Complimentary and Confidential Business Valuation

Whitestone Communications has the best knowledge-base in the publishing, information and training industries for providing valuations. This knowledge-base is derived from Whitestone's publication of its annual reference, Who's Buying Whom. This report tracks every acquisition and divestiture, a total of some 1,500 deals per year, making Who's Buying Whom the most complete report of its kind for the industries covered. What's more, the database is organized to provide:

• Number of acquisitions by major company
• The specific deals done by each major company, such as Thomson Corporation, Wolters Kluwer, Time Warner
• Valuation multiples on transactions — Whitestone has revenue and profit multiples paid for hundreds of deals to use as comparables in determining your valuation
• Transactions by segment, such as trade magazines, consumer magazines, education/reference publishing, and business/legal publishing

Whitestone can promptly and confidentially provide you a valuation on a business, division, or product line. For your complimentary valuation on a highly confidential basis, please contact Whitestone President Baran Rosen at 212 957-7100, ext. 209. Or you may email him at .