The site (“an online marketplace assisting readers and writers of quality, electronic literature”) offers to sell writers’ manuscripts as e-books, complete with free distribution, for a $150 “PDF Service Fee.”*
In their solicitations, the editors claim to be “highly critical in our acceptance of work.”
So far, the general reaction from the writers I know is, at best, one of skepticism. Given the volume of solicitations, you should probably think twice before you send Pulpbits that novel or story collection you’ve been working on.
*for more information on the site’s fee structure, select “write” from the front of the site, and then select “fees.”