PQILProquest Information and Learning
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The majority of adjustments the Company has identified to date relate to PQIL and the accounting irregularities initially identified and disclosed by ProQuest on April 28, 2006.
ProQuest Education results were previously reported in PQIL segment results.
Preliminary revenue for PQIL for 2005 is expected to be between $275 million and $280 million.
The Company estimates that its PQIL segment will report an EBIT loss of $20 million to $25 million for fiscal year 2005.
PQIL capital expenditures totaled approximately $70 million in 2005.
For the nine months ended September 30, 2006, the Company expects revenue for its PQIL segment to be within a range of $195 million to $200 million.