COMMUNITY OF SCIENCE, INC.

Community of Science, Inc. (COS) links researchers worldwide through information products available on the World Wide Web. The Company's products and services are designed to meet the information needs of the scientific R&D community. This large and active market consists primarily of researchers at big institutions such as universities, government agencies, federal laboratories, foundations, and professional societies. In support of this research, the federal government alone disburses nearly $72 billion a year in scientific research funding.

The World Wide Web serves as the common platform for COS to publish specialized information for researchers electronically in an easy-to-access format.

BUSINESS UNITS

COS operates in three business areas: COS Memberships, Bibliographic Database Publishing, and Electronic Journal and Society Publishing.

COS Memberships

COS offers academic, government, and corporate institutions that conduct or fund research subscription memberships to databases of scientific expertise and funding opportunities. Universities and laboratories provide information about their current research to COS. This information is used to create the common-format COS Expertise database that is available to subscribing institutions and universities worldwide. COS also publishes a comprehensive database of funding opportunities which helps researchers identify funding to further their research. As a value-added service to members, COS provides sophisticated links and alerting tools between COS Expertise and COS Funding Opportunities.

Bibliographic Database Publishing

Research results are compiled and presented in bibliographic databases. COS offers project, patent, and publications databases in a variety of important disciplines, including biomedical science, agriculture, engineering, and geology. Subscriptions to these databases are typically sold directly to individuals or to libraries within academic and corporate institutions. COS specializes in presentations of bibliographic data that link intelligently between databases, giving Web users the ability to navigate easily to related information in their area of interest.

Electronic Journal and Society Publishing

COS has created an automated, full-text publishing system that produces sophisticated, non-PDF electronic journals "on-the-fly" directly from a database of the electronic typesetting file that is currently used to produce the print version of the journal. This automated system is available to publishers and rights-holders as a low-cost, efficient tool for entering the emerging market for electronic journals. The Company also has developed next-generation technology that permits professional societies to conduct business and produce editorial content in a secure Web environment, including the ability to electronically manage the peer-review process that underlies the production of scientific knowledge.

KEY PERSONNEL

Huntington Williams, III, 43, the president and chief executive officer. Mr. Williams joined the Company in December, 1993 and has been responsible for directing its World Wide Web publishing strategy. Mr. Williams was an independent consultant in telecommunications business policy from 1985 to 1993. From 1981 to 1985, he worked in investor relations and corporate affairs at the American Broadcasting Companies, Inc. Mr. Williams is a graduate of Yale College (1976) and Balliol College, Oxford (1980).

Daniel A. Jacobson, 31, chief technology officer, is well-known in biological database publishing circles as the creator of the Johns Hopkins BioInformatics Web server, one of the most comprehensive collections of advanced biological information applications on the Internet. Mr. Jacobson has developed Internet client-server platforms that integrate molecular sequence data, abstracted bibliographic data, patent information, and enzyme classification data. He has integrated homology or similarity detection algorithms running on a mass parallel supercomputer with a World Wide Web front end, combined with subsequent Web retrieval of the full database entries for each similar sequence found, and was the first person to develop World Wide Web-based field searching interfaces for molecular sequence databases. Mr. Jacobson has worked with the Company since December, 1993.

BACKGROUND INFORMATION

Community of Science, Inc. is located in Baltimore, Maryland and is privately held. The Company was founded in 1988 by Johns Hopkins University to create an international database of scientific research. From this foundation the Company has expanded to provide information for and about scientists using the World Wide Web as a common platform. More information about the Company can be obtained by visiting the home page at http://cos.gdb.org or by calling 410-563-2378.