NEW YORK, February 28, 2008 —Publishers McGraw-Hill Education, Pearson Education, Inc., John Wiley & Sons, Inc., and Cengage Learning, Inc. today announced they had settled a previously pending trademark and copyright infringement lawsuit against Valore, Inc., Valore Exchange, LLC, and Robert J. Brannigan, Jr., owners and operators of the online textbook marketplace, ValoreBooks.com. The lawsuit alleged that Valore’s website, www.valorebooks.com, repeatedly permitted and assisted sales by third-party sellers of pirated educational materials and foreign manufactured editions of textbooks not authorized for sale in North America, including editions bearing the publishers’ trademarks that are materially different from their authorized U.S. counterparts.

The publishers’ complaint, filed in U.S. District Court for the Eastern District of New York, alleged numerous violations of U.S. copyright and trademark laws, and sought to stop the unauthorized importation, promotion, advertising, sale, and distribution via Valore’s website of foreign manufactured editions of textbooks not authorized for sale in North America, as well as pirated electronic copies of the publishers’ works.

As part of the settlement, the Court entered a Consent Order prohibiting Valore from importing, purchasing, packaging, altering, marketing, offering for distribution or sale, selling or otherwise distributing, or contributing to the distribution of any of the publishers’ copyrighted textbooks and other foreign manufactured materials that are not intended for sale in North America or that bear the publishers’ trademarks and are materially different from their authorized U.S. counterparts. Valore is also prohibited from selling and distributing any pirated electronic copies of the publishers’ works. The parties agreed to keep the other terms of the settlement confidential.

“The complaint against Valore and this settlement underscore the firm commitment by these publishers to protect their own intellectual property rights and the rights of their authors,” said Ronald G. Dove, Jr., of Covington & Burling LLP, the law firm representing the four publishers in this suit. “Businesses and individuals should know that the publishers will continue to pursue legal action against those who violate their intellectual property rights, including those website operators who may not themselves directly infringe the publishers’ rights, but who provide internet marketplaces that permit and assist others in doing so.”

Separately, the publishers have filed multiple lawsuits against individual sellers on Valore’s website and other websites who have directly engaged in this illegal conduct. Those suits are either pending or settled at this time, and additional suits are expected to be filed in the future to safeguard the publishers’ intellectual property rights, as well as the rights of their authors and other constituents.

About McGraw-Hill Education

McGraw-Hill Education is a leading global provider of instructional, assessment and reference solutions that empower professionals and students of all ages. McGraw-Hill Education has offices in 33 countries and publishes in more than 40 languages. Additional information is available at http://www.mheducation.com.

About Pearson Education, Inc.

Pearson (NYSE: PSO) is the global leader in educational publishing, assessment, information and services, helping people of all ages to learn at their own pace, in their own way. The company is home to such respected brands as Scott Foresman, Prentice Hall, PowerSchool, Addison Wesley, Allyn & Bacon, Longman and many others. Pearson’s comprehensive offerings help inform targeted instruction and intervention so that success is within reach of every student. Pearson’s other primary businesses include the Financial Times Group and the Penguin Group.

About John Wiley & Sons, Inc.

Founded in 1807, Wiley has been a valued source of information and understanding for 200 years, helping people around the world meet their needs and fulfill their aspirations. Since 1901, Wiley and its acquired companies have published the works of more than 350 Nobel laureates in all categories: Literature, Economics, Physiology or Medicine, Physics, Chemistry and Peace. Our core businesses publish scientific, technical, medical and scholarly journals, encyclopedias, books, and online products and services; professional/trade books, subscription products, training materials, and online applications and websites; and educational materials for undergraduate and graduate students and lifelong learners. Wiley’s global headquarters are located in Hoboken, New Jersey, with operations in the U.S., Europe, Asia, Canada, and Australia. The Company’s website can be accessed at http://www.wiley.com. The Company is listed on the New York Stock Exchange under the symbols JWa and JWb.

About Cengage Learning, Inc.

Cengage Learning, formerly Thomson Learning, delivers highly customized learning solutions for colleges, universities, professors, students, libraries, government agencies, corporations and professionals around the world. These solutions are delivered through specialized content, applications and services that foster academic excellence, professional development, and measurable learning outcomes. Cengage Learning’s existing company and imprint brands include Heinle, Gale, Wadsworth, Delmar Learning, Brooks/Cole and South-Western, among others. For more information on Cengage Learning please visit www.cengage.com.