NEWS

Network Communications (NCI) acquires Southern Towns, Homes and Properties magazine

Lawrenceville, GA (January 31, 2003) – Network Communications, Inc. (“NCI”), the leading publisher and provider of printed and online real estate information and advertising in North America, announced today that it has acquired Southern Towns, Homes and Properties magazine (“STHP”) from Dallas based Southern Towns, Homes and Properties, Inc. STHP is the leading publication of residential real estate information for the Southwest Dallas market.

“This acquisition fits with our strategy of expanding our existing brands”, said Daniel McCarthy, President & CEO. “Southern Towns, Homes and Properties has been a leading publisher for the Southwest Dallas area for many years. The combination of Southern Towns with our existing publication, The Real Estate Book, will provide advertisers in the Southwest Dallas market with a powerful marketing vehicle to reach their target audience.”

Network Communications has publications serving the residential real estate, multi family housing, and commercial real estate markets in over 350 cities across the United States and Canada. NCI’s titles include The Real Estate Book, Apartment Finder, Mature Living Choices, New Home Finder, Unique Homes, Corporate Choices and Black’s Guide. The company also has a significant presence on the Web. For more information about the company log on to LivingChoices.com