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Phillips signs letter of intent to buy Launchspace publications

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Potomac, Md.--Phillips Business Information has signed a letter of intent to buy Launchspace magazine, the ``International Space Industry Report'' newsletter, launchspace.com and other assets from Launchspace Publications, McLean, Va. Terms of the deal were not disclosed. Marshall Kaplan, founder of Launchspace, will relocate to Phillips' headquarters in Potomac and assist in efforts to build the Launchspace products.
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