Estate of Josephine T. Thompson, Deceased, Carl T. Holst-Knudsen and the Bank of New York, Executors - Page 12

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               In addition to developing and implementing technology to               
          make its directories available on CD-ROM and on the Internet, TPC           
          engaged in other technology projects.  A list and a brief                   
          description of other technology-related projects undertaken by              
          TPC during its 1995-2002 fiscal years are set forth below:                  

               (1) Development of the nationally recognized TPC Web site;             
               (2) Development of TPN Register, a joint venture                       
                    between TPC and General Electric Co., through                     
                    which product information similar to information                  
                    contained in TPC’s directories was to be provided                 
                    to companies via each company’s respective                        
                    internal intranet.  In 2001, TPC apparently                       
                    terminated this TPN Register project;                             
               (3) Development of Thomas.Net, a software product that                 
                    enabled users to use keywords to make online                      
                    digital searches of TPC’s electronic directories                  
                    for industrial product information;                               
               (4) Development of Product News Network (PNN), an                      
                    electronic magazine containing information                        
                    regarding new industrial products;                                
               (5) Development in 1995 of Thomas Global Register                      
                    (TGR), an Internet directory for TPC’s customers                  
                    located outside the United States; and                            
               (6) Purchase in 1997 of Plant Spec, a Web-based software               
                    system that permitted the electronic transfer of                  
                    computer assisted design (CAD) drawings.                          

               During its 1995-97 fiscal years, TPC spent approximately $36           
          million on the above technology-related projects.  As of May of             
          1998, TPC’s management anticipated that during 1998-2002 TPC                
          would undertake additional projects, incur additional                       







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