The University of Tennessee Libraries' "Newfound Press Business Plan, 2008-2011" is available.
Here's an excerpt:
The University of Tennessee Libraries launched its digital imprint, Newfound Press (www.newfoundpress.utk.edu), in 2005 to develop a framework for making peer-reviewed scholarly and specialized works available worldwide. Building on local digitization investments, Newfound Press has published two monographs, with two more in production and a third in the referee process. The Press currently hosts one born-digital journal and is considering a proposal for a second. To experiment with digital multimedia publication, the Press has compiled text, recordings, and ephemera from two scholarly conferences for public access. Through Newfound Press, the University of Tennessee demonstrates an open access publishing model that explores issues such as creating a process for peer review “on the fly,” exploring new channels for the discovery of research results, and establishing credibility as a viable scholarly publications venue.