PublishAmerica's August 2010 Royalty Statement

IMPORTANT NOTICE:

In this statement, PublishAmerica has accounted for all sales proceeds of your book which it has received during the last royalty period (February 1, 2010 to July 31, 2010). This includes all sales made directly by PublishAmerica during that period because PublishAmerica is paid for those sales up front. Some sales made by retailers and online vendors are not included on this statement. Vendors often have up to 90 days or longer to pay for copies of PublishAmerica's books. To the extent PublishAmerica has not received payments for books sold by retailers and online vendors during the last royalty period, those sales are not accounted for on the enclosed statement. PublishAmerica will include royalties for those sales on upcoming statements after the proceeds are received.

Additionally, as you may know, starting last year PublishAmerica has been confronted with a vendor failure to abide by their payment obligations, affecting some PublishAmerica books that were sold up through February, 2010. Since PublishAmerica has still not received payments for those sales, they have not been included on any royalty statements; thus it is possible that you may find excluded from your royalty statement sales that you had expected to find included, e.g. sales from bookstore events attended by you, or other bookstore related sales. PublishAmerica, however, has initiated court proceedings to recover those payments. At the time of August's royalty calculations those court proceedings were still ongoing. PublishAmerica will account for the missing sales after the missing payments are received. Furthermore, your statement should include all sales since March 2010 by which time PublishAmerica had fully implemented new distribution channels through Baker & Taylor.

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