PALM COAST, Fla. (Nov. 28, 2011) — Palm Coast Data LLC and New York Media LLC have reached an agreement to extend subscription fulfillment services through 2014 for New York magazine. The groundbreaking weekly magazine delivers first-class politics, business, culture, entertainment, lifestyle and fashion content reflecting the New York City point of view. Founded in 1968, New York now serves nearly 400,000 subscribers.

“New York is a well established, prestigious publication, and Palm Coast Data is delighted to continue this partnership,” stated Palm Coast Data President and CEO Michael Duloc. “Our full-service fulfillment solutions provide New York with a multitude of online and offline services that enhance quality, customer acquisition and retention, and cost savings.”

As the full-service fulfillment provider for New York, Palm Coast Data provides ecommerce; front-end processing; telephone, email and webchat customer service; mailing services; business intelligence; and more.

“Palm Coast Data has an extensive track record of consistently delivering superior quality and service,” stated Kit Taylor, New York Media’s Chief Operating Officer. “We reach a large, sophisticated audience, and Palm Coast Data has the capacity and innovation that will continue to provide first-class solutions and support for New York and its subscribers.”

About Palm Coast Data:

Palm Coast Data LLC is a part of AMREP Corporation’s Media Services operations. It conducts subscription fulfillment and related services for publishers and other customers. PCD generates revenue by deploying high-tech, end-to-end fulfillment and marketing support solutions — such as ecommerce; billing and payment processing; direct mail; and customer service. The company serves numerous industries and offers specialized service lines for publishers and media companies as well as nonprofits and associations. For more information, visit www.palmcoastdata.com.

About AMREP Corporation.:

AMREP Corp. (NYSE: AXR) was organized in 1961 and, through its subsidiaries, is primarily engaged in four business segments: the Real Estate business operated by AMREP Southwest Inc. and its subsidiaries, the Subscription Fulfillment Services business operated by Palm Coast Data LLC and the Newsstand Distribution Services business and the Product Services and Other businesses operated by Kable Media Services, Inc. and its subsidiaries. For more information, visit www.amrepcorp.com.