Today Harlequin Enterprises announced the formation of Carina Press, a digital-only imprint with a special contract that “does not include an advance or DRM (Digital Rights Management), and authors are compensated with a higher royalty.”
The imprint will begin publishing in Spring 2010, focusing on romance and erotic romance. Angela James (pictured) will serve as executive editor of the new press. James has served as copy editor at the digital publisher, Ellora’s Cave and managed the publisher’s editorial services division at Samhain Publishing. Most recently, she worked on the now-disbanded digital outfit, Quartet Press.
Here’s more about submission guidelines: “Carina Press is currently accepting submissions in all genres of commercial fiction. Carina Press will 
consider shorter stories, genre novels of 50,000 to 100,000 words and longer, and complex narratives of over 100,000 words. Carina Press will also acquire books that have been previously released in print form, but for which the author has either retained digital rights or had digital rights revert to them. All submissions should be sent to submissions [at] carinapress [dot] com.”