PRESS RELEASE — FOR IMMEDIATE RELEASE

Contact
Regina Black Lennox
Director of Philanthropy & Corporate Citizenship
Progressive Business Publications
376 Technology Drive
Malvern, PA 19355
610-854-6246

Date - April 23, 2009

Progressive Business Publications Announces Expansion of Satell International Social Entrepreneurship Program in its Second Year

Malvern, PA - Progressive Business Publications (www.pbp.com) announced a significant increase in the number of scholarships awarded this year to students participating in an innovative business-development program targeting poverty-stricken areas in Guatemala and Ecuador.

The Satell International Social Entrepreneurship Program provides scholarships to qualified students at the University of Connecticut School of Business. The program prepares young leaders to develop practical and sustainable business initiatives for needy villagers in both countries. It was first launched at UCONN last year, in partnership with Duke, Columbia and Notre Dame Universities.

Also through the efforts of Ed Satell, founder of Progressive Business Publications, the program was expanded for the first time this year to include Franklin & Marshall College in Lancaster, PA, where eight students will earn scholarships.

Called the Social Entrepreneur Corps, the students spend an intense, eight-week internship in country, helping to identify and develop practical business models that enable villagers to create and sustain jobs.

Ross Lewin, director of the UCONN initiative, said the program “exemplifies the school’s mission to develop global citizens. Our students are not only immersing themselves in Guatemalan culture, but tangibly improving the global common good by helping to bring products and services that lower their cost of living, make their homes safer and more efficient, and even put tools in their hands to expand their own enterprises.”

Satell said he was eager to repeat last year’s success, noting that students “came back transformed, excited to communicate the real impact they had on the lives of the Guatemalans. They lived the goal of social entrepreneurship, helping society and democracy by providing a means for people to earn independence and dignity by earning an income.”

Franklin & Marshall Dean Kent Trachte said his school “looks forward to sending our first group of students to Ecuador. The program represents experiential learning at its best. Students will learn through an incredible hands-on experience while their work will benefit the people of Ecuador.”

Progressive Business Publications, a leading diversified information and executive education company, is a recognized leader in supporting valuable nonprofit efforts through its Corporate Citizenship initiatives. PBP (www.pbp.com) serves hundreds of thousands of companies, including virtually all the Fortune 1000, with its product offerings. Some of those include PBP Executive Reports (http://pbpexecutivereports.com), Progressive Business Conferences (http://www.pbconferences.com/), HRMorning (http://hrmorning.com) and Progressive Gifts and Incentives (http://pgiproducts.com).

PRESS RELEASE - For Immediate Release

Contact
Rich Henson
Group Publisher
Progressive Business Publications (PBP)
376 Technology Drive
Malvern, PA 19355
610-865-6282

Date - March 26, 2009

Exclusive PBP Business Survey Shows Depth of Current Recession

MALVERN, PA – An exclusive survey of leading business professionals conducted by Progressive Business Publications (www.pbp.com) reveals the depth of the current economic recession among a broad range of companies in all industries and sizes.

PBP, a diversified business information provider, regularly surveys thousands of executives across the U.S. to take the pulse of how the economy is affecting the various professionals served by its paper and electronic newsletters, audio conferences, daily updated Web sites, Executive Reports, Compliance needs, Case Law Books and other business products.

The surveys are based on responses from 675 professionals and were compiled this week. Significant findings among the ranks of Sales Managers include:

• 65% or nearly two-thirds of Sales Managers report sales are down in the first two months of the year. Almost one-fifth (19.1%) of Sales Managers reported their sales down between 10% and 20%, and one-third (33.3%) reported sales were down 20% or more.
• The recession has created a dramatically increased focus on price with most buyers trying to extract every possible price concession; 48% of Sales Managers report that what they need most at this time is training to keep salespeople focused on value, not price.
• The recession has also made Sales Managers more pessimistic about the possibility of obtaining new customers in the present economic climate. The largest segment (42%) said they will focus most efforts to shore up revenues by trying to sell more to existing customers.

