The Nation's Top Names in Reference - World Almanac, Facts On File News Services, and Funk & Wagnalls - Combine Forces in New York City

Apr 12, 2001, 01:00 ET from World Almanac Education Group, Inc.

    NEW YORK, April 12 /PRNewswire/ -- Three of the greatest names in U.S.
 reference publishing combined forces today when the staffs of World Almanac
 Books, Facts On File News Services, and Funk & Wagnalls Encyclopedia opened
 the new offices of the World Almanac Education Group at Seventh Avenue and
 38th Street in New York City. The floor above the publishers houses the new
 corporate headquarters of their parent company, WRC Media.
     "These three operations have more than 300 years experience in reference
 and educational publishing, and in the last year integration of their content
 has created one of the world's top on-line reference databases, FACTS.com,"
 said Al De Seta, President of World Almanac Education Group. "Bringing the
 excellent and experienced staffs of these publications together in New York
 allows us to draw upon some of the most powerful and authoritative reference
 expertise in the world and deliver the highest quality content to our
 customers."
     The World Almanac is the world's biggest selling annual reference book,
 and it can be found in schools, libraries, offices, media outlets, and homes
 throughout the country; Funk & Wagnalls Encyclopedia has roots in the 19th
 Century, and for over 125 years it has brought a world of learning to American
 families; Facts On File News Services has published 3,000 issues of its
 authoritative Facts On File Weekly World News Digest for schools, libraries
 and media companies since 1940. When respected trade publication Library
 Journal asked a panel of librarians to pick "The 50 Sources for the
 Millennium," The World Almanac ranked second, Facts On File ranked 12th.
     World Almanac Books, Facts On File News Services, and Funk & Wagnalls
 Encyclopedia are published by World Almanac Education group. World Almanac
 Education Group also includes Gareth Stevens, which publishes books for
 elementary schools, and World Almanac Education Library Services, whose
 catalogs deliver quality juvenile books to school and public libraries
 nationwide.
     The perennially best-selling World Almanac And Book Of Facts has been
 joined on bestseller lists in recent years by its juvenile companion volume,
 The World Almanac For Kids. Since 2000, an integrated version of the World
 Almanac Education Group databases has been available via Internet subscription
 at the award-winning FACTS.com site. Over the next 12 months, FACTS.com will
 put on-line the entire 60-years of the Facts On File Weekly World News Digest.
 
     WRC Media Inc. (http://www.wrcmedia.com), a publishing and media company,
 creates and distributes innovative quality supplementary educational materials
 for use in schools, technology software, testing materials, reference products
 and teacher materials, and appropriate products for the home and library
 market. According to Educational Marketer, WRC Media was the nation's largest
 supplementary materials publisher for 1999. WRC Media Inc has four principal
 operating subsidiaries.
     CompassLearning, Inc. is a leading provider of electronically delivered
 instruction and assessment with over 7,000 hours of instruction and an
 installed base of over 20,000 schools.
     Weekly Reader Corporation publishes Weekly Reader periodicals serving over
 7 million school children. It also publishes other branded periodicals and
 instructional materials, including Teen Newsweek, published for middle and
 high school students.
     World Almanac Education Group, Inc. publishes the World Almanac and World
 Almanac for Kids, Facts On File news periodicals and Internet services, Gareth
 Stevens books and the Funk & Wagnalls encyclopedia. The company distributes
 high quality books to schools and libraries through its Library Services
 division.
     American Guidance Service, Inc. is a leader in leader in producing highly
 reliable and valid behavior, ability, achievement, and speech-language
 instruments, and publishes a variety of high-interest, low-reading-level
 textbooks for middle and high school students.
 
     Information in this press release contains forward-looking statements,
 including statements regarding our expectations, beliefs, intentions or
 strategies that involve a number of risks, uncertainties, and assumptions.
 Should any of the risks or uncertainties develop into actual events, or our
 assumptions prove to be inaccurate, actual outcomes and results could differ
 materially from what is expressed in such forward-looking statements and these
 developments or inaccuracies could materially and adversely affect our
 business, financial condition and results of operations. Risks and
 uncertainties relating to WRC Media's and its subsidiaries' businesses are set
 forth in the documents and reports filed from time to time with the Securities
 and Exchange Commission.
 
