Five acquisitions for United Business Media; company reports results.

United Business Media (London), parent of CMP Technology (Manhasset, NY), has completed four purchases and has agreed to a fifth. The company has also reported first half 2007 financial results.

UBM has bought Semiconductor Insights Inc. (Kanata, ON) for an initial cash consideration of $26 million, with a further possible consideration of $8 million to be payable over the next three years, subject to certain conditions.

Semiconductor Insights performs technical investigations of integrated circuits and electronic systems to analyze their design, technical composition, component sourcing, build cost, manufacturing process and intellectual property content, Its coverage includes the communications, networking, wireless, electronics, smart card and semiconductor industries, with a focus on consumer electronics devices. The company performs analysis and consulting for semiconductor and OEM companies and the law firms that represent them. The company had revenues of $23 million for the fiscal year ending March 30, 2007.

UBM has also acquired How Machines Work Corp. (Evanston, IL) for an initial cash consideration of $1.2 million with a deferred consideration of up to $600,000 payable over the next two years, subject to certain conditions. How Machines Work Corp. is a designer and developer of new interactive online environments that are created as components of customized technology marketing campaigns. Typically, the company uses games and online environments to develop content and marketing information for technology clients that include such companies as Siemens, HP and Automation Direct. It will be integrated into UBM's CMP Technology Innovators Group.

In addition, UBM's CMP Information (London) unit has signed an agreement to purchase Intermodal South America Trade Show (Sao Paulo; (cont'd on p. 2)(cont'd from p. 1) Intermodal SA) from management for $7 million. Held annually, the event is the leading intermodal transportation event serving the Latin American markets. The complementary publication, "Global Comercio Exterior e Logistica," will also be acquired as part of the transaction.

UBM's PR Newswire (New York) unit has purchased Notilog (Mexico City), a provider of real-time print, broadcast and online news monitoring, tracking and analysis service both the Spanish and Portuguese markets in Latin America, for $4 million. The deal includes a possible further consideration of up to $5 million, payable over the next two years, subject to certain performance conditions. Notilog is the market leader in Mexico and has strong positions in Argentina and Brazil. The company had 2006 revenues of $3.4 million.

Also, UBM's CMPMedica (London) healthcare unit has purchased the Australian Prescription Products Guide (Melbourne) for A$1 million (0.4 million [pounds sterling]). The Guide is a print/online drug information brand for the Australian pharmacy market and includes more than 3900 prescription and non-prescription product information monographs and almost 2000 consumer medicine information (CMI) listings. CMI listings can be accessed for free online.

Finally, UBM reported revenues for the first six months of 2007 of 403.5 million [pounds sterling], a 5.2% increase from the 383.6 million [pounds sterling] reported for the same period in 2006. Group operating profit was down 1.6%, going from 82.3 million [pounds sterling] last year to 81 million [pounds sterling] in the first six months of 2007. UBM said that six-month revenues were reduced by 20 million [pounds sterling] and operating profit by 4.4 million [pounds sterling] due to the decline in the US dollar against Sterling.