We're pleased to include our titles on Ovid's Books@Ovid platform , providing
us with a sophisticated online option with which we can reach an even wider
audience .

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Young, Phoenix's chairman, president and chief executive
officer.

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Some key new
titles include Joslin's Diabetes Mellitus and Hospital Epidemiology of
Infection from Lippincott Williams + Wilkins , Clarke's Analysis of Drugs and
Poisons from Pharmaceutical Press, and McGraw-Hill's Williams Obstetrics and
Schwartz's Principles of Surgery.com) is a globally focused information
solutions provider offering clinicians, professionals, and researchers in the
medical, science, and academic fields a full suite of online and print
content, tools, and services that make research smarter, faster , and more
effective.

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Through a variety of advisors and
financial services firms, The Phoenix Companies provides products and
services to affluent and high-net-worth individuals and to
institutions .

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Business Editors

NORTH GREENBUSH, N.Y.
"The NYISO has increased its professional staffing and IT
infrastructure since we assumed control of the New York power grid in
1999," said William J. By partnering with
key publishers, we can expand our comprehensive portfolio of e-books that we
offer our medical and academic customers," said Scott MacFarland, Vice
President, Publisher Relations + Content Operations for Ovid.

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"Institutions
and corporations are increasingly adopting an e-book solution to support the
research and work of healthcare professionals, researchers, and students .

For sites focusing on the architecture and architectural history of schools, colleges and universities .

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New clinically-oriented books cover a wide range of medical specialties,
such as neurology , endocrinology, infectious diseases, surgery, and
cardiology, traditionally a strong content category for Ovid.

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----The Phoenix
Companies, Inc. Publishing Partnerships Enhance Content Offerings at Books@Ovid

NEW YORK, Ovid Technologies, a global leader in
electronic medical, scientific , and academic information research solutions,
today announced it is adding more than 160 medical , scientific, and
engineering titles from Lippincott Williams + Wilkins, Pharmaceutical Press,
McGraw -Hill, and other leading publishers to Books@Ovid, its integrated e-
books platform.

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Phoenix also announced it is negotiating an agreement to relocate its
local operations to a leased build-to-suit facility in the East
Greenbush Technology Park. "This is very good news for Phoenix and for our local
operations center, since we will have the opportunity to design the
new facility to better meet our current and anticipated needs."
Phoenix employs approximately 250 people in the operations center .

The Phoenix Companies, Inc. is a leading manufacturer of life
insurance, annuity and asset management products for the accumulation,
preservation and transfer of wealth.

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Y. The NYISO's market volume was $7.2
billion in 2004. "Our innovative
e-book solution offers professionals and researchers anytime, anywhere access
to comprehensive, authoritative clinical and scholarly material. Ovid is used by the world's leading colleges and universities;
medical schools; academic research libraries and library consortia; hospitals
and healthcare systems; pharmaceutical, engineering and biotechnology
companies; HMOs and clinical practices.

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PhoenixWealthManagement."
Launched in 2000, Books@Ovid forms one component of a completely
integrated Ovid content repository.

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These titles will be made available throughout the remainder
of 2005, bringing the total number of electronic books on Books@Ovid to over
350.
"Partnering with Ovid was an obvious decision for us," said Charles Fry,
Director of Publications for the Royal Pharmaceutical Society of Great
Britain, which operates and manages Pharmaceutical Press, publishers of
Martindale: The Complete Drug Reference, also available on Ovid .

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"These new titles add tremendous value to our platform.

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If the negotiations and contingencies are resolved as expected,
the closings will take place in early summer 2005, and Phoenix will
relocate in 2006. These include Harrison's Principles of Internal Medicine and
Hurst's The Heart from McGraw-Hill; Cancer: Principles and Practice of
Oncology, The Lippincott Manual of Nursing Practice, and Kaplan + Sadock's
Comprehensive Textbook of Psychiatry from Lippincott Williams + Wilkins; and
the Oxford Textbook of Medicine from Oxford University Press.

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The property includes a 140 ,000-square-foot, seven-year-old
building and approximately 28 acres on Krey Boulevard in North
Greenbush .nyiso.

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Both transactions are subject to a number of contingencies,
including successful completion of negotiations and issuance of
regulatory approvals.

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Museler, President and CEO of the NYISO, which
operates the state's bulk power system and administers the state's
wholesale energy markets. Advanced linking functionality enables
users to seamlessly move from the book's chapters, table of contents , figures,
and tables, to full-text journal articles and bibliographic references to
which they have access as part of their Ovid subscription, as well as external
websites referenced within the books and journal articles. Ovid is an operating company of
Wolters Kluwer Health, a division of Wolters Kluwer, a leading multinational
publisher and information services company with annual sales (2004) of 3.

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NYISO Plans to Acquire North Greenbush N.Y. Facility from Phoenix; Phoenix to Lease Build -to-Suit Facility in East Greenbush Technology Park

The Phoenix Companies has corporate offices in Hartford,
Conn. Special features
include back-of-the-book index links, subject and title browsing , natural
language searching, and a single, expandable table of contents.

About Ovid Technologies:
Ovid Technologies (http://www.

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"We are committed to remaining in the Albany area and have found
more suitable space less than a mile from our current location," said
Dona D.com

The New York Independent System Operator (NYISO) - www.3
billion euro and approximately 18,400 employees worldwide.

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"
The NYISO employs 400 people in four buildings in Albany County,
including the main Power Control Center in Guilderland, which would
remain open. Phoenix and Greenbush Associates , the developers of the
East Greenbush Technology Park, are planning a 60,000-square-foot
building , with an option to expand in the future. For more information on Phoenix, visit
www.com -
is a not-for-profit corporation established in 1999 to facilitate the
restructuring of New York State 's electric industry.
In an effort to serve Ovid's diverse user base, which includes students
and faculty in the academic community, new reference works in humanities,
social sciences, and engineering are also being added.ovid.

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"We feel it is important to bring our staff
together into a centralized location for cost efficiency, productivity
and communications. Among these are the
Dictionary of Engineering, Concise Encyclopedia of Environmental Science, and
Microfluid Mechanics from McGraw-Hill.

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Phoenix and NYISO are also negotiating an
agreement for Phoenix to lease the space it currently occupies from
NYISO while the new facility is built. Based in New
York's Capital Region, in addition to administering the State's
wholesale energy markets, the NYISO operates the State's high voltage
electric transmission system."
Books@Ovid already offers the Internet 's most extensive collection of core
clinical titles.

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(NYSE: PNX) and the New York Independent System
Operator (NYISO) today announced they are negotiating an agreement for
NYISO to purchase Phoenix 's office facility in North Greenbush, N.

New Clinical and Academic Reference Titles Add Depth to Ovid 's e-Book Platform

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