UMI ANNOUNCES $50 MILLION INVESTMENT PROGRAM TO DEVELOP NEW PRODUCTS FOR 'ELECTRONIC LIBRARY'
UMI ANNOUNCES $50 MILLION INVESTMENT PROGRAM TO DEVELOP NEW PRODUCTS FOR 'ELECTRONIC LIBRARY' SAN FRANCISCO, June 28 /PRNewswire/ -- UMI, a leading information publisher and subsidiary of the Bell & Howell Company, today announced a $50 million investment program to put more than 4,000 business and general-interest magazine titles onto electronic formats for rapid and comprehensive access. Fewer than 1,000 titles are now in electronic format. The announcement was made at the American Library Association semi-annual meeting here. The information databases will be used by academic, public, and corporate libraries worldwide to offer users rapid access to full article images. "This initiative will help propel us toward the so-called 'electronic library' in which masses of information will become available instantaneously," said Joseph J. Fitzsimmons, UMI president and CEO. Ann Arbor, Mich.-based UMI introduced its first full-image periodical database in 1989 and now has 25 information systems delivered via CD-ROM or other electronic formats. Researchers and other users benefit greatly in using the electronic format because they can search through hundreds of articles in minutes. They view full text on screen and, if desired, print full text on a laser printer -- complete with charts, graphs, and photos. Much like the audio industry, compact-disk technology has been embraced in the information industry because of its information storage and retrieval benefits. For example, one CD can store up to 250,000 pages of printed text. This year, UMI announced plans to harness a jukebox that stores and reads 240 CD-ROMs, or the equivalent of 1.4 million full-page images. The jukebox has opened the door to networking databases and enabling remote article delivery. -0- 6/28/92 /CONTACT: Jonathan James of UMI at the ANA Hotel in San Francisco, 415-974-6400; or Larry Eiler of Eiler Communications, 313-761-3399, or 313-995-2551 (home), for UMI/ CO: UMI; Bell & Howell Company ST: California, Michigan IN: CPR SU:
ML -- DESU01 -- 4454 06/28/92 12:00 EDT
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|Date:||Jun 28, 1992|
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