A second survey of Financial Executives indicates strong dissatisfaction with the cooperation they are getting from other departments within their own companies to identify and implement cost-saving measures. Many are also feeling a cash squeeze because their customers appear to be in trouble and have slowed down payments as a protective measure.

According to recent surveys among CFOs, Controllers and Credit and Collection Managers:

• More than half (57%) of top Finance Execs believe their companies still have a way to go before all employees become responsible spenders and treat the company’s money as their own.
• 48.4% felt what their companies needed most, apart from more responsible spending habits internally, was guidelines for what to do when good customers have problems.
• Next on the list of needed tools to combat cash flow problems (37%) was a list of effective comebacks for debtors’ excuses.

Office Managers and Administrative Professionals, who are most often at the hub of company spending, report seeing significant belt-tightening around them.

In a separate survey:

• More than half (53.1%) said they had seen layoffs in their organizations
• Almost 95% said the downturn had affected or will soon affect their organizations
• An overwhelming majority (81%) said they felt pressure to save money an all purchases, no matter how small.
• Solid majorities (between 53% and 69%) saw budgets tightened for such things as travel, continuing education, and meetings and events).

Perhaps more significantly, a solid majority (58%) of administrative professionals said they had seen more job-related stress among the remaining employees that was affecting personal and company performance.

Progressive Business Publications is a leading diversified information and executive education company that serves hundreds of thousands of companies, including virtually all the Fortune 1000, with its product offerings.

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.

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 - July 31, 2008

Progressive Business Publications, Proud Corporate Sponsor for Les Miserables at The Walnut Street Theatre, Announces That This Production is a Record Breaking Presentation!

PHILADELPHIA, Jul 31, 2008 — Progressive Business Publications (PBP) (www.pbp.com) is thrilled to sponsor the musical that broke all ticket sales in the history of the nation’s largest and most successful subscription theater. Les Miserables was an unqualified success for The Walnut Street Theatre (www.walnutstreettheatre.org). Progressive Business Publications, long-time supporter of the Spring musical series, is delighted with this accomplishment!

Ed Satell, Founder and CEO of PBP said: “We’ve always recognized that the Walnut is one of Philadelphia’s true treasures–an artistic gem as a producing theater, and one of the best run, most effective nonprofits in the Philadelphia region. The Walnut Street Theatre is an extraordinary venue which produces entertainment that appeals to old and young alike. We’re very proud of our support for and involvement with this remarkable cultural resource. And this year a terrific cast and a visionary director made Les Mis the not-to-be-missed show!”

Bernard Havard, Walnut President and Producing Artistic Director, stated: “Our association with PBP has been a winning association. We’ve benefited from the guidance and expertise of our Trustee, Ed Satell, as well as from the sponsorships of his company. In addition, over the years we’ve enjoyed getting to know PBP’s management, PBP’s people, and we’re always pleased that they anticipate and appreciate the Walnut’s presentations.”

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 - June 19, 2008

Progressive Business Publications’ New E-newsletter Division Targets Advertisers Marketing to Business Executives

PHILADELPHIA & MALVERN, Pa., Jun 19, 2008 — Progressive Business Publications (PBP) (www.pbp.com) announces the launch of PBP Media, a new division that connects advertisers with business decision makers.

Ed Satell, PBP Founder & CEO said “It’s an exciting step in our evolution as a leading diversified information and executive education company. We’re pleased to offer effective ways for our advertising partners to reach today’s busy executives.” Advertisers working with PBP Media benefit from exclusive e-newsletter sponsorship and highly targeted Web advertising. PBP Media’s e-newsletters already have more than 400,000 subscribers in Human Resources and Finance functions at leading companies across the U.S.

