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TRANSLATIONS.COM ANNOUNCES FOUNDERS' STOCK RE-PURCHASE Will Create The World's 4th Largest Translation and Software Localization Provider

As the owners of TransPerfect Translations, the world's leading document translation company, Elting and Shawe have made a stock acquisition which paves the way for the creation of the world's 4th largest translation and software localization firm. The combined entities will have 290 full-time employees and over $50 million in annual revenues.

Elting said, "While we've always leveraged the strengths of both firms to the benefit of our clients, we are excited to now provide an even more comprehensive solution."

“With offices in 27 cities worldwide and 6 full service production centers across the United States, Europe and Asia, we are pleased to offer our clients truly global 24/7 production capabilities. Additionally, all clients will have expanded access to world-class project managers, localization engineers, and linguists,” Shawe added.

Translations.com has 24 offices worldwide and operates localization production centers in New York, Boston, San Francisco, Portland, London, and Hong Kong.

About Translations.com

Translations.com is known worldwide for the quality of its software and website localization, as well as its enterprise language solutions for clients in virtually every major industry. Translations.com's business services meet the strategic needs of organizations seeking to communicate and conduct business in international markets. The company has an established global presence on three continents and continues to pioneer new techniques and technologies for the rapid development of multilingual business solutions.

Translations.com is part of the TransPerfect global group of companies. For more information, please visit www.translations.com, or email the company at info@translations.com.