Berlitz International, Inc. Acquires Subsidiaries of

23.06.1999, 11:35

Language Management / International, Inc., Solidifying ItsLeadership Position Within the Translations Industry Princeton, N.J. (PROTEXT) - Berlitz International, Inc.announced the acquisition of certain assets, operatingsubsidiaries and key personnel of Language ManagementInternational, Inc. (LMI) in Pittsburgh, Pennsylvania (formerlyThe Corporate Word); Rio de Janeiro, Brazil; Rosario, Argentina;and Singapore. The acquisition also includes the North Americansales organization of LMI, Inc. LMI's operations in Amsterdam andits corporate headquarters in Denver, Colorado, were notacquired. Berlitz GlobalNet, the translation services segment ofBerlitz, has been providing translation, software localizationand interpretation services for over 25 years. "This acquisitionwill solidify Berlitz's position as the largest and mostprofessional translation firm in the world," observed HiromasaYokoi, Vice Chairman, CEO and President of Berlitz International,Inc. "It will help us establish a strong foothold in LatinAmerica and add extensive language engineering capability inAsia. As part of its growth plans, Berlitz is looking forpartners that are equally committed to providing clients withhigh 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 23locations, in 22 countries worldwide. Its client base includescompanies in the Telecommunications, Information Technology,Medical & Pharmaceutical, and Automotive industries. For over 120 years, Berlitz has come to mean excellence inlanguage services. Berlitz, and its franchisees, have more than400 locations in over 50 countries worldwide offering languageinstruction, cross-cultural training, document translation,software localization and interpretation services. In addition,Berlitz offers a wide range of publishing products such asdictionaries, phrase books, travel guides and self-study languageinstruction materials including CD-ROMs and audiocassettes. Formore information, please visit the Berlitz Web site athttp://www.berlitz.com. ots Original Text Service: BerlitzInternational Inc. Internet: http://www.newsaktuell.de Contact:Robert Minsky of Berlitz International, Inc., 609-514-3008 Website: http://www.berlitz.com

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