Executives choose from 12 free weekly b2b e-newsletters. Specialized Web sites provide in-depth reports and daily updates featuring PBP’s popular quick-read actionable format composed by PBP’s staff of expert writers. Marketing Director Dan Karleen states “B2b advertising dollars are shifting rapidly toward specialized communities with proven buying power, which is exactly what PBP Media’s audience represents.”

Progressive Business Publications is a private company founded in 1989 with a single publication. Today this diversified information provider has ten business units and is enjoying its 19th straight year of growth. Its b2b products are used by almost every major corporation in the nation. Tom Schubert, CFO, states “Our 19-year track record of providing business execs with timely, actionable information positions us favorably with advertisers looking to sell their products and services into this community.”

Advertisers can learn more by contacting Kristin Conran, Sales Director, at 1-610-854-6203.

PBP Media (http://www.pbpmedia.com) publishes 12 specialized websites for HR and Finance professionals featuring news and actionable advice updated daily. The HR Web sites targeting Vice Presidents of HR, HR Directors, and HR Managers include HR Morning (http://www.hrmorning.com) covering HR management; HR Tech News (http://www.hrtechnews.com), which covers technology developments in the human resources field; HR Benefits Alert (http://www.hrbenefitsalert.com) for benefits professionals; HR Recruiting Alert (http://www.hrrecruitingalert.com) featuring staffing and recruiting news; HR Legal News (http://www.hrlegalnews.com) for workplace employment law; and HR Blunders (http://www.hrblunders.com) which covers the lighter side of HR.

PBP Media’s Finance sites reaching CFOs, VPs of Finance, and Controllers, include CFO Daily News (http://www.cfodailynews.com) covering general finance management issues; Finance Tech News (http://www.financetechnews.com) for the latest software and tech news impacting Accounting and Finance; Finance Regs ( http://www.financeregs.com) covering compliance issues; Procurement Alert ( http://www.procurementalert.com) focusing on purchasing and supply chain; Health Finance News (http://www.healthfinancenews.com) covering the finance side of benefits administration; and CFO Snafu (http://www.cfosnafu.com) covering the humorous side of Finance and Accounting.

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 - May 15, 2008

Progressive Business Publications Announces the Establishment of the Satell International Social Entrepreneurship Program and the Satell Nonprofit Internship Program

PHILADELPHIA and MALVERN, PA – Progressive Business Publications (PBP) (www.pbp.com) now sponsors two innovative programs at the University of Connecticut.

The Satell International Social Entrepreneurship Program funds scholarships for an extraordinary eight-week internship in Guatemala, sponsored by the UCONN School of Business through the Social Entrepreneur Corps, a strategic alliance initiative of Columbia University, the University of Connecticut, the University of Notre Dame and Duke University. Students will develop business models and utilize funding grants to empower local businesses to create jobs. On their return to the U.S. they will participate in a University symposium to share their experiences.

“One of the most effective ways for students to help the poorer people of the world rise out of terrible poverty is through social entrepreneurship, including the development of micro-finance and micro-credit business opportunities,” said Ross Lewin, Ph.D., director of the study abroad program.

Ed Satell, founder & CEO of PBP, envisions the program as helping students focus on becoming conscious global citizens. “Each generation makes its own contribution, building on what was done by the previous generation. The most important of these contributions is the freedom and opportunity we inherited,” says Satell. “Students now have the opportunity to contribute in their own way to make the world a better place. The major purpose of social entrepreneurship is allowing people to have the dignity and independence that comes from earning an income. It advances society and advances democracy.”

The Satell Nonprofit Internship Program will support students working with nonprofit organizations or government agencies that address poverty and need. Ed Satell believes “Nonprofits fill a vital role in our world, improving the quality of life for all members of our society. Those students motivated to help society by having a career in the nonprofit sector need quality experiences.”

PBP is a recognized leader in supporting nonprofits through its corporate citizenship initiatives. The company was founded on the philosophy of building for the long run, understanding that business growth and corporate citizenship go together. As a diversified business information provider, PBP has ten business units and is enjoying its 18th straight year of growth. Its b2b products and services are used by executives at almost every major corporation in the nation.

