World Publications Acquires Cruising World and Sailing World

Terry Snow, CEO of World Publications, announced today that his company
has finalized the purchase of Cruising World and Sailing World
magazines from Miller Publishing Group. Included in the transaction are
the rights to the sports marketing events the magazines produce,
including the National Offshore One Design (NOOD) Regattas, the largest
sailing regatta series in the United States.

"Cruising World
and Sailing World are the leading magazines in their field, and I'm
thrilled to include them in our family of titles," says Snow, whose
company publishes 12 award-winning special-interest magazines,
including Caribbean Travel & Life, Saveur, Garden Design, Sport
Diver, Sport Fishing and Marlin. "The sailing community is very similar
to those of our other niche water-sports properties," he adds. "Sailors
are an affluent audience, and they actively pursue their passions as
often as they can. Cruising World and Sailing World will be a perfect
complement to our existing base, offering many advertising synergies."

All editorial, sales and marketing staffs of Cruising World and Sailing
World, including publisher Sally Helme, Cruising World editor Herb
McCormick and Sailing World editor John Burnham, will remain with the
magazines, which will continue to be headquartered in Newport, Rhode
Island. Back-office operations, including accounting and circulation,
will be integrated into World's corporate operations in Winter Park,
Florida.

Cruising World is published monthly with a circulation
of 155,000. Sailing World, published 10 times a year, has a circulation
of 55,000.

Cruising World explores the world's oceans, bays,
lakes and rivers under sail. It provides timely information for sailors
united by their love of cruising whether they own a small
trailer-sailer or a large oceangoing yacht. Articles cover a variety of
topics, from destination overviews to more technical subjects such as
rigging and celestial navigation.
For more than 40 years, Sailing
World has been the main source of news and information on sailboat
racing at every level, from the America's Cup and the Olympics to
regattas, college racing and rankings. The magazine is also well-known
for its focus on racing sailors and has been a fertile ground for new
ideas in every area of the sport, from design and rules to rigging and
electronics.

On the event side, the NOOD Regattas is the
largest, most popular regatta series in the United States. Founded in
1988, NOOD provides marketers with a sailing sponsorship opportunity
second only to the America's Cup. This year, the fleets of equally
matched sailboats will race in nine events around the country,
delivering national impact.

Miller Publishing Group, L.L.C,
formed in 1997 under the guidance of Robert Miller, is the parent
company of Miller Sports Group, L.L.C. Affiliated titles include
Tennis, Vibe, Spin and Where magazines. Miller Sports Group, L.L.C.,
was represented by The Jordan, Edmiston Group, Inc., a New York City
based investment bank that specializes in the publishing, information,
Internet and exposition industries.

Headquartered in Winter
Park, Florida, and with offices in New York, World Publications is a
leading producer of special-interest media and entertainment. Employing
more than 200 people, World publishes 12 special-interest magazines:
Saveur, Garden Design, Caribbean Travel & Life, Boating Life,
WaterSki, Sport Fishing, Sport Diver, Fly Fishing in Salt Waters, Kite
Boarding, Marlin, Wind Surfing and Wake Boarding.