Berlitz International, Inc. Acquires Subsidiaries of

Berlitz International, Inc. announced the acquisition of certain assets, operating subsidiaries and key personnel of Language Management International, Inc. (LMI) in Pittsburgh, Pennsylvania (formerly The Corporate Word); Rio de Janeiro, Brazil; Rosario, Argentina; and Singapore. The acquisition also includes the North American sales organization of LMI, Inc. LMI's operations in Amsterdam and its corporate headquarters in Denver, Colorado, were not acquired. Berlitz GlobalNet, the translation services segment of Berlitz, has been providing translation, software localization and interpretation services for over 25 years. "This acquisition will solidify Berlitz's position as the largest and most professional translation firm in the world," observed Hiromasa Yokoi, Vice Chairman, CEO and President of Berlitz International, Inc. "It will help us establish a strong foothold in Latin America and add extensive language engineering capability in Asia. As part of its growth plans, Berlitz is looking for partners that are equally committed to providing clients with high quality services. LMI's strong operations in North America, Latin America, and Asia fit well into the Berlitz strategy." Berlitz GlobalNet will expand its presence to over 23 locations, in 22 countries worldwide. Its client base includes companies in the Telecommunications, Information Technology, Medical & Pharmaceutical, and Automotive industries. For over 120 years, Berlitz has come to mean excellence in language services. Berlitz, and its franchisees, have more than 400 locations in over 50 countries worldwide offering language instruction, cross-cultural training, document translation, software localization and interpretation services. In addition, Berlitz offers a wide range of publishing products such as dictionaries, phrase books, travel guides and self-study language instruction materials including CD-ROMs and audiocassettes. For more information, please visit the Berlitz Web site at ots Original Text Service: Berlitz International Inc. Internet: Contact: Robert Minsky of Berlitz International, Inc., 609-514-3008 Web site:

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