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Engineering News-Record and Architectural
Record Each Win 2002 Jesse H. Neal Awards
McGraw-Hill
Construction Information Group Publications Recognized for Editorial
Excellence in Business Journalism
The McGraw-Hill Construction Information Group
(CIG) Acquires Construction-zone.com Assets
Now Powered by Sweet's, Newly Acquired
Applications & Services Will Be Integrated Into construction.com's
Building Product Center
NEW YORK, N.Y., January
17, 2001 - The McGraw-Hill Companies' (NYSE: MHP) Construction
Information Group (CIG) today announced the acquisition of several
former Construction-zone.com (c-z.com) key business assets. Terms
of the purchase were not disclosed.
CIG will begin integration of relevant construction-zone.com content,
applications and services into construction.com's Building Product
Center which is powered by Sweet's, the industry's leading building
product information source. Completion of the integration is scheduled
for the second quarter of 2002.
"By integrating the critical assets of construction-zone.com with
those of construction.com and its Sweet's-powered Building Product
Center, CIG will establish the most in-depth and powerful construction
product database and search engine available on the Internet. We
are excited to be starting 2002 with such a valuable acquisition,
one that enables us to connect even more construction professionals
with the largest array of building product manufacturers found in
one place," said Norbert Young, president of The McGraw-Hill Construction
Information Group.
As per the agreement, the McGraw-Hill Construction Information Group
purchased only certain of the key assets of Construction-zone.com
and has not assumed any of c-z.com's liabilities.
As a service to the former customers of c-z.com, construction.com
will continue to operate the c-z.com site independently through
the first quarter of 2002. Client product information will remain
available to the registered user database of over 100,000 construction
professionals.
"This acquisition will not only improve the service we provide to
registered users of construction.com and sweets.com, we feel that
former c-z.com customers will find that this acquisition will benefit
them as well. We have taken great steps to ensure that all c-z.com
customers have been educated about the change and we look forward
to having them join the CIG family," said Howard Mager, senior vice
president and general manager, Sweet's.
About McGraw-Hill Construction Information
Group
The Construction Information Group is the world's premier information
provider to the commercial construction industry. With its leading
brands F.W. Dodge, Sweet's, Engineering News-Record, Architectural
Record, and Design-Build, and the industry's most popular Internet
portal, construction.com, CIG provides the latest industry intelligence
and interactive solutions that enable construction professionals
to do their job faster, better and cheaper. CIG employs more than
1,700 professionals around the world.
About The McGraw-Hill Companies
Founded in 1888, The McGraw-Hill Companies is a global information
services provider meeting worldwide needs in financial services,
education and business-to-business information through leading brands
such as Standard & Poor's, BusinessWeek and McGraw-Hill Education.
The Corporation has more than 300 offices in 33 countries. Sales
in 2000 were $4.3 billion. Additional information is available at
http://www.mcgraw-hill.com.
McGraw-Hill CIG contact:
John Puccio
RF Binder Partners
(212) 593-6389
john.puccio@rfbinder.com
© 2001 The McGraw-Hill Companies - All Rights
Reserved
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