Last month PBP launched another new division, PBP Media (www.pbpmedia.com). PBP Media provides business executives with specialized e-resources and information through a series of e-newsletters and micro-Websites. Advertisers seeking to reach these high-quality audiences will be able to sponsor product and service offerings in these information bulletins.

PBP’s culture of business excellence also makes a positive philanthropic impact in four ways – demonstrating a deep commitment to disadvantaged children; the regional community; higher education; and medical research. Ed Satell states: “We’re proud of our corporate citizenship, of all the projects we sponsor, and of our alliance with the University of Connecticut. Together we’re trying to help prepare tomorrow’s business and community leaders.”

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 - May 8, 2008

Progressive Business Publications Proudly Announces the Inaugural Executive Editorial & Marketing Intern Program

PHILADELPHIA and MALVERN, PA – Progressive Business Publications (PBP) (www.pbp.com) proudly announces the inception of an executive intern program for rising college seniors based at its corporate headquarters in Malvern. The program, with its slogan “Real jobs, real experience,” exposes successful students to cutting-edge business practices and allows them to work side-by-side with industry leaders. Progressive Business Publications was founded in 1989 with a single publication. Today this diversified information provider has nine business units and is enjoying its 18th straight year of growth. Its b2b products are used by executives at almost every major corporation in the nation.

Top students from St. Joseph’s University and Gettysburg College will hone their writing skills and cultivate customer-focused research skills under the supervision of Editorial Director Pieter VanBennekom, the former international correspondent and head of United Press International. In addition, they’ll develop Web communication strategies working with John Walston, head of PBP’s highly successful new product line, Executive Reports (www.pbpexecutivereports.com). PBP Executive Reports produces in-depth whitepapers on major and timely topics, such as Form I-9 new hire compliance, new rules for wellness programs, cold-call selling, 1099 reporting, OSHA’s new personal protective equipment (PPE) payment rule and others.

Promising students from the University of Delaware, Penn State and Drexel will work with PBP’s key marketing executives to expand their marketing analysis skills and product development strategies for b2b products.

Ed Satell, Founder and CEO, stated: “We’re always in the business of developing people, and we know culture and ethics count. We believe in giving these bright young people the opportunity to experience the empowerment of real accountability. They’ll have the chance to stretch their skills and discover their strengths in a fast-paced work environment.”

The interns will participate twice weekly in PBP’s “Traditions” orientation program, designed to acclimate them to the various business units and culture. Throughout their employment they will also work together on a group project and will present their ideas to PBP’s executives at the conclusion of the summer.

Tom Schubert, CFO, said: We’re delighted to launch our intern program. ”This is a true win/win opportunity for the students and PBP. Real jobs and real experience will make a real difference for these young people.”

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 - December 20, 2007

Progressive Business Publications Proudly Announces the 40th Corporate Anniversary for Executive Vice President Jim Brown

PHILADELPHIA and MALVERN, PA – Progressive Business Publications (PBP) (www.pbp.com) proudly announces that Jim Brown, Executive Vice President for Operations, is celebrating his 40th year with American Future Systems (AFS)/Progressive Business Publications. Jim was a founding member of parent company AFS, and has been an integral part of the PBP division’s 18 straight years of business growth.

In addition to his skills as a business leader, Jim is a dedicated father of three successful sons, and is a noted sports enthusiast. His commitment to developing youth baseball led to his induction in the Pennsylvania American Legion Sports Hall of Fame, and to his receipt of one of only two awards ever presented by the Lionville Youth Association. Jim’s son Curt “grew up” at AFS/PBP, graduated from law school, and currently serves as Group Publisher of the Center for Education and Employment Law division (www.ceelonline.com).

