NEWS

Network Communications, Inc. (NCI) acquires two apartment directories serving Minnesota

Lawrenceville, GA (September 25, 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 the Twin Cities Apartment Living Guide and St. Cloud Apartment Living Guide. The consumer publications will continue to provide exclusive multifamily rental property information for their respective Minnesota markets.

NCI publishes apartment rental magazines in over 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.

"The acquisition continues our strategy of expanding the geographic reach of our apartment brand," says Daniel McCarthy, President & CEO of Network Communications. "The Twin Cities and St. Cloud markets give us an excellent presence in Minnesota and we look forward to serving the region's multifamily industry. Apartment Finder and Apartment Blue Book are dedicated to being the most efficient provider of leads to advertisers."

NCI 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, Enclave, Corporate Choices and Black's Guide. Each brand also has a significant online presence and all titles can be found at www.LivingChoices.com. For more information about the company log on to www.ncinfo.net.