Electronic books have the potential to reduce the knowledge gap for students in developing countries. They also have the potential to become a cash cow for Publishers and Authors. There is no doubt that Piracy has had fatal effects in attracting authors to the publishing industry. New business models are available for electronic books. Publishers can adopt a model where the content is freely accessible, and they obtain revenue streams but adding paid advertisements. Google Books is an industry that is raking in millions of dollars. Publishers can also break new barriers by selling in markets that would not have been possible a few years back. An author in Rwanda, can sell his book to a reader, in Afghanistan. Is such a feat, easily replicable in the traditional print versions.