QUESTEX CONTINUES EXPANSION WITH AGREEMENT TO ACQUIRE INFOTRENDS
NEWTON, MA — September 20, 2006 — Questex Media Group, Inc. and InfoTrends, Inc. announced today that the two have signed a definitive merger agreement. This agreement is subject to the approval of the shareholders of InfoTrends, and is expected to close by the end of September, when InfoTrends will become a wholly-owned subsidiary of Questex.
"This agreement marks a significant milestone in our drive to become a strategic business information resource for our customers," said Kerry C. Gumas, President & CEO of Questex. "InfoTrends has established a unique position as the world's leading provider of market data, research and strategic advisory services to the document solutions and digital imaging markets and is highly complementary to our business."
"This agreement is an excellent move forward for InfoTrends, as it will enable us to create additional value for our customers and also provide us access to new markets," said Charles A. Pesko, Jr., founder and President of InfoTrends.
The two companies have had a long-standing commercial relationship. InfoTrends was a founding partner of Questex Media's market leading ON DEMAND™ Digital Printing & Publishing Conference and Exposition, now in its 13th year, and continues to produce conference programming for the event.
About Questex Media Group, Inc.
Questex Media Group, Inc. is a global, diversified business-to-business integrated media provider, headquartered in Newton MA. Questex Media serves multiple industries including technology, travel, beauty, home entertainment, landscaping, and industrial and specialty markets through a range of well established, market-leading products and services. The company’s properties include 23 trade publications, 25 conferences and trade shows, as well as a host of databases and online media brands. Questex Media has more than 400 employees in offices throughout North America, Latin America, Asia, and Europe.
About InfoTrends, Inc.
InfoTrends is the leading worldwide market research and strategic consulting firm for the digital imaging and document solutions industry providing research, analysis, forecasts, and advice to help clients understand market trends, identify opportunities, and develop strategies to grow their businesses. InfoTrends serves a worldwide customer base through its offices in the United States, Europe and Asia.
CONTACT: Michelle Mitchell, group marketing manager, Questex, 216-706-3733, mmitchell@questex.com