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Weekly News Digest

July 31, 2000 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITIís Twitter account: @ITINewsBreaks.

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Bell & Howell Launches New Education Division and Reports 2Q Earnings

Bell & Howell Co. (http://www.bellhowell.com) has announced a new education division, XanEdu, with its core services and products focused exclusively on higher-education courses, and officially launched its new Web site (http://www.xanedu.com). The new unit is charged with operating "with entrepreneurial speed, flexibility, and market responsiveness to deliver premium curriculum content and breakthrough CourseWare products to students and educators, anytime, anywhere." The Web site not only serves as the company's primary marketing vehicle, but also as the gateway to the rapidly expanding collection of unique online content and services XanEdu offers.

James Roemer, Bell & Howell chairman, president, and CEO, said: "The development of our new Internet products, such as CoursePacks, CasePacks, and the Research Engines, are our first move into the higher education curriculum space. By leveraging and focusing the assets we have in ProQuest to surround university instructional materials, we are delivering unparalleled products and services to individual instructors and students."

The company also announced its second-quarter earnings of 20 cents per share, versus 18 cents last year, on net sales of $95 million, showing an 8-percent increase from a year earlier. The Information and Learning Division (formerly UMI) was the leading performer, reporting sales growth of 20 percent, while other operating divisions of the company lagged.

Source: Bell & Howell



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