PRESS RELEASE - For Immediate Release

Contact
Regina Black Lennox
Director of Philanthropy & Corporate Citizenship
Progressive Business Publications (PBP)
376 Technology Drive
Malvern, PA 19355
610-865-6246

Date - March 5, 2009

Progressive Business Publications Proudly Announces Its New Chief Operating Officer, Tom Schubert of West Chester, PA

Philadelphia and Malvern, PA — Progressive Business Publications (PBP) (www.pbp.com) is pleased to announce that Tom Schubert, PBP’s CFO for the past nine years of remarkable business growth, has additionally been named COO, a new leadership position.

PBP is a leading diversified information and executive education company, whose mission is to help executives do their job better. PBP is a “Built-to-Last” company that had achieved 18 straight years of growth and in 2008 performed just below record levels when most companies were down 30% plus. The company’s growth track record for the past seven years has been fueled by launching 9 successful start-up businesses and making one acquisition. PBP currently has well over 150,000 B2B customers, including virtually all of the Fortune 1000.

Tom’s goals as COO include ensuring PBP continues to live its values and remains a values-based workplace. He will also lead key people in executing and contributing to growth strategies and focus on driving profitable growth. Another of Tom’s key objectives is to make sure the company continues to recruit and retain great people who are committed to excellence.

Ed Satell, PBP’s Founder and CEO, stated: “Tom’s leadership, ability to develop our people and strategic thinking skills make him a tremendous asset for our company. I feel sure PBP will continue to thrive with Tom as our COO.”

In addition to his business leadership, Tom is a strong contributor to PBP’s extensive corporate citizenship programs. He has been a Mentor for disadvantaged children at PBP’s highly successful adopted school, Cook Wissahickon Elementary, for the past nine years, has served on numerous nonprofit event committees, and consistently supports PBP’s employees as they participate in the corporate commitment to giving back to the region.

Prior to PBP, Tom was the founding SVP & CFO of NovaCare Employee Services (NCES). During his three years with NCES, Mr. Schubert helped lead the company’s successful IPO stock offering 14 months after NCES was formed, made several significant acquisitions and ultimately helped sell NCES to Fidelity Investments.

From 1991 to 1997, Tom was with Chemical Leaman Corporation, where he rose to VP of Finance and helped double the company’s revenue to $350 million while quadrupling its profits. Tom began his career with Ernst & Young, where from 1984 to 1990, he rose to Manager.

Tom attended Drexel University on an athletic scholarship where he was a member of Drexel’s ECC Championship soccer team and captain of the swimming and diving team. Tom graduated with honors in 1984 and was President of Beta Alpha Psi his senior year.

He currently serves on the Executive Committee Boards for Delaware Valley Junior Achievement and the Wedgewood Club. He also serves on Drexel University’s MBA Advisory Council and has previously served as past Board President for both the Institute of Management Accountants and the St. James Alumni Association.

Tom and his wife Judy live in West Chester with their two teenage daughters. His interests outside of work include playing golf, running and attending his daughters sporting events.