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TELESCAN AND EDITOR & PUBLISHER ANNOUNCE AGREEMENT TO DEVELOP MAJOR ON-LINE INFORMATION NETWORK

 HOUSTON, Aug. 11 /PRNewswire/ -- Telescan, Inc. (Telescan) and The Editor & Publisher Company, (Editor & Publisher), announced today that they have signed an agreement for the development and operation of a major on-line information network, using Telescan's advanced software and Editor & Publisher's current and historical databases. The network will be a vital resource for subscribes seeking direct access to the most comprehensive information available on the domestic and international newspaper industry.
 Telescan's proprietary software features unique relevant and optimal search techniques for interactive electronic communications. On-line network users will be able to make simple English inquiries to retrieve the articles and information most relevant to their request. The optimal search technology will be useful in a variety of applications within the newspaper industry and the network.
 Other Telescan operated on-line networks in use, or development, include the American Institute of Architects AIAOnline (through its affiliate Telebuild, LC), the BPI Communications, L.P. Online Network (Billboard Magazine, The Hollywood Reporter and other publications), and the Knowledge Express system.
 "It is an important opportunity for Telescan to be associated with an organization renowned for its excellence," said David L. Brown, chairman and CEO of Telescan. Continuing he said, "Their 109 year history as the publication of record for the newspaper industry is a remarkable achievement. We are proud to participate with them on this project."
 In speaking about the agreement, Editor & Publisher's Manager of Special Publications D. Colin Phillips, said, "Telescan's advanced technology is the primary reason we chose to build the network with them. Their experience and technical expertise are key ingredients in the effort to build the kind of quality network that we envision."
 The Editor & Publisher Company, a 109-year-old company, publishes Editor & Publisher Magazine, a respected authority on the newspaper industry. The company also publishes directories pertaining to the industry and individual newspaper markets. Their principal offices are in New York.
 Telescan, Inc. (NASDAQ Bulletin Board: TSCN) designs, develops, and operates on-line database systems for private, corporate and institutional customers. The principal offices are in Houston.
 -0- 8/11/93
 /CONTACT: Richard Ames of Telescan, Inc., 800-324-8246 or 713-952-1060, or fax, 713-952-7138/
 (TSCN)


CO: Telescan, Inc.; Editor & Publisher Company ST: Texas, New York IN: CPR PUB SU:

SM -- NY040 -- 1608 08/11/93 10:55 EDT
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Publication:PR Newswire
Date:Aug 11, 1993
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