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The van Tulleken Company advises Church Publishing Incorporated on acquisition
Date: October 2005

(New York, October 11, 2005) Church Publishing Incorporated (CPI), the distinguished Episcopal publishing company, has acquired prominent Episcopal imprints - Morehouse Publishing and Living The Good News - from the Continuum International Publishing Group.

The van Tulleken Company, the leading media sector M&A specialist with offices in New York and London, represented Church Publishing Incorporated in this transaction.

Making the announcement The Rt. Rev. Hays Rockwell, Chair of the Board of Directors for Church Publishing Incorporated, said: "The combination of these three strong companies allows us to provide integrated and expanded program resources, church supplies, educational materials, and books to the Episcopal Church and beyond."

Continuum's Chairman, Philip Sturrock added, "The fit could not be better. Both these companies should flourish in the environment of their new owners."

The combined entity will continue the operation of Morehouse Publishing, Living the Good News, and Church Publishing in their current locations. Morehouse's provision of Church Resources and The Episcopal Church Annual will also continue.

"These individual publishing programs will now benefit from a common philosophy and the strength of common resources such as marketing, finance, and operations," explained the Rev. Deacon Kenneth Arnold, CPI's Publisher.

About Church Publishing Incorporated: Church Publishing Incorporated is the official publisher of worship materials for the Episcopal Church in the United States. Founded in 1918 as the Church Hymnal Corporation, it publishes The Book of Common Prayer, The Hymnal 1982, and official publications of the General Convention of the Episcopal Church, as well as liturgical planning software and online services through its Church Publishing imprint. The company also publishes books for the trade through its Seabury and Church Publishing imprints. Church Publishing Incorporated is an affiliate of the Church Pension Fund.

About Morehouse Publishing: Morehouse Publishing, located in Harrisburg, Pennsylvania, was founded in 1884. It offers books on spirituality, liturgy and worship, prayer, the Bible, theology, ethics, Christian education, homiletics, parish administration, and contemporary social issues.

About Living the Good News: Living The Good News is a lectionary-based curriculum publisher located in Denver, Colorado. It publishes faith formation programs and resources for Episcopal and other liturgically-based denominations to teach, inspire, and involve their members in prayer, worship, and spiritual growth.

Customers should continue to contact Morehouse, Church Publishing, and Living The Good News through existing telephone numbers, websites, and post office addresses.

About Continuum International Publishing Group: Continuum International Publishing Group is a growing family of religious, trade and academic publishers headquartered in London, with offices in New York, Harrisburg, Denver, Bristol and Poole.

About The van Tulleken Company: The van Tulleken Company is a leading international advisor to corporate clients, media executives and entrepreneurs on mergers and acquisitions in the publishing and information industries. With offices in New York and London, its clients include large international publishing and media companies as well as small and medium-sized private firms in the United States, the United Kingdom and Continental Europe.



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