TULSA, OK, Oct. 6, 2005 -- PennWell Corp., a diversified global media and information company, announced today that is has acquired Small Times magazine, a business publication covering the fast-emerging nanotechnology, MEMS and microsystems markets. The acquisition also includes the magazine's associated trade conference and exhibition, NanoCommerce (nanocommerceforum.com), taking place Nov. 1-3 in Chicago, the magazine's website, www.smalltimes.com, newsletters and research services. Financial terms of the sale were not disclosed.
Founded in 2001, Small Times magazine is published nine times annually for a circulation of 28,000. It is the leading source of news and analysis about micro and nanotechnology, detailing technological advances, applications and investment opportunities to help business leaders stay informed about this rapidly changing business. From biotech and defense to telecom and energy, Small Times addresses key issues in the industry's development, along with market intelligence.
NanoCommerce, presented by Small Times and the NanoBusiness Alliance, is the largest business-oriented nanotech conference and exhibition in North America, with expected attendees to include more than 500 nanotechnology business, academic and technology leaders. NanoCommerce will be held in conjunction with the SEMI NanoForum presented by the Semiconductor Equipment and Materials International association.
The Small Times team will remain in Ann Arbor, Mich., but will become part of PennWell's Advanced Technology Division based in Nashua, N.H. Patti Glaza, CEO of Small Times, will join PennWell as vice president and group publisher reporting to Dave Janoff, senior vice president of the Communications & Optoelectronics Group.
"The addition of Small Times magazine brings yet another leading technology and applications publication to PennWell's portfolio of prominent technology and energy magazines such as Laser Focus World, Lightwave and Oil & Gas Journal," said Robert F. Biolchini, PennWell president and CEO. "PennWell serves global markets which are witnessing the rapid evolution of micro and nanotechnology applications and we intend to take Small Times and NanoCommerce to the next level and around the world," Biolchini continued.
Janoff noted that this is an important, forward-look acquisition for PennWell's Advanced Technology Division. He said, "We have been covering nanotechnology in many different application areas including semiconductors through Solid State Technology, optoelectronics through Laser Focus World, and defense through Military & Aerospace Electronics but Small Times offers an established publication focusing exclusively on this evolving technology across multiple applications. We are excited about working with Patti Glaza and the Small Times staff to accelerate the growth opportunities for both the magazine and the conference."
Founded in 2001, Small Times is the established trade magazine for micro- and nanotechnology. The three-year-old annual NanoCommerce event will be held at Chicago's McCormick Place.
PennWell Corp. (www.pennwell.com) is a diversified business-to-business media and information company that provides quality content and integrated marketing solutions for the following industries: Oil and gas, electric power, water, electronics, semiconductor, contamination control, optoelectronics, fiber optics, computer graphics, enterprise storage, fire, emergency services and dental. Founded in 1910, PennWell publishes 75 print and online magazines and newsletters, conducts 60 conferences and exhibitions on six continents, and has an extensive offering of books, maps, web sites, research and database services. In addition to PennWell's headquarters in Tulsa, Okla., the company has major offices in Nashua, N.H., Houston, Campbell, Calif., Fairlawn, N.J., London, Moscow, Schwabisch Gmund, Germany, and Hong Kong.
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