Wolters Kluwer NV
amsterdam : WLSN

April 20, 2012 11:36 ET

Wolters Kluwer Expands Its Partnership With Chinese Publishing Industry

ALPHEN AAN DEN RIJN, NETHERLANDS--(Marketwire - Apr 20, 2012) -

Delegation of Chinese publishing executives visits Wolters Kluwer headquarters in the Netherlands

Alphen aan den Rijn (April 20, 2012) - Wolters Kluwer, a market-leading global information services company focused on professionals, today welcomed a Chinese delegation with representatives of some of the most prominent institutions in Chinese publishing. CEO Nancy McKinstry met with Mr. Tan Yue, President of China Publishing Group Corporation (CPGC), Mr. Yu, President of Commercial Press, and other executives to discuss their shared vision and perspective on the growth of the Chinese market and customers' needs.

Earlier this week, Wolters Kluwer signed a strategic alliance with CPGC at the London Book Fair. According to the agreement, Wolters Kluwer will bring a wealth of professional content to China, providing the Chinese professional community with world-class expert information and digital workflow solutions. CPGC can export and publish Chinese content through Wolters Kluwer's established global network. The two parties will also expand cooperation in digital product sales.

CEO Nancy McKinstry addressed the delegation, "The growth and progress of the Chinese publishing industry is significant and something to be proud of. We are very pleased with our strong relationships that we have built with you and your colleagues over the past few years. The signing of the strategic alliance earlier this week with our team in the U.K. is an important step to strengthen our relationships and show that we have a mutual interest."

Last September at the Beijing International Book Fair Wolters Kluwer signed a similar agreement with CPGC's subsidiary, the Commercial Press, to present its publications to the international market through Wolters Kluwer. Meanwhile, the Commercial Press has started to introduce a series of Wolters Kluwer publications in translation to Chinese readers.

Also at the 2011 Beijing Book Fair, Nancy McKinstry was appointed by the Chinese State Council Information Office to become a member of the Foreign Consultant Committee. This influential Committee aims to promote the collaboration between local and global publishers to link China with the rest of the world.

About China Publishing Group Corporation

China Publishing Group Corporation is a national publishing and distribution institution, consisting of 96 wholly-owned and holding companies. It has more than 9,000 employees, total assets of 9.6 billion RMB, and annual sales revenue of 5.6 billion RMB. It produces over 10,000 types of books, electronic and audio-visual publications, and more than 50 newspapers and periodicals annually, holding a top position in the Chinese market. CPGC has 29 overseas branches with business in more than 130 counties.

About Wolters Kluwer

Wolters Kluwer is 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 software solutions to manage their business efficiently, deliver results to their clients, and succeed in an ever more dynamic world.

Wolters Kluwer had 2011 annual revenues of EUR3.4 billion, employs approximately 19,000 people worldwide, and maintains operations 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.

Visit our website, YouTube, follow @Wolters_Kluwer on Twitter, or look up Wolters Kluwer on Facebook for more information about our customers, market positions, brands, and organization.

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.

PDF version of Press Release: http://hugin.info/130682/R/1604624/507795.pdf

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Source: Wolters Kluwer NV via Thomson Reuters ONE


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