NEWS

Commonwealth Business Media Completes the Acquisition of BACK Aviation Solutions

East Windsor, NJ (March 23, 2005) - Commonwealth Business Media, Inc. announced today the acquisition of BACK Aviation Solutions (BACK), a leading provider of aviation and air transportation information. BACK’s comprehensive product portfolio includes information services, strategic and technical consulting, custom research and forecasting and asset management services. The firm is recognized throughout the industry as one of the most respected sources of aviation and air transportation information.

“We are extremely excited about BACK Aviation Solutions joining the CBM family and that the entire BACK management team including Cam Koblish, Michael Allen, Steve Casley and Scott Brandt is staying with the business,” said Alan Glass, Commonwealth Business Media Chairman, President and CEO. “This acquisition expands our business into the highly technology driven aviation market and significantly increases our revenues from pure database sales. We also see real opportunities for the BACK management team to work on expansion opportunities with our PIERS (Port Import Export Reporting Service) database business. All together, this extension of our business into the growing global aviation market furthers our goal of serving the international trade and transportation markets with data solutions unavailable anywhere else.”

BACK offers the most complete collection of aviation information and analytical tools available in the air transport industry. The firm brings together traffic data, airline schedules, financials, operating statistics, worldwide commercial fleet data and route mapping—making this information available from a laptop or personal computer.

BACK’s services are relied upon by most major sectors of the aviation and air transport industries including airlines, airports, financial institutions, manufacturers, governments, travel companies and consulting firms. BACK was founded in 1992 through the acquisition of the transportation databases of I.P. Sharp/Reuters. For more information on BACK, visit www.backaviation.com.

“We are very pleased to be joining the CBM family,” said Cam Koblish, President & CEO - BACK Aviation Solutions. “It is a win-win for both organizations. CBM will be adding more aviation content to its already extensive transportation product and service portfolio. BACK will be able to expand the range of services we offer to the aviation and air transport industries. The combination of people, products, and expertise will ensure that we deliver unparalleled innovative solutions to our present and future clients."

BACK's central operating location is in New Haven, CT, with offices in Newport Beach, Atlanta, Washington DC, Toronto (Canada), and London (U.K.). The company will continue to operate without changes, reporting directly to Commonwealth Chairman, President and CEO Alan Glass. BACK currently has 33 employees, including full time contractors.

Commonwealth Business Media, Inc. publishes directories, databases and magazines in the transportation, international trade, classical music and commercial credit markets including The Journal of Commerce, Port Import Export Reporting Service (PIERS), Traffic World, Air Cargo World, The Pocket List of Railroad Officials, The Transportation Telephone Tickler, Pacific Shipper, Shipping Digest, Florida Shipper, Gulf Shipper, Canadian Sailings, Seaports of the Americas—the AAPA Directory, Port Everglades Guide and Directory, Port of Houston Magazine, AAPA Seaports Magazine, Port of Miami Directory, Official Export Guide, U.S. Custom House Guide, Musical America and others. Commonwealth is headquartered in East Windsor, New Jersey, with offices in Newark, San Francisco, Long Beach, Atlanta, Montreal, Washington, DC, Miami, Ft Lauderdale, Tampa, Hong Kong and London. For more information on Commonwealth Business Media, Inc. and the products they offer, visit www.cbizmedia.com or call 800-221-5488.