NEWS

Network Communications, Inc. (NCI) acquires the Tallahassee Apartment Guide

Lawrenceville, GA (July 24, 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 had acquired the Tallahassee Apartment Guide ("TAG") from Quest Publications. TAG is the leading publication of multifamily rental property information for the Tallahassee, Florida market.

NCI publishes apartment rental guides in 80 markets across the United States under the Apartment Finder ("AF") and Apartment Blue Book ("ABB") brands. AF and ABB are high quality publications that provide apartment property managers with the most cost effective means of marketing their apartment communities to prospective renters. In addition to its publications, NCI operates ApartmentFinder.com, a leading website for people searching for apartments.

"This acquisition of the Tallahassee Apartment Guide fits perfectly with our strategy of extending the reach of our existing brands, said Daniel McCarthy, NCI's President & CEO. "The Guide became the leading publication in Tallahassee as a result of its high caliber publisher, the quality of the book, the extensiveness of its distribution network and its commitment to the multifamily housing industry. These are the same business principles that we employ with our Apartment Finder and Apartment Blue Book publications."

Network Communications has publications serving the residential real estate, multifamily 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, Apartment Blue Book, 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 www.ncinfo.net.