Legible Releases Fifth AI Classic Living Book, Kahlil Gibran’s The Prophet, and Provides Corporate Update

/EIN News/ -- VANCOUVER, British Columbia, April 14, 2025 (GLOBE NEWSWIRE) -- Legible Inc. (CSE: READ) (OTCQB: LEBGF) (FSE: D0T) ("Legible” or the “Company"), a leading innovator in AI-interactive digital reading and entertainment and winner of the 2025 Entertainment Technology award from the Global Tech Awards, is pleased to announce the release of the fifth title in its growing AI Classics series, The Prophet by Kahlil Gibran.

The Prophet is a literary masterpiece that has touched generations of readers around the world. First published in 1923, the collection of 26 poetic essays follows the prophet Almustafa as he shares profound insights on life, love, marriage, work, freedom, and death before leaving the city of Orphalese. Translated into over 100 languages, it remains one of the most widely read and beloved books of the 20th century. This new 21st century edition, showcasing Legible’s new proprietary operating system for books, brings Gibran’s poetic wisdom to life in a dynamic experience, using AI-powered art, animation and interactive characters to reimagine how classic literature is experienced across devices.

“This advanced new release in our AI Classics series offers a glimpse into how AI can deepen our connection to timeless works,” said Kaleeg Hainsworth, CEO of Legible. “With Legible’s new release of The Prophet, readers don’t just read—they engage. This is a meaningful step toward our vision of Living Books as a new standard in immersive storytelling.”

The public is invited to experience the Living Book version of The Prophet here, and to sign up to receive future updates as they are released.

Legible announces the planned retirement of its Chief Financial Officer, Mr. Ed Duda, effective as of April 11, 2025. Mr. Duda will support the Company as a consultant throughout the transition to new financial leadership. Mr. Duda’s ongoing involvement will ensure operational continuity and alignment with Legible’s strategic priorities.

As a way to strengthen Legible’s Balance Sheet, the Company has secured commitments from five Legible Shareholders holding $522,636 of Convertible Debentures to convert their debentures, that are not due, into 5,966,233 common shares of the Company, effective as of the date of the first closing of the Private Placement Unit Offering (“Offering”) that was press released on March 27^th, 2025. Closing of the Offering has been delayed due to turbulence in the global equity markets.

Legible continues to advance business development initiatives with a focus on driving revenues.

About Legible Inc.

Legible is a groundbreaking, mobile-centric global company specializing in eBook and audiobook entertainment. Its extensive partnerships encompass four of the Big 5 Publishers, the world's largest eBook distributors, along with other outstanding publishers of all sizes, enabling Legible to deliver millions of eBooks and audiobooks, transforming any smart device into a source of cutting-edge infotainment.

Legible recently released My Model Kitchen - Holidays, the fourth in a series of video-enriched Living Cookbooks by former supermodel, bestselling author, TV host and celebrity chef Cristina Ferrare, with an AI Sous Chef for each recipe. The Living Cookbooks and Ms. Ferrare have now been featured four times on The Drew Barrymore Show and by many other major US media outlets.

A first mover in the rapidly expanding automotive infotainment market, Legible has partnered with major app providers including Forvia's Appning, Samsung's Harman IGNITE, Visteon’s AllGo, and ACCESS’s Twine4Car. Legible has the only Android Automotive OS app that is capable of delivering both audiobooks and eBooks to drivers and passengers in tens of millions of vehicles around the globe, positioning Legible at the forefront of the new world of in-car infotainment experiences.

The 2025 Global Tech Award winner of the EntertainmentTech Award, and 2024 EdTech Breakthrough Award winner for eLearning Innovation of the Year, Legible is reshaping the digital publishing landscape, committed to gaining significant market share through its innovative 21st-century publishing solutions and enriched reading experiences. Visit Legible.com, where eBooks come to life.

Press Contact:

Ms. Deborah Harford
EVP, Global Strategic Partnerships
invest@legible.com
Website: https://invest.legible.com

Cautionary Note Regarding Forward Looking Information
This Press Release contains certain statements which constitute forward-looking statements or information (“forward-looking statements”), including statements regarding Legible’s business. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Legible's control, including the impact of general economic conditions, industry conditions, currency fluctuations, the lack of availability of qualified personnel or management, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Legible believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward- looking information. As such, readers are cautioned not to place undue reliance on the forward- looking information, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, Legible does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.

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