Information
                          Today, Inc. Acquires Faulkner Information Services  
                                                 May
                        19, 2004, Medford, NJ—Information
                                                  Today, Inc. (ITI) has announced
                                                  the acquisition of the publishing
                                                  assets of Faulkner Technical
                                                  Reports, Inc., a diverse line
                                                  of information products known
                                                  as Faulkner Information Services.
                                                  No terms of the deal have been
                                                  announced, but a spokesperson
                                                  for ITI describes the acquisition
                                                  as a win-win arrangement.
                                                Faulkner Information Services
                                                  provides Web-based information
                                                  in the fields of information
                                                  technology, communications,
                                                  and security. Its flagship
                                                  service is called the Faulkner
                                                  Advisory on Computer and Communications
                                                  Technologies (FACCTS), which
                                                  is a continuously updated and
                                                  searchable library of hundreds
                                                  of research reports written
                                                  for IT and communications managers,
                                                  users, and suppliers. 
                        The Faulkner Information Services
                                                  management team will continue
                                                  to run the new ITI subsidiary
                                                  at its present location in
                                                  Pennsauken, New Jersey. Marty
                                                  Murphy, the former Faulkner
                                                  president and principle shareholder,
                                                  has left to pursue other interests
                                                  but retains a strong interest
                                                  in the success of the company. “We
                                                  purchased the business in 1993
                                                  and have greatly expanded the
                                                  breadth and depth of the service
                                                  offerings,” said Mr.
                                                  Murphy. “I have every
                                                  reason to believe that ITI
                                                  will continue to improve the
                                                  existing products and create
                                                  new ones as opportunities arise.
                                                  I also believe that ITI has
                                                  the marketing channels that
                                                  will help make Faulkner Information
                                                  Services a dominant player
                                                  in the information technology
                                                  research arena.” 
                        Tom Hogan,
                                                  Sr., president and CEO of Information
                                                  Today, Inc.,
                                                  said, “The wealth of
                                                  content and the customer base
                                                  that Faulkner has managed to
                                                  attract and retain during difficult
                                                  economic times are truly impressive.
                                                  The management team rolled
                                                  up their sleeves and dedicated
                                                  themselves to the survival
                                                  of the company. That kind of
                                                  commitment is what sealed our
                                                  interest in adding Faulkner
                                                  Information Services to our
                                                  existing products and services.” 
                        As a side note, Tom Hogan
                                                  admitted that his first job
                                                  in the information industry
                                                  was in 1968 with Auerbach Info,
                                                  Inc., a major part of which
                                                  later became Faulkner Information
                                                  Services. “I wish I could
                                                  say that this was the culmination
                                                  of some life-long dream or
                                                  strategy to acquire the company
                                                  that gave me my start in the
                                                  information industry,” said
                                                  Hogan, “but this was
                                                  purely a serendipitous and
                                                  fortunate turn of events. I
                                                  am nonetheless pleased and
                                                  excited about the possibilities
                        we have inherited.” 
                        About Information Today, Inc. 
                          Information Today, Inc. (ITI)
                                                    is a leading publisher and
                                                    conference organizer in the
                                                    information and knowledge
                                                    management industries. The
                                                    company is widely known as
                                                    the publisher of premier
                                                    information and knowledge
                                                    management titles such as
                                                    Information Today, Computers
                                                    in Libraries, ONLINE, MultiMedia & Internet@Schools,
                                                    CRM, Searcher, KMWorld, and
                                                    EContent. In addition to
                                                    periodicals, ITI publishes
                                                    many books and directories
                                                    pertaining to the information
                                                    and knowledge management
                                                    industries. ITI is also the
                                                    sponsor and organizer of
                                                    many industry conferences,
                                                    including WebSearch University,
                                                    KMWorld & Intranets,
                                                    Internet Librarian, Computers
                                                    in Libraries, Enterprise
                                                    Search Summit, Streaming
                                                    Media, and Buying & Selling
                        eContent. 
                        
                        
                      
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