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Network Communications, Inc. Acquires Kansas City New Homes Journal

Posted on: Tuesday, 9 May 2006, 12:03 CDT

Network Communications, Inc. (NCI), the leading publisher and provider of printed and online real estate information and advertising in North America, today announced the acquisition of Kansas City New Homes Journal from Communix Publishing, LLC. The Kansas City New Homes Journal is a leading publication of new home information for the Kansas City market.

The acquired Kansas City New Homes Journal will be incorporated into NCI's New Home Group Division, which includes new home guides in ten markets across the United States primarily under the New Home Finder brand. New Home Finder is a high-quality publication that provides new home builders with the most cost-effective means of marketing their new homes to prospective home buyers. In addition to the New Home Finder publications, NCI operates NewHomeFinder.net, a leading website for people searching for new homes.

"We are excited to be bringing this quality publication into NCI," said Scott Dixon, President of NCI's Real Estate Division. "The acquisition of Kansas City New Homes Journal continues our growth strategy as it expands our geographic footprint in the new home guide market."

About Network Communications, Inc.

Network Communications, Inc. is the leading publisher of printed and online real estate information in North America. The company was acquired by Citigroup Venture Capital Equity Partners in January of 2005. Its magazines are read by over 12 million readers in over 500 markets and deliver more than one million leads to advertisers each month. Network Communications' assets, The Real Estate Book(R), Apartment Finder / Blue Book(TM), Mature Living Choices(R), CorporateChoices.com(R), Black's Guide(R), New Home Finder(R), Enclave(TM), Unique Homes(TM), Kansas City Homes & Gardens(TM), Atlanta Homes & Lifestyles, Atlanta Home Improvement, At Home In Arkansas, Relocating in Las Vegas, Colorado Homes & Lifestyles, St. Louis Homes & Lifestyles, Seattle Homes & Lifestyles, and Mountain Living, include publications that millions of readers around the country turn to when looking for the latest information about the real estate and home design markets. Online magazine content can be accessed at www.livingchoices.com.

Source: Business Wire

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