News

NEW YORK, Mar 20, 2002 (BUSINESS WIRE) -- INNODATA CORPORATION (NASDAQ: INOD) announced an agreement with Elsevier Science, a division of Reed Elsevier, expanding services provided and extending long-term this strategic partnership.

Elsevier Science is a global information provider that publishes and disseminates literature covering a broad spectrum of scientific endeavors. These publications are written and edited by international scholars with excellent technical and scientific credentials, and wide research and teaching experience in their fields. Elsevier Science is advancing technologies necessary to create seamless electronic information delivery environments for scientific communication.

Innodata has provided digital conversion services to Elsevier Science since 1994. This long-term agreement broadens the services provided by approximately 30% over services provided in 2001.

Elsevier Science ESBD's Head of Database Input and Manager of External Relations, Oscar Mendonca Dias, stated, "Elsevier Science has set the standard in delivering value to our customers as an information provider of global proportions. Innodata is setting a similar standard with their content manufacturing services. We look forward to even greater value from Innodata as we move ahead with this relationship."

Innodata's Chairman and CEO Jack Abuhoff added, "Our partnership with Elsevier Science has become stronger with each passing year. Just as scientific communication is expanding, so too are the services that Innodata is providing to help Elsevier Science strive for publishing leadership in the 21st century."

About Reed Elsevier / Elsevier Science

Reed Elsevier is a world leading publisher and information provider, operating in four core segments: Science & Medical, Legal, Education and Business. Its principal activities are in North America and Europe and the company employs approximately 36,000 people.

Reed Elsevier's key objective is to be the indispensable source of information-driven services and solutions to its target customers, through the delivery of highly valued and demonstrably superior and flexible solutions, increasingly via the Internet. As well as maintaining its leading position in the Science & Medical market, Reed Elsevier is developing its interests in the Legal, Education and Business markets through geographical expansion, organic growth and acquisitions.

For over 100 years, the Elsevier name has represented a dedication to excellence in the exchange of information. Today Elsevier Science remains committed to that mission and has grown into an information provider of global proportions with offices around the world. Elsevier Science is a major division of Reed Elsevier.

About Innodata

Innodata (www.innodata.com) is the world's largest dedicated provider of digital asset services and solutions. Innodata delivers content manufacturing, content conversion, systems engineering, and library standards education to leading companies in fields as diverse as publishing, telecommunications, healthcare, and defense. Innodata's seven content manufacturing centers based in Asia provide peerless outsourced support to companies worldwide, and its ISOGEN division offers advanced systems engineering and education at four U.S.-based solutions centers. In 2001, Fortune and Business Week each rated Innodata as one of the 100 top-performing public companies in the United States.

This release may contain certain forward-looking statements, including without limitation, statements concerning the Company's operations, economic performance, and financial condition. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "anticipate," and other similar expressions generally identify forward-looking statements, which speak only as of their dates. These forward-looking statements are based largely on the Company's current expectations, and are subject to a number of risks and uncertainties, including without limitation, changes in external market factors, the ability and willingness of the Company's clients and prospective clients to execute business plans which give rise to requirements for digital content services and professional services in knowledge processing, difficulty in integrating and deriving synergies from acquisitions, potential undiscovered liabilities of companies that Innodata acquires, changes in the Company's business or growth strategy, the emergence of new or growing competitors, various other competitive and technological factors, and other risks and uncertainties indicated from time to time in the Company's filings with the Securities and Exchange Commission. Actual results could differ materially from the results referred to in the forward-looking statements. In light of these risks and uncertainties, there can be no assurance that the results referred to in the forward-looking statements contained in this release will in fact occur.

CONTACT:          Innodata Corporation
                  Investor Relations:
                  Bob Sullivan, 201/488-1200 ext. 5392
                  robert_sullivan@inod.com

URL:              http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.

Copyright (C) 2002 Business Wire. All rights reserved.

News provided by COMTEX. User agreement applies