Excerpts from the Press Release:
. . . . The first journals will launch shortly, publishing primary peer-reviewed research in a range of broad-based subject disciplines in the life and biomedical sciences, including neuroscience, microbiology, ecology and evolution.
Wiley Open Access will provide authors wishing to publish their research outcomes in an open access journal with a range of new high quality publications which meet the requirements of funding organizations and institutions where these apply. . . .
A publication fee will be payable by authors on acceptance of their articles. Wiley will introduce a range of new payment schemes to enable academic and research institutions, funders, societies, and corporations to actively support their researchers and members who wish to publish in Wiley Open Access journals. . . .