Product Development Institute Continues to Grow!

ANCASTER, ONTARIO, CANADA -July 5, 2002-Product Development Institute announced today that its corporate office has moved to 34 Stone Church Rd., Suite 111, Ancaster, Ontario, L9K 1P4, Canada. The new larger office will better accommodate PDI's growing staff and clientele. It has held operations in Ancaster since 1996.

"We are extremely excited by our new office, as it will allow us to continue to grow our business vigorously, and provide improved flexibility for our daily operations", Scott J. Edgett, Chief Executive Officer, Product Development Institute.

About Product Development Institute
Product Development Institute (www.prod-dev.com) is dedicated to helping companies improve their approach to new product development and portfolio management. Led by internationally recognized experts in the field of product development, Drs. Robert Cooper and Scott Edgett, PDI provides executives and managers with a wide range of products and services aimed at improving companies' new product success rates. Cooper and Edgett have worked with more than 800 businesses, including most Fortune 500 companies, and have compiled the largest knowledge base on product development best-practices in the world.