 

SOURCE World Almanac Education Group, Inc.
    NEW YORK, April 12 /PRNewswire/ -- Three of the greatest names in U.S.
 reference publishing combined forces today when the staffs of World Almanac
 Books, Facts On File News Services, and Funk & Wagnalls Encyclopedia opened
 the new offices of the World Almanac Education Group at Seventh Avenue and
 38th Street in New York City. The floor above the publishers houses the new
 corporate headquarters of their parent company, WRC Media.
     "These three operations have more than 300 years experience in reference
 and educational publishing, and in the last year integration of their content
 has created one of the world's top on-line reference databases, FACTS.com,"
 said Al De Seta, President of World Almanac Education Group. "Bringing the
 excellent and experienced staffs of these publications together in New York
 allows us to draw upon some of the most powerful and authoritative reference
 expertise in the world and deliver the highest quality content to our
 customers."
     The World Almanac is the world's biggest selling annual reference book,
 and it can be found in schools, libraries, offices, media outlets, and homes
 throughout the country; Funk & Wagnalls Encyclopedia has roots in the 19th
 Century, and for over 125 years it has brought a world of learning to American
 families; Facts On File News Services has published 3,000 issues of its
 authoritative Facts On File Weekly World News Digest for schools, libraries
 and media companies since 1940. When respected trade publication Library
 Journal asked a panel of librarians to pick "The 50 Sources for the
 Millennium," The World Almanac ranked second, Facts On File ranked 12th.
     World Almanac Books, Facts On File News Services, and Funk & Wagnalls
 Encyclopedia are published by World Almanac Education group. World Almanac
 Education Group also includes Gareth Stevens, which publishes books for
 elementary schools, and World Almanac Education Library Services, whose
 catalogs deliver quality juvenile books to school and public libraries
 nationwide.
     The perennially best-selling World Almanac And Book Of Facts has been
 joined on bestseller lists in recent years by its juvenile companion volume,
 The World Almanac For Kids. Since 2000, an integrated version of the World
 Almanac Education Group databases has been available via Internet subscription
 at the award-winning FACTS.com site. Over the next 12 months, FACTS.com will
 put on-line the entire 60-years of the Facts On File Weekly World News Digest.
 
     WRC Media Inc. (http://www.wrcmedia.com), a publishing and media company,
 creates and distributes innovative quality supplementary educational materials
 for use in schools, technology software, testing materials, reference products
 and teacher materials, and appropriate products for the home and library
 market. According to Educational Marketer, WRC Media was the nation's largest
 supplementary materials publisher for 1999. WRC Media Inc has four principal
 operating subsidiaries.
     CompassLearning, Inc. is a leading provider of electronically delivered
 instruction and assessment with over 7,000 hours of instruction and an
 installed base of over 20,000 schools.
     Weekly Reader Corporation publishes Weekly Reader periodicals serving over
 7 million school children. It also publishes other branded periodicals and
 instructional materials, including Teen Newsweek, published for middle and
 high school students.
     World Almanac Education Group, Inc. publishes the World Almanac and World
 Almanac for Kids, Facts On File news periodicals and Internet services, Gareth
 Stevens books and the Funk & Wagnalls encyclopedia. The company distributes
 high quality books to schools and libraries through its Library Services
 division.
     American Guidance Service, Inc. is a leader in leader in producing highly
 reliable and valid behavior, ability, achievement, and speech-language
 instruments, and publishes a variety of high-interest, low-reading-level
 textbooks for middle and high school students.
 
     Information in this press release contains forward-looking statements,
 including statements regarding our expectations, beliefs, intentions or
 strategies that involve a number of risks, uncertainties, and assumptions.
 Should any of the risks or uncertainties develop into actual events, or our
 assumptions prove to be inaccurate, actual outcomes and results could differ
 materially from what is expressed in such forward-looking statements and these
 developments or inaccuracies could materially and adversely affect our
 business, financial condition and results of operations. Risks and
 uncertainties relating to WRC Media's and its subsidiaries' businesses are set
 forth in the documents and reports filed from time to time with the Securities
 and Exchange Commission.
 
 SOURCE  World Almanac Education Group, Inc.