Ed Satell, Founder and CEO, stated: “Jim Brown is the model for our core values – high performance, accountability, teamwork, commitment, leadership, pragmatism, fairness and motivation. His concentration on making PBP’s product delivery system has been unflagging. Jim’s the best in the industry.”

The Progressive Business Publications division of AFS was founded in 1989 with a single publication. Today this diversified information provider has nine business units and is enjoying its 18th straight year of growth. Its b2b products are used by executives at almost every major corporation in the nation. This year PBP launched a highly successful new product line, Executive Reports (www.pbpexecutivereports.com), in-depth white papers on major and timely topics such as Form I-9 new hire compliance, new rules for wellness programs, cold-call selling, 1099s, OSHA’s new personal protective equipment (PPE) payment rule and others.

Tom Schubert, CFO, said: “Thanks to our exceptional people like Jim, we’ve grown as a values-driven, non-bureaucratic organization that attracts and empowers talented professionals. We’re proud that many of our people have been with our company for 10 or more years – but Jim holds the record. He’s a great example of the enviable record of longevity and loyalty among the company’s key people. He is also a model of the company’s dedication to giving back to the community and encouraging all its employees to do the same.”

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 - November 28, 2007

Progressive Business Publications hosts its 14th Annual Editorial Conference

PHILADELPHIA and MALVERN, PA – Progressive Business Publications (PBP) (www.pbp.com) just concluded its 14th annual Editorial Conference at the Desmond Business Center with a call to embrace change — a vital concept at a time when the media industry is losing customers while PBP continues to expand with its growing online business. PBP’s annual Editorial Conference offered a unique, focused opportunity to discover the latest techniques to serve its hundreds of thousands of business customers in ways that make it easier for them to absorb the content they need to do their jobs better.

Keynote speaker Dr. Steve Treat, national media consultant and CEO of the Council for Relationship, presented a dynamic call to action on how to effectively handle the challenge of change in today’s society, and especially in the information industry, to more than 100 PBP Editors, Product Marketers, Audio Conference Producers and corporate leaders.

Another highlight of the two-day 2007 conference themed “The PBP Advantage” was the presentation of the first annual Editorial Excellence Awards for increasing annual market acceptance of one of PBP’s specialized information products (recipient: Environmental Compliance Alert Editor-in-Chief Tom Guay) and for the embodiment of the company’s core values such as service to readers (recipient: Center for Education and Employment Law Group Publisher Curt Brown).

This year comprehensive division reports included updates on PBP’s very successful newest product line, Executive Reports (www.pbpexecutivereports.com), in-depth white papers on major and timely topics such as Form I-9 new hire compliance, new rules for wellness programs, the latest techniques in cold-call selling, OSHA’s new personal protective equipment payment rule and others.

Conference participants sought to improve their cutting-edge skills through 11 seminars focused on innovative techniques to package crucial information for business executives. Ed Satell, PBP founder and CEO, stated: “Our annual conference serves a vital purpose, helping our people gain a new skill or enhance an existing strength to both participate in and drive the company’s growth. Best of all, our in-house experts share their latest and greatest strategies for the delivery of must-have business information.”

Editorial Director Pieter VanBennekom, a former President & CEO of United Press International (UPI) and former foreign correspondent, believes the annual Editorial conference is unique in the specialized business and information industry and is crucial to keep PBP’s editors ahead of the pack concerning on-line trends and opportunities.

Progressive Business Publications is a private company founded in 1989 with a single publication. Today this diversified information provider has nine business units and is enjoying its 18th straight year of growth. Its b2b products are used by executives at almost every major corporation in the nation. Tom Schubert, PBP CFO, states: “We’re a values-driven, high performance, non-bureaucratic organization that attracts and empowers talented professionals because we offer a collegial atmosphere where we appreciate our people and their contributions. We’re proud to sponsor developmental opportunities like our annual Editorial Conference.”

