SOURCE: Wolters Kluwer NV

December 02, 2010 03:10 ET

Wolters Kluwer China and Commercial Press Sign Agreement to Publish Labor Law Series

BEIJING, CHINA--(Marketwire - December 2, 2010) -

Agreement follows strategic partnership to serve legal customers in China and globally

Wolters Kluwer China announced today that it has signed an agreement with Commercial Press, China's first print publisher dedicated to the translation and introduction of foreign laws and regulations, to translate and publish Wolters Kluwer's legal titles for Chinese legal and business compliance professionals, academics, and legislators.

"For our professional customers in the legal field in China, it is of great importance to have a comprehensive legal offering that can be leveraged across national and international borders," said Stacey Caywood, CEO Wolters Kluwer Legal & Regulatory. "We are very pleased that, with this agreement, Wolters Kluwer China and Commercial Press have strengthened our partnership since the initial collaboration announced in August this year to deliver this benefit to our customers."

Labor, employment and social security law have become an important topic for Chinese academics, legislators, and legal professionals. Through this agreement, a first of a series of books will be introduced to Chinese customers, and it is the first translation series published in China that focuses on labor, employment, and social security laws from foreign countries. The titles to be introduced in Chinese are published by legal market leaders Aspen Publishers and Kluwer Law International, part of Wolters Kluwer Law & Business, a leading provider of information and solutions for the legal, professional, and education markets.

"The agreement is part of our continuous efforts in China to translate and co- publish leading international legal content for the Chinese market and to provide Chinese legal content for international markets. Chinese legal and business compliance professionals will be able to provide more robust interpretations of China's labor law by studying labor laws of other countries through the Chinese-language translations from Wolters Kluwer Law & Business," added Shasha Chang, CEO of Wolters Kluwer China.

"The labor law titles published by Aspen and Kluwer Law International are valuable resources and content for Chinese researchers and legislators. We are proud to partner with Wolters Kluwer and translate those books into Chinese and make it available for the growing Chinese professional community," commented Yu Dianli, President of Commercial Press.

About Commercial Press

Established in 1897,Commercial Press is China's first print publisher dedicated to the translation and introduction of foreign laws and regulations since the commercialization of the publishing industry. Their development over a century has made Commercial Press a long-standing, renowned print publisher in the area of humanities and social sciences. Commercial Press is also a highly- recognized imprint among legal academia and professionals.

Being a member of the China Publishing Group, Commercial Press has two publishing centers and five joint ventures. It publishes books related to philosophy, legal and regulatory, to name a few. Commercial Press has also established good international cooperation with its overseas counterparts that include Hong Kong, Taipei, Singapore, and Malaysia. In addition, Commercial Press has also set up a publishing consortium called The Commercial Press International Companies where Commercial Press is a major shareholder.

About Wolters Kluwer China

Wolters Kluwer China's activities are strongly represented by CCH in the tax, accounting, HR and legal markets; Aspen Publishers and Kluwer Law International in the legal markets; Lippincott Williams & Wilkins, Ovid, and UpToDate in the healthcare market; and TeamMate in the risk and compliance markets. Wolters Kluwer China's legal activities are part of the Legal & Regulatory division ofWolters Kluwer, a market-leading global information services company. Professionals in the areas of legal, business, tax, accounting, finance, audit, risk, compliance, and healthcare rely on Wolters Kluwer's leading, information- enabled tools and solutions to manage their business efficiently, deliver results to their clients, and succeed in an ever more dynamic world.

Wolters Kluwer has 2009 annual revenues of EUR3.4 billion ($4.8 billion), employs approximately 19,300 people worldwide, and maintains operations in over 40 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.

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Forward-looking Statements

This press release contains forward-looking statements. These statements may be identified by words such as "expect," "should," "could," "shall," and similar expressions. Wolters Kluwer cautions that such forward-looking statements are qualified by certain risks and uncertainties that could cause actual results and events to differ materially from what is contemplated by the forward- looking statements. Factors which could cause actual results to differ from these forward-looking statements may include, without limitation, general economic conditions; conditions in the markets in which Wolters Kluwer is engaged; behavior of customers, suppliers, and competitors; technological developments; the implementation and execution of new ICT systems or outsourcing; and legal, tax, and regulatory rules affecting Wolters Kluwer's businesses, as well as risks related to mergers, acquisitions, and divestments. In addition, financial risks such as currency movements, interest rate fluctuations, liquidity, and credit risks could influence future results. The foregoing list of factors should not be construed as exhaustive. Wolters Kluwer disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.


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