April 19, 1999 -- New York, NY - Faulkner & Gray, a magazine publishing unit of Thomson Financial and one of the nation's fastest growing trade magazine and Internet publishers, has formed the Electronic Commerce Publishing Group to consolidate into one operation recent start-up publications, acquisitions and products transferred from other Thomson companies and to implement an aggressive strategy for the emerging electronic commerce publishing market. "Since our first product was launched in 1982 to cover banking networks, Faulkner & Gray has specialized in reporting on the strategic and competitive implications of electronic data networks in key vertical markets, from banking to health insurance," says Jack Love, president and CEO of F&G. "By creating this new unit, we are extending our reach to include the ultimate data network-the Internet-and its use in advancing electronic commerce around the globe."
The new group will report to Kurt Peters, Senior Vice President of Faulkner & Gray, a 16-year veteran of the company who has run F&G's payment systems and EDI operations for nearly a decade. Even in its start-up phase, F&G's new Electronic Commerce Publishing Group becomes a formidable competitor in the electronic commerce information business with four major magazines directed to key segments of the EC market. The umbrella product for the group is Electronic Commerce World, which last week was transferred to F&G along with various other EDI research products from Thomson Financial Publishing, Skokie, Ill. The ten-year-old magazine and related conference and exposition is a leading provider of news, strategic and technical information for the business-to-business EC market. "Our aim is to make Electronic Commerce World the #1 publication in the general business EC market," says Love, who notes that the publication will be audited later this year and its circulation base expanded in the next two years to double its current size of 45,000 EC professionals.
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