New York City, September 2, 1999: Wicks Business Information, LLC today announced it has acquired Treasury & Risk Management (T&RM) magazine from CFO Publishing, a subsidiary of The Economist Group.

T&RM is the leading publication for financial executives who specialize in treasury management. The magazine targets large multinational corporations and reaches over 46,000 treasury professionals. T&RM has offices in New York and Boston.

In announcing the acquisition, Douglas J. Manoni, President and CEO of Wicks Business Information, said: "We are very pleased to add Treasury & Risk Management to our portfolio of companies. This is a strong brand that has garnered numerous editorial and design awards. The magazine will serve as the flagship publication creating an excellent platform for additional acquisitions and growth opportunities in the financial market. I am looking forward to working with the talented group of professionals at T&RM as we continue to grow the business and explore related transactions."

Wicks Business Information, an affiliate of The Wicks Group of Companies, L.L.C., operates in the business-to-business information services market and is concentrating on growth by acquisition and development of business magazines, newsletters, trade shows, and specialized information products. On July 29, the company acquired Briefings Publishing Group from Pearson Publishing. Wicks Business Information is located in Norwalk, CT.

The Wicks Group of Companies, L.L.C. is a New York-based investment firm specializing in communications, information and media businesses.