SQUAD today is pleased to announce the release and immediate availability of QReader for iPad, which supports .txt .fb2 and .html eBooks. Unlike other iPad reader applications, QReader lets you change text format during reading an eBook without reopening it. Bookmarks and text search will help you to keep important information at hand. With QReader you can easily download eBooks from FTP. Moreover, this new app includes a speed reading trainer and has a night mode.
For some reason they expect their $5 app to compete with the free Stanza, Kindle, Kobo, and B&N apps. Heck, it doesn't even have decent format support.