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 - October 1, 2007

Progressive Business Publications Mentor Program with Cook Wissahickon School Sets New Record in its 10th Anniversary

Philadelphia and Malvern, PA — Progressive Business Publications (PBP) (www.pbp.com) announced today that 40 employees, a new record for participation, are currently serving as Mentors at Cook Wissahickon (CW) elementary school in Philadelphia.

As a Mentor, employees engage in educational and social activities with their individual Mentee during company work hours. Mentors provide a stable, positive adult influence in the lives of the Mentees. Mentors make a significant time commitment, as they generally meet with their Mentee every two weeks. Monthly, Mentees will visit PBP Corporate Headquarters for several hours. During the other two-week cycle, Mentors travel to the CW campus to meet with their Mentee.

In addition, Mentees also enjoy holiday celebrations, an annual theater trip / luncheon, and other special celebrations with their Mentors. On a humorous note, last year alone 128 large pizzas were consumed by CW students in the PBP Mentor Program.

Ed Satell, PBP Founder & CEO said: “We developed the program ten years ago in response to General Colin Powell’s “America’s Promise” challenge to businesses. The General’s belief was that effective mentoring can make a critical difference in the life of a child – by having an adult they can count on.”

Satell goes on to state: “We tried to take this concept even further – and for 10 years PBP has sponsored a safe structured After School Program for CW. We know that everything learned between 9 a.m. and 3 p.m. can be lost between 3 p.m. and 6 p.m. This program provides homework help, sports programs, snacks and games all in an upbeat, well-supervised atmosphere. Parents have told us this program has been a lifesaver. Two years ago, we supplemented this with a Before School Program to help kids and parents get the day off to the right start. Our ten-year support for CW is one prong of our extensive corporate citizenship. We’re proud our employees value this opportunity to serve the community.”

Meredith Syles, School Counselor and Director of the Mentor Program at CW commented: “PBP opens the closed doors in our students’ lives. As a school we are so thankful to have PBP in our community.”

Progressive Business Publications is a private company founded in 1989 with a single publication. Today this diversified information provider has nine business units and is enjoying its 18th straight year of growth. Its b2b products are used by executives at almost every major corporation in the nation. Tom Schubert PBP CFO states: “We’re a values-driven, high performance, non-bureaucratic organization that attracts and empowers talented professionals because we offer a collegial atmosphere where we appreciate our people and their contributions. We’re proud to give back to our community and are especially happy that our people live our core values and choose to volunteer in our Mentor Program each year.”

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 - August 16, 2007

Progressive Business Publications (PBP) Annual College Scholarship Presentations for Children of Employees

Malvern, PA — Progressive Business Publications (www.pbp.com) announced today the presentation of its 2007 College Scholarships for Children of Employees, scheduled for August 23. All children of full time employees receive a college scholarship for five years. This year, 11 students, children of PBP employees will each received a $2,500 scholarship for their higher education costs. The presentation ceremony will take place during the quarterly Employee Appreciation Celebration at corporate headquarters in Malvern.

Ed Satell, Founder & CEO said “We developed the program several years ago to aid parents in fulfilling their dreams — helping their children get a great education and a rewarding career. I’m delighted to say that each child of every full-time employee receives this generous annual scholarship for up to five years. This is one prong in our approach to both support education and enrich our employees and their families.”

To be eligible, students are required to attend a full time, four-year institution and maintain passing grades. Educational Institutions attended by this year’s recipients include Penn State, Jefferson University School of Medicine, the University of Pittsburgh, Franklin & Marshall College, Shippensburg University, Hood College, West Chester University, DeSales College and Kutztown University.

Progressive Business Publications is a private company founded in 1989 with a single publication. Today this diversified information provider has nine business units and is enjoying its 18th straight year of growth. Its b2b products are used by almost every major corporation in the nation. Tom Schubert CFO states “We’re a values-driven, high performance, non-bureaucratic organization that attracts and empowers talented professionals because we offer a collegial atmosphere where we appreciate our people and their contributions. We’re proud of our Scholarship Program and the number of employees who participate each year.”