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ProQuest Announces Appointment of Alfred De Seta As President, ProQuest Education
ANN ARBOR, Mich., Feb 12, 2003 /PRNewswire-FirstCall via COMTEX/ -- ProQuest Company (NYSE: PQE), a leading provider of information solutions and content to the library, education, automotive and powersports markets, announced the appointment of Alfred De Seta to the position of president, ProQuest Education, reporting to Alan Aldworth, president and chief executive officer.

Mr. De Seta has extensive experience leading and profitably growing educational publishing businesses. He served as group president at WRC Media Inc. and senior vice president at Primedia Inc., where he was president and CEO of the Primedia Reference division. There, he managed divisions such as World Almanac, Weekly Reader, Facts On File News Services and Gareth Stevens Publishing. While at Primedia and WRC Media, he led acquisitions, oversaw the launch of important new products, and presided over rapid division growth.

In his new role, De Seta will be responsible for the growth and expansion of the ProQuest Education unit in both the higher education and K-12 markets. First announced in October 2002, this new unit within the ProQuest Information and Learning segment will serve educators and further publishing partnerships worldwide. XanEdu, the primary business unit within ProQuest Education, will report to De Seta. "Our initiatives in the higher education and K-12 markets present substantial long-term opportunity for ProQuest Company," said Alan Aldworth. "We are very pleased to have Al joining us."

"I am thrilled with the opportunity to work with Alan and the rest of the ProQuest team to build a world-class education business. ProQuest already has a meaningful presence in the higher education space with the highly acclaimed and rapidly growing XanEdu offering," De Seta said. "I look forward to helping expand XanEdu's penetration while at the same time creating and acquiring new businesses in both the K-12 and college markets."

Mr. De Seta holds an MBA from the Leonard N. Stern School of Business at New York University. He also holds Bachelor of Science and Master of Science degrees in Electrical Engineering from the New Jersey Institute of Technology where he currently serves on the advisory board for the college of engineering.

About ProQuest Company

ProQuest Company (NYSE: PQE) is based in Ann Arbor, Mich., and is a leading provider of value-added information and content to the library, education, automotive and powersports industries. We provide products and services to our customers through two business segments: Information & Learning and Business Solutions. Through our Information & Learning segment, which primarily serves the library and education markets, we aggregate and publish value-added content from a wide range of sources including newspapers, periodicals and books. Our Business Solutions segment is primarily engaged in the delivery in electronic form of comprehensive parts information to the automotive market. It also provides dealers in the powersports (motorcycle, marine, and RV) markets with management systems that enable them to manage their inventory, customer service and other aspects of their businesses.

Forward-Looking Statements

Some of the statements contained herein constitute forward-looking statements. These statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our or our markets' actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. These risks and other factors you should specifically consider include, among other things, the company's ability to successfully integrate acquisitions and reduce costs, global economic conditions, product demand, financial market performance, and other risks listed under "Risk Factors" in our regular filings with the Securities and Exchange Commission. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "continue," "projects," "intends" or the negative of such terms or other comparable terminology. These statements are only predictions. Actual events or results may differ materially.

SOURCE ProQuest Company

CONTACT:
Mark Trinske
Vice President, Investor Relations of ProQuest Company
734-997-4910
mark.trinske@proquest.com

 
 
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