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INFORMATION ACCESS ANNOUNCES ACQUISITION OF INFORMATION BROADCASTING CO.

 FOSTER CITY, Calif., Dec. 17 /PRNewswire/ -- Information Access Group, which currently oversees Information Access Company and Predicasts, today announced the acquisition of the assets of Information Broadcasting Company Inc., located in Arlington, Va. Terms of the transaction were not disclosed.
 Information Broadcasting Co. Inc. is the producer of current awareness products (topic/category specific citations) for the legal and business communitites. Legal professionals and other executives are able to select from more than 500 different citation lists, which are categorized by a specific legal or business topic, such as real estate, labor and banking.
 The newly acquired company's offices and employees will remain in Arlington. Samuel Kaplan, president of Information Broadcasting Co. Inc. will continue to manage the company. He and his staff will report directly to Morris Goldstein, president of Information Access Group and a board, comprised of Information Access Group officers.
 Commenting on the acquisition, Goldstein said, "Information Broadcasting Co. Inc. brings to the market a unique value-added service. It provides highly-focused editorial content on specific topics to executives and managers in need of this information. The service selects the most relevant topics and information from a variety of databases and delivers that information directly. The user can be totally passive and receive high quality information pertinent to their specific job. It's a great use of our information."
 Kaplan added, "We at Information Broadcasting Co. Inc. are very excited to be a part of the Information Access Group team, the most preeminent electronic publisher in the world. Working with such an experienced and professional group of colleagues will provide us with unlimited opportunities. Some of those opportunities include access to people knowledgeable about the information business and direct access to quality data to improve upon the products we provide to our customers.
 We look forward to a successful future with our new partners, and to developing relationships with other important electronic publishers in the marketplace."
 Information Access Group, including the divisions of Information Access Co. and Predicasts, is based in Foster City. It is the world's leading supplier of periodical reference products for public, academic and corporate libraries available via print, CD-ROM, tape or online services.
 Information Access Group is a division of Ziff Communications Co.
 -0- 12/17/92
 /CONTACT: Celeste M. Alleyne, public relations manager of Information Access Co., 415-378-5249; or Morris Goldstein, president of Information Access Group, 415-378-5280/


CO: Information Access Group; Information Access Co.; Predicasts;
 Information Broadcasting Co. Inc. ST: California IN: PUB CPR SU: TNM


SG-GT -- SF003 -- 8024 12/17/92 08:04 EST
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Publication:PR Newswire
Date:Dec 17, 1992
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