Bertelsmann SE & Co. KGaA

NEW MANAGEMENT STRUCTURE AT iSYNDICATE EUROPE

    London/Hamburg (ots) - iSyndicate Europe, the joint venture
between the Bertelsmann Content Network and iSyndicate Inc, the
leading provider of syndicated content on the Internet, today
announced the appointment of Peter Bichara as its Chief Executive
Officer, along with Christian Cramer as Vice President of Finance and
Administration. Additionally, Tim Heath was named as the new Managing
Director for the UK.
    
    These important management positions signal iSyndicate Europe's
growing leadership position in the European market. "iSyndicate
Europe is now more than ever positioned for quick growth in major
markets across Europe", said Rolf Schmidt-Holtz, CEO of the
Bertelsmann Content Network, the Bertelsmann group responsible for
the company's syndication strategy.
    
    Joel Maske, Chairman of the iSyndicate Europe Board, and President
and CEO of iSyndicate, Inc. said: "I am confidant that Peter
Bichara's vision, business savvy and superior management skills will
grow iSyndicate Europe to its fullest potential. Tim brings a keen
knowledge of the media business and an exceptional track record of
success in the UK."
    
    Top appointments include:
    
    Peter Bichara, Chief Executive Officer, iSyndicate Europe
    
    Bichara is responsible for leading the country-specific units of
iSyndicate in Europe and for the integration of iSyndicate Europe
within the company's worldwide network. After finishing his graduate
studies in engineering and business, Bichara spent seven years in top
management positions with The Boston Consulting Group in Düsseldorf,
Los Angeles and Budapest, where he was considered an expert on
telecommunications, multimedia and energy issues. Most recently he
served as Vice President of Corporate Development at the Bertelsmann
Direct Group where he was instrumental in the design and execution of
Bertelsmann's content syndication strategy.
    
    Christian Cramer, Vice President, Finance and Administration,
iSyndicate Europe
    
    Cramer formerly served as CFO at GAUDIA.COM, an application
service provider for the entertainment industry. Cramer also served
as a management consultant with Bain & Company, were he developed
business strategies for numerous major enterprise companies. Cramer
attended Technical University Munich and earned an MBA at Berkeley's.
    
    Tim Heath, Managing Director, United Kingdom, iSyndicate Europe
    
    Tim Heath has extensive knowledge of the UK and European content
markets and fast growing digital distribution and broadband
technologies. He joins iSyndicate Europe from CNBC Europe where he
launched the thematic business TV channel in May 1996 and built
distribution from 13 million cable and satellite subscribers on
launch to reach 65 million currently. At CNBC Tim Heath was also
engaged in developing new markets for CNBC products and services to
major corporate customers in the financial and travel sectors.
    
    Steven Moran, Vice President People; Director Strategic Alliances,
iSyndicate Europe
    
    Moran began his professional career in Asia working for the
Samsung Corporation. Prior to iSyndicate Europe, Moran led various
multimedia efforts on behalf of Bertelsmann AG, including
implementing the company's Lycos and AOL ventures in Germany and
expanding the business of eGroups in Europe. Moran attended the
University of Houston, Harvard University, and Washington University
in St. Louis.
    
    About iSyndicate Europe (www.iSyndicate.com)
    
    iSyndicate Europe is the leading provider of syndicated content
and services in the Pan-European market. The Company develops,
markets and supports a line of infrastructure and application
software, technologies and tools that allow for the aggregation,
distribution, exchange and management of digital content and
information across the Internet and to any Internet-connected device.
The Company's solutions allow its customers to maximize the power of
information distribution and exchange on the Internet. iSyndicate
Europe's content providers include some of the world's leading
traditional and Internet brands including Agence-France Presse, BBC,
dpa, Datamonitor, Dow Jones, Financial Times Germany, EMAP, IPC
Magazines, Sportal, BBC, Sky News and  Worldpop, among others.
iSyndicate Europe is in the process of acquiring French-based Web
syndication company nFactor SA, however there is no assurance that a
final deal will be reached. nFactory S.A.'s 600 European content
providers, combined with iSyndicate UK's content offerings, will
bring to more than 1700 the number of content providers iSyndicate
Europe represents, including leading brands La Tribune, VNU.fr and El
Mundo. iSyndicate currently distributes content in eight languages
including English, Dutch, French, German, Italian, Danish, Spanish
and Swedish. ISyndicate Europe maintains offices in Hamburg and
London. Including nFactory, iSyndicate Europe will operate additional
business units in Paris, Spain, Belgium and Morocco. iSyndicate
Europe is a 50:50 joint venture between San Francisco-based
iSyndicate Inc. and Bertelsmann.
    
    About Bertelsmann AG (www.bertelsmann.com)
    
    As the world's most international media enterprise, Bertelsmann
commands leading positions in the global media and entertainment
industries. The Bertelsmann Group consists of publishing and music
companies, book and music clubs, magazines and newspapers, television
and radio stations, print and media service providers, multimedia and
professional information companies represented by such brands as
Random House, BMG, Gruner + Jahr
    
    and RTL. Bertelsmann is the world's largest general-interest
publisher and the biggest English-language publishing house
worldwide. Bertelsmann book and music clubs are number one worldwide.
Through RTL Group and Gruner + Jahr, the company ranks first in the
European broadcasting and magazine sectors, respectively. Bertelsmann
is the worldwide leading media company in the internet, and top
ranking in its peer market in e-commerce with BOL in Europe and
barnesandnoble.com in the US. The organization currently employs
76,000 people in 58 countries and posted DM 32,4 billion in total
revenues in the 1999/00 financial year ended June 30, 2000.
    
ots Originaltext: Bertelsmann AG
Internet: http://recherche.newsaktuell.de

For further questions, please contact:

iSyndicate Europe
Pat Reilly
Mobile: +1 - 415 - 760 02 65
Phone:  +1 - 415 - 563 99 69
pr@isyndicate.com

Bite Communications Ltd.
Kelly Scutt/Nick Morris
Phone: +44 - (0) 208 - 741 1123
kellys@bitecomm.co.uk/nickm@bitecomm.co.uk

Bertelsmann AG
Susanne Erdl
Media and Financial Relations
Phone: +49 (0) 52 41 - 80 25 35
susanne.erdl@bertelsmann.de

Original-Content von: Bertelsmann SE & Co. KGaA, übermittelt durch news aktuell

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