ENGLEWOOD, CO -- July 7, 1992, Michael J. Timbers, President and CEO of IHS Group Inc., today announced the acquisition of Federal Databases Inc., (FD Inc.), a two-year-old company based in Washington, D.C. The company provides a line of CD-ROM products for the food and drug and health care industries. Products include FDA-On CD-ROM, Medical Devices-On CDROM, and HCFA-On CD-ROM, which consolidate the laws, regulations, manuals, handbooks, policies and procedures relevant to food and drug processing, medical device manufacturing, and Medicare reimbursement. "This acquisition complements our existing product lines. It not only broadens our offerings to our current customers but also facilitates our entry into new markets," Timbers noted. "Specifically, the acquisition of FD Inc. allows IHS to offer a number of new products containing regulatory databases for markets regulated by the Food and Drug Administration and the Health Care Financing Administration." The new company will become part of the IHS Publications and Regulatory Products Group, headed by J. Edward McEntire, President, and will report to IHS Regulatory Products, headed by Michael McCrory, Vice President. "There is a tremendous amount of regulatory activity in these markets." McCrory stated. "Proposed food labeling laws, pharmaceutical regulation, increased scrutiny of medical devices, and decreases in Medicare reimbursement levels are just some of the compliance issues that must be addressed. We will be taking advantage of IHS's increased product development and distribution capabilities to develop additional products in these areas." With the inclusion of FD Inc., IHS Group, a worldwide leader in information publishing, now comprises nine information companies which provide a broad spectrum of information and information management services to such diverse markets as banking, engineering, hospitals, library management, health care, pharmaceuticals, and government. In addition to Federal Databases Inc., the IHS Group companies include Information Handling Services, IHS Regulatory Products, CLSI, Global Engineering Documents, D.A.T.A. Business Publishing, IHS Publishing, Continental Healthcare Systems, and, in the United Kingdom, Technical Indexes Ltd. Information Handling Services Group Inverness Business Park, 15 Inverness Way East Englewood, CO 80112 303-790-0600 +---------------------------------------------------------------+ | From the America Online New Product Information Services | +===============================================================+ | This information was processed with OmniPage Professional OCR | | software (from Caere Corp) & a Canon IX-30 scanner from data | | provided by the above mentioned company. For additional info, | | contact the company at the address or phone# indicated above. | | All submissions for this service should be addressed to | | BAKER ENTERPRISES, 20 Ferro Drive, Sewell, NJ 08080 U.S.A. | +---------------------------------------------------------------+