Total Completes Romtec-GfK Sale

Total Research Corporation has now completed its previously announced plan to sell its 51% interest in the Romtec-GfK joint venture to GfK.

Total Research acquired its interest in the Romtec-GfK joint venture as part of its May 2000 acquisition of Romtec plc, a UK-based IT and telecommunications market research company. Except for the joint venture, Romtec plc has been fully integrated into Total Research.

The deal is worth US$2.34 million, which according to Albert Angrisani, President and CEO of Total Research, "will be used, as previously reported, to retire all of the remaining debt from the Romtec acquisition and repay all other debt on Total's balance sheet." Mr. Angrisani also indicated that Total's acquisition of Teligen Ltd in April 2001 would contribute to replacing Total's share of the revenues and profits from the joint venture in fiscal 2002.