FOR IMMEDIATE RELEASE June 1, 2003

American Finance Association Deploys Berkeley Electronic Press Electronic Submission and Editorial Management System

The Berkeley Electronic Press is pleased to announce the implementation of its EdiKit online submission and editorial management system by the American Finance Association and its flagship publication, the Journal of Finance. Beginning June 1, all submissions to the premier journal in the field of finance, as well as the review and adjudication of these submissions, will be handled electronically using Berkeley Electronic Press tools.

EdiKit is an Internet-based system enabling editors to manage their tasks in an efficient manner. Routine functions such as submission-tracking, review requests, correspondence, reminders to referees, and revise-and-resubmits are managed through EdiKit. The net effect is a substantial reduction in the workload for journal editors.

The American Finance Association's Journal of Finance employs EdiKit for all processes from submission through editor's decision. Final publication of the journal occurs after an electronic transfer of files from The Berkeley Electronic Press to Blackwell Publishers. The Journal of Finance receives close to 1,000 annual submissions.

About The Berkeley Electronic Press

Founded by academics in 1999, The Berkeley Electronic Press ("bepress") is both a publisher of peer-reviewed electronic journals and a software developer, having created the institutional repository platform that powers Digital Commons as well as the University of California's eScholarship Repository. The Company produces tools to improve scholarly communication via innovative and effective means of content production and dissemination. Bepress has a portfolio of products and services that reduces the costs of and barriers to access.

For additional information on bepress, please see: www.bepress.com.