Elsevier Completes Purchase of Gold Standard

May 19, 2006

Gold Standard, Inc., a US-based developer of online clinical drug information products, services, and solutions to the healthcare market, has been sold to Elsevier, a global healthcare and scientific publisher, following approval of the acquisition by the Federal Trade Commission (FTC). Housatonic Partners, a private equity firm focused on investments in the business services and media industries, has been the lead investor in Gold Standard since 2003. The Jordan, Edmiston Group, Inc. (JEGI), the New York- based investment-banking firm for the media and information industries, represented Gold Standard in this transaction.

(www.jegi.com; www.elsevier.com)