09 November 2004 News Releases

Serials Solutions again brings greater value to libraries

A 2004 news release detailing initiatives on behalf of Serials Solutions to provide greater value to libraries.

Serials Solutions, part of ProQuest Information and Learning, today introduced two initiatives to provide greater value to libraries. First, Serials Solutions will hold its 2004 price schedule in place through calendar year 2005, with no increases to the schedule. Second, the company will offer additional licensing alternatives to provide greater flexibility to libraries. Both of these options permit libraries to lock in their service price for a longer period of time, guaranteeing their price even further into the future.

Steve McCracken, co-founder and vice president of Serials Solutions, said, "We’ve worked with libraries that have faced extremely difficult financial pressures over the last two years. We’ve been honored that, in spite of this pressure, each month more and more libraries select Serials Solutions. Due to the sheer numbers of libraries that have subscribed to our services this past year, we are able to maintain our 2004 pricing schedule for 2005."

McCracken announced an additional step that will help libraries better manage their e-journal services budget. "Effective today, we are offering three and five-year licensing options for our products. By paying a single fee up-front and small annual maintenance fee, libraries will be able to realize savings over the term of the agreement and have greater budget certainty over time."

"These new options allow us to continue to better meet the budgeting needs of our clients and offer greater flexibility for libraries wanting to use technology-targeted grant funds," said McCracken.

This marks the second year in a row that Serials Solutions has held the line on price increases. Serials Solutions is making a commitment to maintain its pricing schedule through January 1, 2006. Historically, Serials Solutions has been unique in the library industry for publicly posting prices for its products and services, including E-Journal A.M.S., Article Linker and its Full MARC Records service.

Libraries that would like additional information or to see how these announced programs will affect their services are encouraged to contact Serials Solutions directly at 866-SERIALS (737-4257) or 206-545-9056.

About Serials Solutions:

Serials Solutions, part of ProQuest Information and Learning, provides complete e-journal access services to over 1200 libraries worldwide. Founded by a librarian for librarians, Serials Solutions helps librarians and patrons find and use electronic content through Full MARC Records service for e-journals, Article Linker™ - Serials Solutions’ comprehensive OpenURL link resolver, and Journal Linker™ - a journal-level link resolver. For more information, please visit www.serialssolutions.com or call 1-866 SERIALS.

ProQuest Information and Learning

ProQuest Information and Learning is a world leader in collecting, organizing, and publishing information worldwide for researchers, faculty, and students in libraries and schools. Known widely for its strength in business and economics, general reference, humanities, social sciences, and STM content, the company develops premium databases comprising periodicals, newspapers, dissertations, out-of-print books, and other scholarly information from more than 8,500 publishers worldwide. Users access the information through the ProQuest® Web-based online information system, Chadwyck-Healey™ electronic and microform resources, UMI® microform and print reference products, eLibrary® and SIRS® educational resources, and XanEdu® online faculty and student resources. For more information about ProQuest Information and Learning, visit www.il.proquest.com.

ProQuest Information and Learning is a business unit of ProQuest Company, which was recently named one of the top 100 fastest growing technology companies in the United States by Business 2.0.

ProQuest Company (NYSE: PQE) is based in Ann Arbor, Mich., and is a leading publisher of information solutions for the education, automotive and power equipment markets. We provide products and services to our customers through two business segments: Information and Learning and Business Solutions. Through our Information and Learning segment, which primarily serves the education market, we collect, organize and publish content from a wide range of sources including newspapers, periodicals and books. Our Business Solutions segment is primarily engaged in the delivery in electronic form of comprehensive parts and service information to the automotive and power equipment markets.