NEW YORK, June 14, 2002 — Joseph Berkery, President of Berkery, Noyes & Co., announced today that his firm represented Educators Publishing Service, Inc. which has entered into a definitive agreement to be acquired by Delta Education, LLC, an affiliate of The Wicks Group of Companies, LLC.

The transaction is expected to be completed by July 1, 2002. Educators Publishing Service, of Cambridge, Massachusetts, is a leading provider of standards-based supplemental reading instruction materials for the K-12 market. The Company publishes the well-known series Explode the Code, Wordly Wise 3000, and Primary Phonics.

Berkery, Noyes specializes in investment banking for the information, publishing and communications industries. Among the most recent transactions completed by Berkery, Noyes is the sale of DDC Publishing to Pearson Education, the sale of selected assets from Thomson Learning to John Wiley & Sons and Oxford University Press, the acquisition of Ariel Research Corporation by Eastman Chemical Company, The Thomson Corporation’s divestiture of Institutional Shareholder Services to Proxy Monitor, Inc., and John Wiley & Sons’ purchase of selected higher education textbooks from Pearson Education.

Berkery, Noyes & Co. clients range from small firms, often seeking a buyer, to most of the major international information companies, who use the firm’s expertise in locating, analyzing and negotiating with acquisition candidates, as well as in managing divestitures. The firm operates with a staff of twenty-two professionals serving the information and publishing industry from offices in New York, Boston, and San Francisco.