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JPT PUBLISHING GROUP ACQUIRES RIGHTS TO BAI'S 'BANK MANAGEMENT' MAGAZINE

JPT PUBLISHING GROUP ACQUIRES RIGHTS TO BAI'S 'BANK MANAGEMENT' MAGAZINE
 NEW YORK, Jan. 7 /PRNewswire/ -- JPT Publishing Group, one of the nation's leading professional publishers, announced today that it has acquired the rights to publish the Bank Administration Institute's (BAI) monthly Bank Management magazine.
 The magazine will be published by JPT's Faulkner & Gray (F&G), Inc. subsidiary, which also publishes the nation's leading banking and credit card magazines and newsletters.
 The agreement, which is for 10 years, was announced by Joseph M. Palazzolo, president and CEO of JPT. Bank Management joins the 11 other banking periodicals published by F&G, which together serve the informational needs of more than 100,000 banking executive subscribers.
 "Bank Management is one of the leading magazines in the industry," said Palazzolo. "This agreement makes us the largest banking information publisher in the United States. It's a perfect fit for us and is part of JPT's overall strategy to penetrate select professional markets, such as banking, and grow through acquisitions and internal product development."
 "Few industries have as much need for information as banking today," said John F. Love, president and chief executive officer of F&G. "As such, Bank Management fits into our strategy to publish need-to-know information.
 "The banking industry is steering its way through a complex period," said Love, "but this vital industry has a bright future and we are well- positioned with a variety of products in this receptive market."
 Bank Management, based in Chicago, has a monthly circulation of 40,000. Its editorial and advertising staff will remain with F&G's Chicago-based retail banking division. Love will serve as publisher.
 Existing F&G banking publications include Credit Card Management, Bank Technology News, Bank Network News, Credit Card News, POS News, CardFax, Banking Law Review, Bank Taxation, and Journal of Bank Accounting and Auditing.
 JPT Publishing Group was founded in 1987 by Theodore Cross and Palazzolo. In four years it has become a major force in professional publishing and had sales of about $100 million.
 Other JPT companies include the Institute for Scientific Information, located in Philadelphia; Frost & Sullivan International, based in New York; and Payment Systems, Inc., based in Tampa, Fla.
 The Bank Administration Institute is one of the nation's leading bank research and educational organizations. Its membership includes more than 85 percent of domestic banking assets.
 -0- 1/7/92
 /CONTACT: Joseph M. Palazzolo of JPT, 212-766-7800; or Kevin DeMarrais of Jay DeBow & Partners, 212-315-8156, for JPT/ CO: JPT Publishing Group; Bank Administration Institute ST: New York, Illinois IN: PUB SU: TNM


GK-JT -- NY047 -- 7329 01/07/92 12:42 EST
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Publication:PR Newswire
Date:Jan 7, 1992
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