PennWell continues investment in technology research with acquisition of Strategies Unlimited

Aug. 3, 2001--PennWell is building its Advanced Technology Division to serve the global electronics, communications and information technology markets with publications, and authoritative research and analysis.

PennWell Corporation, a global media and information company and publisher of Lightwave and Integrated Communications Design magazines, announced it has acquired market research and management consulting firm Strategies Unlimited. Strategies Unlimited specializes in technologies such as optical networks, optoelectronic components, wireless communications, compound semiconductors and photovoltaics. Strategies Unlimited will operate as a subsidiary within the PennWell Advanced Technology Division.

PennWell is building its Advanced Technology Division to serve the global electronics, communications and information technology markets. Adding to its array of 22 publications, it has been building a market research capability, starting with the acquisition of KMI Corporation in 1999.

"We are pleased and fortunate to have Strategies Unlimited become part of Pennwell's Advanced Technology Division," said Dave Janoff, PennWell Vice President and the new President of Strategies Unlimited. "Strategies Unlimited has earned a reputation for identifying the critical commercial issues for emerging technical products and accurately forecasting their market potential," he commented.

In addition to the combined knowledge in optical communications brought by Strategies Unlimited and KMI, the Strategies Unlimited wireless and photovoltaic practices will add to PennWell's growth potential. PennWell will also benefit from the strong Strategies Unlimited presence in the heart of Silicon Valley.

Strategies Unlimited has built strong relationships in the industries it serves, giving it exceptional insight into emerging technology and market trends. In addition, PennWell's expertise in conferences and exhibitions will support the upcoming Strategies Unlimited conferences on Optical Amplifiers and Solar Electric Building.

About PennWell Corporation:

PennWell is a highly diversified media and information company providing 55 authoritative print and online publications, 45 conferences and exhibitions, research, databases, Internet-based services and other information products to strategic global markets. For more information, visit www.pennwell.com, www.light-wave.com or www.icdmag.com.

About Strategies Unlimited:

Founded in 1979, Strategies Unlimited publishes market research reports, custom studies and newsletters, consults and conducts conferences on optical networks, optoelectronic components, wireless communications, compound semiconductors and photovoltaics. For more information, visit www.strategies-u.com.

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