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Index Stock Imagery To Offer Scholastic's In-House
Studio Images

New York, NY - January 2004 - Index Stock Imagery, the independent source of imaginative images, is pleased to announce a new marketing alliance with Scholastic, the global children's publishing and media company, to make available Scholastic's high quality images to Index customers. The images created by Scholastic's in-house production department, “Studio 10,” will be available digitally through Index's advanced e-commerce site at – www.indexstock.com .

Scholastic's rapidly expanding collection of images which are tailored to the contemporary needs of the education environment, including photos that illustrate children in various stages of development, from toddlers to teens. All are model released and represent a contemporary ethnic and social mix.

Index Stock Imagery will market the images exclusively through its award-winning site and global network of sub-agents. They can be searched using Index's sophisticated search engine and immediately downloaded for use at high resolution. Their superior quality and contemporary look make them marketable for all forms of advertising and graphic design needs.

Scholastic's Studio 10 is a fully equipped daylight 2,200 square foot studio with state-of-the art digital and film facilities, owned by Scholastic Inc. Studio 10 develops product images and sets, and produces original on-location shoots. It has provided photographic services for some of the leading companies in the United States, including FAO, Inc., Fisher Price, and Kiddieland Toys, among many others. Studio 10 is located in the heart of SoHo, in New York City at 568 Broadway (between Prince and Houston).

Scholastic Corporation (NASDAQ: SCHL) is the world's largest publisher and distributor of children's books. Scholastic creates quality educational and entertaining materials and products for use in school and at home, including children's books, magazines, technology-based products, teacher materials, television programming, film, videos and toys. The Company distributes its products and services through a variety of channels, including proprietary school-based book clubs, school-based book fairs, and school-based and direct-to-home continuity programs; also retail stores, schools, libraries, and television networks; and the Company's Internet Site, www.scholastic.com http://www.scholastic.com .

“We expect this to be very successful,” states Dan Russelman, President of Index. “We have a long history of supplying Scholastic with high-quality images. We also have a great reputation for innovative image marketing. The people at Scholastic have been wonderful to work with.”

Index Stock Imagery, The Independent Choice For Your Imagination , is an award winning and innovative supplier of digital images. It was the first stock agency to begin storing and distributing images electronically. It started scanning its collection in 1992, and launched its first e-commerce site in 1994. The agency now has 650,000 images available online - one of the largest and most complete collections of commercial images in the world. Its collection includes 75,000 Royalty Free images, along with emailable lightbox and shopping cart functionality. Qualified customers receive customized price grids and high-res comps. Mac users can enjoy a Mac interface and all loyal customers receive gifts through the Customer Rewards Program featured on the Index site.

Index Stock Imagery, Inc. and Scholastic, Inc are registered trademarks.

Contact:

Pat Hunt

800-729-7466

212-929-4644