ALM Acquires Strategic Research Institute, Leading Producer of Specialized Business and Financial Conferences and Seminars.

NEW YORK -- ALM, a leading media company serving legal and business professionals, today announced that it has acquired the assets of the Strategic Research Institute(R), a privately held conference and seminar producer headquartered in New York City. Founded in 1993, the Strategic Research Institute currently produces more than 130 conference events annually, targeted primarily at C-level executives and professionals in sectors that include finance, life sciences, natural resource development, multi-cultural marketing, technology and general business. Terms of the acquisition were not disclosed.

The company has produced almost 1,600 business-to-business events since its inception. To date, more than 150,000 executives have participated in the Institute's conferences as delegates, sponsors, speakers and exhibitors. Detailed information on conference offerings is available at www.srinstitute.com.

The Institute will continue to operate from its present locations in New York City and Los Angeles, under the direction of co-founder Stuart M. Williams. The company will join ALM's related conference businesses, including ALM Events for legal professionals and managers, Insight Information business conferences in Canada and the RealShare conference series produced by ALM's Real Estate Media Division.

"This acquisition reflects the ongoing evolution of our company as a diversified business-to-business media platform, while extending our ability to assist lawyers and law firms in reaching current and potential clients across a broad range of industries," said William Pollak, president & CEO of ALM.

"The Strategic Research Institute has built a reputation as a premier provider of timely business education in sectors that mirror and complement our existing audiences and sponsor base. We're pleased to welcome the Institute to ALM's expanding family of business and professional conferences, and we look forward to benefiting from Stuart's deep experience and expertise in this area," added Pollak.

"This is a wonderful opportunity to integrate and leverage the assets of ALM's event-related businesses with those developed by the Strategic Research Institute. The addition of the Strategic Research Institute will allow ALM to expand product offerings to its clients, while providing a platform for the domestic and international growth of these businesses," said Williams. "I am personally very excited about the unique opportunities this acquisition will afford everyone involved and I look forward to working with Bill and his team."

Headquartered in New York City, ALM is a leading integrated media company, focused on the legal and business communities. ALM currently owns and publishes 39 national and regional magazines and newspapers, including The American Lawyer(R), Corporate Counsel(R), The National Law Journal(R) and Real Estate Forum(R). ALM's Law.com(R) is the Web's leading legal news and information network, while ALM's GlobeSt.com(R) is the Web's leading information source for commercial real estate professionals. Other ALM businesses include book and newsletter publishing, court verdict and settlement reporting, production of professional trade shows, conferences and educational seminars, market research and content distribution. ALM was formed by U.S. Equity Partners, L.P., a private equity fund sponsored by Wasserstein & Co., LP. More information on ALM's businesses and services is available on the Web at www.alm.com.