October 25, 2007
EMC Publishing, LLC Announces Acquisition of Lawrenceville Press, Inc.
ST. PAUL, Minn., Oct. 25 /PRNewswire/ -- EMC Publishing, LLC ("EMC"), an independent educational publisher, today announced it had acquired Lawrenceville Press, Inc. ("LVP" or the "Company"), a Pennington, NJ-based developer and publisher of computer applications and programming textbooks for the U.S. and Canadian school market. Terms of the transaction were not disclosed.
LVP publishes educational and teacher-resource materials covering computer applications and programming. The Company was founded in 1981 by Bruce Presley, a former teacher and administrator at The Lawrenceville School in Lawrenceville, NJ. Mr. Presley was a member of the founding committee of the Advanced Placement Computer Science examination, and was a consultant to the College Entrance Examination Board. Up until the time of the transaction Presley served as the President of the Company. He is now forming a commercial photography business, Downtown Loft Studio, Inc., for which he will serve as President.Over the course of the last five years, LVP has released nine new titles, including "A Guide to Microsoft Office 2007" and "A Guide to Programming in Java, 2nd Edition" in 2007. "In their 26-year history, Bruce Presley and his employees have built a valuable set of computer education products and a have established a well-respected position in the secondary school market," said Steve VanThournout, Chief Executive Officer of Wicks Educational Publishing LLC, parent of EMC. "The LVP products have been adopted in districts, states, and provinces throughout the US and Canada, confirming both their quality and effectiveness. We're excited about the growth potential through the EMC sales organization."
Bruce Presley added, "I am convinced that the Company has found an excellent new home. The products will flourish under the guidance of Steve and his team at EMC."
Eugene Simonoff & Associates, Inc. represented EMC in the transaction and Golenbock Eisman Assor Bell & Peskoe LLP served as counsel for EMC.
About EMC Publishing, LLC
EMC Publishing, LLC develops and publishes print and electronic educational materials for the K-12 market. Subjects covered include world languages, literature and language arts. EMC's sister companies, Paradigm Publishing, Inc. and JIST Publishing, Inc. develop and publish educational materials primarily for the post-secondary school markets in subjects such as business education, computer science, allied health and career reference. A description of the Company's products can be found online at http://www.emcp.com/.
EMC Publishing, LLC, Paradigm Publishing, Inc. and JIST Publishing, Inc. are subsidiaries of Wicks Educational Publishing LLC, an affiliate of The Wicks Group of Companies, L.L.C. (http://www.wicksgroup.com/), a New York-based private equity firm that invests in selected segments of the communications, information and media industries.
EMC Publishing, LLC
CONTACT: Steve VanThournout, CEO of Wicks Educational Publishing LLC,+1-651-215-7600; or Craig Klosk, Managing Partner of The Wicks Group ofCompanies, L.L.C., +1-212-838-2100
Web site: http://www.emcp.com/http://www.wicksgroup.com/