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.”