Business Editors

SAN FRANCISCO----Zinio Systems,
Inc."

About Zinio Systems, Inc. Over 250
magazines use Zinio, from leading publishers such as Hearst, IDG,
McGraw-Hill, Time Inc. Both the Industrial
and Decor Divisions have enjoyed solid growth in recent years.

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"We are glad to see the addition of Sarah ," said John Barnes,
Publishing Director, VNU Business Publications Ltd. "This is the first of many exciting
announcements as Zinio seeks to increase its global leadership
position in digital magazines . The company is
privately held and investors include Apax Partners, Centre Palisades
Ventures , IDEO Ventures, Intel Capital, NetOyster, New Enterprise
Associates, Odyssey Capital and Starvest Partners.

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Zinio now boasts the most digital titles in the UK with nearly 60
magazines from leading publishers, including IPC, Dennis Publishing,
VNU, Future and Jane's Information Group. "It shows Zinio's
commitment to this market. Earlier this year, Vance positioned its food and
agriculture publications under a Food Business Unit umbrella and
created two new major departments, Market Development and Audience
Development, to accelerate the product development process.

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Zinio Systems Expands Presence in UK; Company Appoints Commercial Director to London Sales Office Approaches 60 Digital Magazine Titles in the UK

, Hachette Filipacchi, VNU and Ziff-Davis.

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Business Editors

LINCOLNSHIRE , Ill.

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She will be responsible for sales, market development and
working with established industry organizations to further the rapid
growth of digital magazines as an important new category in periodical
publishing."
Since March 2002, Zinio has delivered more than 32 million digital
magazines to 1.

Vance Publishing Continues Expansion With New Business Unit

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www.
The Interiors Group currently consists of Wood + Wood Products
Magazine, Furniture Style, Custom Woodworking Business, Residential
Lighting, Closets Magazine, and Accessory Merchandising. Vance serves select
business-to-business markets with 28 magazines, a host of newsletters,
Web offerings and data and custom media products .

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----Seizing
continued opportunities for corporate growth, Vance Publishing
Chairman William C .

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Zinio is the leading provider of complete digital magazine
solutions, with 61 % market share of audited digital circulation.

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The Food
Business Unit provides print, electronic, and event opportunities for
clients in the produce and animal foods industries.

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The company has
signed more than 200 popular titles from more than 60 major publishing
companies on five continents.

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Based in London, Sarah Clegg will manage Zinio's expansion efforts
in the UK.9 million customers in 232 countries.

Since 1937, Vance Publishing has been a recognized leader in
business information and communications.

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The Interiors Group, a joining together of Vance's
Decor and Industrial Divisions , will serve the breadth of the
residential furnishings and fixtures value chain from manufacturing to
the end consumer.

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"
"Helping publishers chart a successful course through the
fast-growing category of digital magazine publishing requires senior
publishing skills and insight," said Jeff Bruce, Senior Vice President
of Worldwide Sales for Zinio Systems, Inc. Vance has announced the formation of a second new
business unit.

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, worldwide leader in digital magazine production, distribution
and circulation today announced the appointment of Sarah Clegg as
Commercial Director for its expanding sales efforts in the UK.zinio.

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After two years of actively
developing the local market for digital magazines in the UK, the
company is preparing for accelerated growth as the demand for digital
publishing among UK publishers increases. We
anticipate even greater successes under the Interiors Group umbrella
as we leverage our existing properties to expand our audiences," said
Vance President and COO Peggy Walker.

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Clegg brings a
wealth of expertise in publishing, broadcast and digital media.
Previously , she was Commercial Director and Publisher at Popworld and
held senior positions in sales and marketing with ClearChannel
Entertainment UK and several divisions of Emap, including Smash Hits,
Q and Heat at Emap Performance, J17 and Bliss at Emap Elan, plus Emap
TV in the UK and Emap Contract in Australia.com

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Demand in the UK has been growing steadily
and we expect it to continue . So having someone with Sarah's
credentials here is a good indicator. "We are delighted to have
Sarah 's strong publishing background and successful track record in
developing new media opportunities available to our growing list of UK
publishing partners.
The Interiors Group will be headed by Harry Urban, Vice President
and Publishing Director; Mike Reckling, who continues as Group
Publisher of the Decor Division; and Laurel Didier, who has been
promoted to Group Publisher of the Industrial Division.

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A veteran UK publishing executive, Ms.
"By joining the two divisions, the Interiors Group will be
positioned to take advantage of expansion opportunities in traditional
print, custom media , event, and electronic media.

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Zinio
has offices in San Francisco, New York City and London.

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"The demand to make the world's leading
magazine brands available to anyone, anywhere, anytime is real and
right now," added Mr. Zinio
provides print publishers with new circulation and revenue growth
opportunities through easy, turnkey solutions and complete
circulation, production and fulfillment services. Global readers enjoy
the highest quality reading experience both online and off.
"Industrial 's strengths in the areas of news, manufacturing and
business management, and Decor's strength as a leading source for
furnishings fashion and trend information are a powerful combination,"
Vance said in making the announcement. Additional
properties include several web sites and electronic products , events,
and custom publishing initiatives.

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Bruce.

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