Advanstar Appoints Ted Alpert as CFO
New York, NY – August 28, 2006 - Advanstar Communications Inc. (“Advanstar”) today announced that its parent company Advanstar, Inc. has appointed Theodore S. Alpert as Vice President – Finance and Chief Financial Officer of Advanstar, Inc., Advanstar Communications and affiliates, effective September 12, 2006. Mr. Alpert, 49, succeeds David Montgomery who will remain with Advanstar through October 31, 2006 to effect the transition.
Mr. Alpert is a senior level financial executive with more than 20 years of management experience. He most recently served as Chief Financial Officer of IPS Corporation, a leading manufacturing company owned by Fremont Partners. Previously Mr. Alpert held the position of Executive Vice President and Chief Financial Officer at both Transtar Metal Holdings, Inc. and Centis Inc. He also served in various finance positions of increasing responsibility at Avery Dennison, Inc. after beginning his career in finance at Getty Oil Company. Mr. Alpert graduated Summa Cum Laude with a B.S. in Economics from University of California, Los Angeles and holds an M.B.A. from The Wharton School at the University of Pennsylvania. Mr. Alpert will be responsible for Advanstar’s financial operations functions and will work in the Company’s West Coast offices.
Joe Loggia, Chief Executive Officer of Advanstar Communications, stated “We are entering a new phase following the transformation of Advanstar and the strong platform for growth that was established in the last year. Ted’s appointment enables us to base the Company’s executive management in one location to cohesively drive our strategy forward into the future. Ted brings leadership skills and the right qualities to assist Advanstar in its planned growth. He has a strong background in finance and accounting as well as operations. I believe Ted is well positioned to excel in the role and welcome him as a partner to our management team.
“I also want to recognize Dave Montgomery’s contributions to Advanstar over the past seventeen years. Dave’s participation on our management team, particularly in relation to last year’s asset sale, acquisitions and financing, has helped strengthen our financial condition and competitive position.”
About Advanstar Communications
Advanstar Communications Inc. (www.advanstar.com) is a leading worldwide media company providing integrated marketing solutions for the Fashion, Life Sciences and Powerports industries. Advanstar serves business professionals and consumers in these industries with its portfolio of 87 expositions and conferences, 58 publications and directories, 125 electronic publications and Web sites, as well as educational and direct marketing products and services. Market leading brands and a commitment to delivering innovative, quality products and services enables Advanstar to “Connect Our Customers With Theirs.” Advanstar has approximately 1,000 employees and currently operates from multiple offices in North America and Europe.
For more information, please contact:
Financial Dynamics for Advanstar Communications
Leigh Parrish, 212.850.5651
