lts Lois LawWatchTm provides personalized, intelligent search agents that automatically and continuously search the Loislaw website and notifies subscribers when new documents match their search criteria. In addition, Loislaw's GlobalCitesm allows a user to scan all Loislaw databases to find documents that have cited the document the user is viewing. Also, the company provides Loislawschool.com to faculty and students in 95% of the American Bar Association accredited law schools.
"The acquisition of Loislaw shows that Wolters Kluwer is determined to further enhance its online position in the United States as a leading publisher of legal information", says Hugh J. Yarrington, Member of the Executive Board of Wolters Kiuwer nv responsibie for Wolters Kluwer North America. Loislaw will strengthen our ability to move rapidly ahead with online delivery of our existing proprietary content and productivity tools for legal professionals.
"The integration of Loislaw into Aspen will create a true win-win situation: Aspen's extensive line of analytical materials, combined with Loislaw's source data will allow for valuabie lnternet applications that will bring even greater value to the attorney, corporatie and education markets", he added. "And the advantages of Aspen's effective marketing capabilities will strongly lift the sales of Loislaw. In the foreseeable future, Loislaw will reach margins in line with those of Wolters Kluwer nv generally. We expect that the transaction will be cash EPS enhancing in 2002."
Aspen Publishers, lnc., which has annual saies of approximately USD 150 million, serves the needs of legal, business, and health care professionals with timely books, periodicals, and information services by leading authorities. Today, Aspen publishes more than 400 journals, newsletters, electronic products, and loose leaf reference manuals and has more than 1,000 books in print.
Note for the editor:
Wolters Kluwer is a multinational information services company with annual sales of more than EUR 3 billion, employing approximately 19,000 people in Europe, North America and Asia Pacific. The company's core activities are Legal, Tax & Business, International Health & Science and Education. The Wolters Kluwer shares are quoted on the Euronext Amsterdam.
lnternet:
www.wolterskluwer.com
www.wolterskluwer.com
www.loislaw.com
www.aspenpublishers-com
For more information, please contact:
Press: Patrick Hendriks, tel. +31 20 6070 450
Analysts/investors: Annie Hull-Bom, tel. +31 20 6070 407
Wolters Kluwer nv
P.O. Box 75248
1070 AE Amsterdam
the Netherlands
P.O. Box 75248
1070 AE Amsterdam
the Netherlands