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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.
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
Vice President, Investor Relations of ProQuest