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| We are pleased to announce the acquisition of GGS Book Services by PreMedia Global USA Inc. This acquisition creates a market leader offering publishers a powerful combination of services and capabilities, unmatched resources, and deep expertise. |
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| GGS represents the perfect addition to the PreMedia umbrella. Joining Pre-PressPMG and BeaconPMG, GGS will provide a more extensive range of development and design services, additional U.S. and offshore production capacity, and a broader mix of discipline expertise. With vast experience in both PreK–12 and Higher Education, GGS complements PreMedia’s existing services and provides it with new opportunities throughout the entire educational publishing market. The combined entity will have nearly 1,000 employees worldwide with seven locations in the U.S. and two in Chennai, India. |
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| Although the two companies will continue to operate independently for a number of months, integration plans are underway with a task force consisting of senior executives from both companies currently working to finalize a blueprint for full integration and future expansion. |
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| For further information, please contact Rick Vayo or Mark Shoemaker. |
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