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Bowne & Co. to Purchase Bankrupt Mendez S.A. Assets

Press release from the issuing company

NEW YORK, Aug. 2 -- Bowne & Co., Inc. (NYSE: BNE), the world's largest financial printer and the leader in globalization services through its Bowne Global Solutions division, today announced its agreement with Belgium-based Lernout & Hauspie Speech Products N.V. to acquire Mendez S.A. and related assets, for the purchase price of $44.5 million. Mendez is a leading provider of localization, translation technology and technical translation services. The agreement is subject to the approval of the U.S. Bankruptcy Court in Delaware and The Commercial Court in Ieper, Belgium. The U.S. Bankruptcy Court has scheduled a hearing for August 7, 2001.

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