PRENTICE HALL PROFESSIONAL SOFTWARE ANNOUNCES MANAGEMENT CHANGES AND
STRATEGIC ALLIANCES TO POSITION COMPANY FOR MORE GROWTH

ATLANTA, July 12 -- Prentice Hall Professional Software today announced the
appointment of several key management personnel, as well as numerous
strategic partnerships, designed to tighten its focus and position it for
future growth.

"These significant changes mark a movement forward for the company and will
help improve our research and development methodology, including internal
controls and processes," said Edwin "Dee" Goodnight, president of Prentice
Hall Professional Software. "Specifically, we are refining the skill sets
of our personnel in an effort to begin developing software for the Windows
operating system. Furthermore, we are expanding our services through
strategic partnerships by offering additional productivity tools to our
customers, such as financial planning software and laser printers."

Prentice Hall recently announced a new agreement with Microsoft Corporation
that will bring its core products for the real estate management market to
Windows. The company plans to develop Windows versions of its software for
the CPA market as well.

Executive Appointments

Mr. Goodnight announced several executive appointments that will strengthen
Prentice Hall in both the CPA and real estate markets.

Terri Whitesel, formerly the marketing manager for Prentice Hall, has been
promoted to director of sales and marketing. Prior to joining Prentice
Hall Professional Software in January 1992, she was a free-lance marketing
consultant specializing in the development and implementation of
integrated sales, marketing and promotional programs for a variety of
consumer and business-to-business products in Atlanta. In her new
position, Ms. Whitesel will establish new sales goals and implement a
variety of new marketing activities for Prentice Hall's CPA products
geared toward expanding the company's market share.

Ms. Whitesel holds a bachelor's degree from Wright State University and is
an active member of the American Marketing Association, the American
Management Association, and the Business Professional Advertising
Association.

Tom O'Neill, who has directed the development of Prentice Hall's Software
1040 system for the past several years, has been named director of tax
product development for Prentice Hall Professional Software. Mr. O'Neill
joined Prentice Hall in September 1981 after spending two years as a field
agent for the IRS, where he worked on individual and corporate tax
returns. Mr. O'Neill will be responsible for the development and
maintenance of The Prentice Hall Tax Advantage System, the company's
complete line of individual and business tax products.

Mr. O'Neill is a licensed CPA holding a master's degree in business
administration from Boston University. He also completed a bachelor's
degree in public accounting from the State University of New York at
Albany.

Lynn McKinney, who most recently directed the development of Prentice
Hall's Practice Advantage time and billing system, has been appointed the
director of Prentice Hall's accounting software development. Ms. McKinney
has served six years with Prentice Hall in a variety of increasingly
responsible development positions. In her new role, she will be
responsible for the development and maintenance of all Prentice Hall
accounting products, including the company's new plans for Windows. Her
appointment allows for a more coordinated development plan.

Ms. McKinney is a licensed CPA holding a bachelor's degree in accounting
from the University of Georgia.

Catherine Cage has been appointed the new sales manager for Prentice Hall's
real estate management group. She joins the company after serving as a
contract trainer for Wilson Learning, where she specialized in training
negotiating techniques to upper and middle management. As a past national
sales manager and general manager for Prentice Hall's real estate products
group, she brings a wealth of experience to her new role.

Ms. Cage will lead Prentice Hall's effort to expand sales in the commercial
real estate market, as well as continue to increase the company's presence
in the residential market. She will be instrumental in the company's
effort to penetrate the real estate market with its new line of products
for use with Windows.

Ms. Cage attended Harvard University and the University of Texas, where she
majored in accounting. She also holds her real estate license.

Partnership Agreements

In addition to the Microsoft agreement, arrangements with Hewlett Packard,
Granville Publications Software, and Wallace Computer Services have
positioned Prentice Hall to offer its customers special values on laser
printers, Up Your Cash Flow financial planning software, and a
comprehensive office supplies catalog containing over 8,000 items.

"By offering these additional products and services to our customers, we
can offer them the convenience of one-stop shopping for not only their
accounting and tax software needs, but also a growing list of tools
designed to improve the profitability and efficiency of their firms," said
Goodnight.

The agreements with Hewlett Packard allow Prentice Hall to offer its
customers HP LaserJet 4 and LaserJet 4Si printers. Accountants can use the
laser printers with Prentice Hall software to produce tax returns, billing
invoices, W-2s and 1099s, financial statements, and more.

Up Your Cash Flow, from Granville Publications Software, gives Prentice
Hall customers the chance to provide a new service for their clients, cash
flow planning. The system features profit and loss forecasting/budgeting,
cash flow forecasting, projected balance sheet, "what if" analysis, and
more.

Prentice Hall and Wallace Computer Services have teamed up to offer
accountants and real estate management professionals the convenience of
ordering office supplies at lower, maximum quantity prices, regardless of
the quantity ordered. Supplies may be ordered via a toll-free number and
shipped within 24 hours.

Prentice Hall Professional Software is also beginning to link with other
Paramount Publishing units to offer accountants special discounts on
accounting and computer books. The accounting books offer professionals
everything needed to design, test and install accounting systems, as well
as answers to questions on cost accounting, internal controls, and more.
The computer books are designed to get users up and running on a variety
of commonly used software products, such as WordPerfect and Lotus 1-2-3.

Focus Groups Established

Prentice Hall also announced the establishment of new focus group panels
consisting of Prentice Hall customers and non-customers in accounting
practices. According to Mr. Goodnight, the focus groups were formed to
improve business relationships and test market its product offerings,
marketing strategies, and promotional activities.

Prentice Hall Professional Software is an industry leader in professional
accounting, tax, and real estate management software, serving more than
12,000 customers. The company is a member of the Software and Information
Services Division of Paramount Publishing's Business, Technical and
Professional Group. Paramount Publishing, the publishing operation of
Paramount Communications Inc., is engaged in educational, professional and
consumer publishing worldwide. Prentice Hall Professional Software can be
contacted at P.O. Box 723597, 2400 Lake Park Drive, Atlanta, GA 31139 or
by telephone at (800) 241-3306, or in Atlanta at (404) 432-1996.

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