May 31, 2016
ENCINO, Calif. and RANDBURG, South Africa, May 31, 2016 /PRNewswire/ -- Research Solutions, Inc. (OTCQB: RSSS), a pioneer in providing on-demand access to scientific, technical and medical (STM) information for research-intensive organizations, announced today that it has signed a distribution agreement with WorldWide Information Services, Pty. (WWIS), a leading periodicals subscription agent for universities and corporations in South Africa. According to the agreement, WWIS will handle sales and inquiries for Research Solutions subsidiary Reprints Desk and the company's award-winning research retrieval platform Article Galaxy™, focusing on academic institutions.
"Research Solutions is pleased to partner with WWIS in bringing our market-leading research retrieval services to academic libraries in South Africa, supplementing their library subscriptions with on-demand content delivery," said Peter Derycz, President and CEO of Research Solutions. "WWIS is well positioned to support us as a result of their strong network and knowledge of the local market."
"We are delighted to introduce the South African market to document delivery powered by Article Galaxy," said Andrè van Tonder, Managing Director at WWIS. "This represents an exciting opportunity for us to provide a full-scope solution and added value to our customers." Products represented by WWIS include print journals and online information resources (including e-journals, bibliographic databases, full-text databases, and more.)
Corporations, academic institutions, and government organizations around the world rely on Article Galaxy for copyright-compliant access to full-text scientific, technical, and medical content when subscription access does not yet exist. As a cloud-based, software-as-a-service, Article Galaxy provides one-stop shopping and lowest cost acquisition of full-text journal articles from the world's leading publishers, filtering against subscriptions, publisher-pay-per-view tokens and Open Access content.
WWIS works closely with various publishers and assists in the negotiation of deals with consortia such as South African National Library and Information Consortium (SANLiC), a major player in the provision of electronic information resources to public academic and research libraries in South Africa. Their knowledge of local market enables buyers and users across Southern Africa, providing the opportunity to develop business in these hard to reach markets.
WorldWide Information Services (WWIS) was established in 2006 when the management team at the time bought a local subscription agent, Mast Publications from the listed AdvTech Group. The name was selected to better reflect the strategic direction of the company and its mission and vision to enhance commitment in providing world-class subscription management solutions. Today the company is owned by five Directors and is a leading subscription agent with a client base, which currently includes 90% of South African academic institutions. Celebrating its 10th anniversary, WWIS is unashamedly proud of its South African origins and ownership, and strives to maintain a level of independence, which gives it the freedom to decide on its own destiny, in partnership with a growing base of clients who are loyal to its strong values. For more information, please visit http://wwis.co.za.
About Research Solutions
Operating through its wholly owned subsidiary, Reprints Desk®, Inc., Research Solutions, Inc. (OTCQB: RSSS) is a pioneer in providing on-demand access to scientific, technical, and medical (STM) information for life science companies, academic institutions and other research-intensive organizations. More than 70 percent of the top 25 pharmaceutical companies in the world rely on services powered by Research Solutions. Article Galaxy™, the company's cloud-based software-as-a-service (SaaS) solution, gives customers access to the over one million newly published articles each year in addition to tens of millions of articles previously published, helping them to create and speed discoveries, save time and money, and remain copyright-compliant. Research Solutions has arrangements with numerous STM content publishers that allow electronic access and distribution of their content. In addition to serving end users of content, the company also serves STM publishers by facilitating compliance with applicable copyright laws. For more information about Research Solutions, visit www.researchsolutions.com.
About Reprints Desk®
Reprints Desk improves how journal articles and clinical reprints are accessed, procured, and legally used in evidence-based promotions, medical affairs, and scientific, technical, and medical (STM) research. Organizations fueled by intellectual property choose Reprints Desk because of its collaborative business approach, efficient article supply system and services, and commitment to quality post-sales support. Reprints Desk has ranked #1 in every Document Delivery Vendor Scorecard from industry analyst and advisory firm Outsell Inc. since 2008. For more information about Reprints Desk, visit www.reprintsdesk.com.
Certain matters discussed in this press release may be forward-looking statements. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in obtaining new customers; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; the Company's success in integrating acquired entities and assets, and all the risks and related information described from time to time in the Company's filings with the Securities and Exchange Commission ("SEC"), including the financial statements and related information contained in the Company's Annual Report on Form 10-K and interim Quarterly Reports on Form 10-Q. The Company assumes no obligation to update the cautionary information in this release.
Ian Palmer, Chief Sales and Marketing Officer
Research Solutions, Inc. and Reprints Desk, Inc.
+1 (415) 533-8308
Andrè van Tonder, Managing Director
WorldWide Information Services, Pty.
+27 (11) 789-9947
SOURCE Research Solutions, Inc.