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Merrill Corporation and WordWave Sign Definitive Purchase Agreement; VITAC Reaffirms Commitment to Captioning Clients and Media Accessibility

Merrill Corporation and WordWave Sign Definitive Purchase Agreement; VITAC Reaffirms Commitment to Captioning Clients and Media Accessibility

Published 11-21-05

Submitted by VITAC

PITTSBURGH - Merrill Corporation, a leading global provider of technology-enabled solutions for the legal, financial, real estate and other corporate markets, today announced the signing of a definitive agreement to acquire WordWave, Inc., parent company of VITAC, the leading international provider of captioning/sub-titling services.

"This transaction should have a positive impact on all constituencies involved," says Patricia Prozzi, President and CEO of VITAC. In reaffirming VITAC's commitment to their clients in the broadcast, cable television, home video, DVD, teleconference and Internet industries worldwide, Prozzi added, "Everyone at VITAC looks forward to continuing to work as a team -- fulfilling our twenty year commitment to providing media accessibility and the highest quality service to our clients."

"We are very pleased about this acquisition and believe it will have a significant impact on Merrill's continuing strategic diversification and international expansion efforts," said John Castro, Chairman and CEO, Merrill Corporation. The acquisition expands Merrill's services, its geographic reach, and further solidifies its position as a premier solutions provider.

About Merrill Corporation

Founded in 1968, Merrill Corporation (www.merrillcorp.com) is a leading global provider of technology-enabled service solutions for the financial, legal, real estate and other corporate markets. Merrill combines deep industry expertise with superior service and infrastructure to deliver world-class document, brand marketing, print, fulfillment, language and e-business solutions. With more than 4,400 people in 60 locations, Merrill empowers the communications of the world's leading companies.

Merrill Corporation's Document Management Services business (www.merrillcorp.com/law) is a leading provider of single-source document and information management solutions for legal and other professional services firms. Merrill's litigation support services, including electronic discovery and Web-based data repositories, delivers sophisticated technology solutions to enhance speed, efficiency and accuracy of the litigation process. Large-scale litigation copying and document imaging and coding are provided on a transactional basis. Professionally staffed and equipped Document Service Centers provide clients with comprehensive, on-site services tailored to their specifications, from basic copying, mailroom management and equipment leasing to complex, technology-based document services such as desktop publishing and electronic scanning.

About VITAC

VITAC, a WordWave company, is the leading international provider of captioning and multi-language subtitling services with offices in North Hollywood, Washington D.C. and Pittsburgh. VITAC provides accessibility solutions for broadcast networks cable television, home video, DVD, teleconferences and Internet programs worldwide. Among the company's largest clients are BBC America, BET, CBS, CNN, NBC, FOX, Discovery, MTV Networks, Paramount, Scripps Networks, The Weather Channel and Warner Brothers.

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