Riptide Publishing (tagline: turning the tide of M/M Publishing).
Was the tide going out? or do they think it should?
They will be carrying gay and transsexual literature with a romance focus.
Founded by Rachel Haimowitz, Aleksandr Voinov, and Chris Hawkins and they have a bunch of established authors already lined up.
Their royalties are 50% of net (excluding only distributor fees).