As reported on: Market Watch website: http://www.marketwatch.com/news/story/PaperofRecordcom-Completes-Sale-Digital-Newspaper/story.aspx?guid=%7B5A34DF5A-BADC-487F-ADC9-20D66E45DA92%7D

PRESS RELEASE: “PaperofRecord.com Completes Sale of Digital Newspaper Archives to Google”

Canadian Digitized Newspaper Content to be Featured in Google News Archive

OTTAWA, ONTARIO, Dec 02, 2008 (MARKET WIRE via COMTEX) -- PaperofRecord.com(R), a pioneer in the creation of web-searchable, digitized historical newspaper page images, announces the sale of 20 million newspaper page archive to Google of Mountain View, California. This announcement concludes a two-year service agreement between PaperofRecord.com(R) and Google for the operation and delivery of historical newspaper digitized content to patrons worldwide. This agreement was passed by a majority vote of all shareholders of the parent company, Cold North Wind Inc.

PaperofRecord.com and its predecessor, Cold North Wind Inc, was the first company in the world to digitize the entire history of large metropolitan newspaper with The Toronto Star, circulation 650,000. This achievement followed by digitization projects in the Canada, United States, Mexico and Europe, cemented its place as a force on image digitization of historical documents. The digitization of the Diaries of William Lyon Mackenzie King, Canada's longest serving Prime Minister is a fine example of the technology utilizing digitization techniques combined with handwritten and typewritten pages.

http://king.collectionscanada.ca/EN/default.asp

"It is a bittersweet day for PaperofRecord.com. We are very pleased to have our legacy and vision of a 500 year, global, multiple language newspaper historical archive being placed in the stewardship of Google. As a Canadian entrepreneur, it is disappointing to not be able to muster the resources in our country to bring such a digital resource to its fruition at home. However, without the help and vision of a company such as Google, this immense, global, educational resource would not be possible on the scale that is being contemplated.", said R.J (Bob) Huggins, Founder and CEO of PaperofRecord.com.

"Acquiring the rights to the PaperofRecord.com content enabled us to include a robust set of Canadian newspaper content very quickly in our News Archives initiative -- such as the Quebec Chronicle-Telegraph, the oldest newspaper in North America -- as well as a number of interesting US newspapers.", according to Punit Soni, Product Manager, Google News Archive.

COLD NORTH WIND (CNW) was established in September of 1999 with the mission of bringing historical newspapers to life on the Internet for both the consumer and library markets. CNW delivers a broad range of media-related, e-content solutions and products. Paper of Record(TM) is an historical archive of full-page newspaper images dating from the 1700's-a collection that increases the value of individual or institutional offerings. This digital archive gives "old news" new life by facilitating access to the wealth of fact and opinion captured by historical newspapers.

PaperofRecord.com(R) (POR)

Conceived by electronic publishing and web pioneer, R.J. (Bob) Huggins of Ottawa, Canada. PaperofRecord.com is a Global pioneer of searchable newspaper image documents presented in their original published form. The Toronto Star, (circulation 650,000) became the first newspaper in the world to have its entire history from 1892 to present, digitized for the world to see and search. This revolutionary process changed forever how large metropolitan newspapers conduct their research and became the genesis for PaperofRecord.com(R).

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