's IPs. If things go well, they plan to expand into publishing original material, as well.
Fredrik Malmberg is the owner; Laurie Blum Guest is the publisher, and Howard Andrew Jones is executive editor. I am merely a REH fan-boy who hopes to write for them . . .