Jehovah's Witnesses Question

I don’t mean any offense by this, but is it true that the Jehovah’s Witnesses faith stemmed from a publishing company? I remember someone telling me that at one time, but I can’t find any cites to back it up. Can someone please tell me if this claim is in any way true?

The official corporate organization of what is known as the “Jehovah’s Witnesses” includes two non-profit corporations called the Watch Tower Bible and Tract Society (“of New York” and “of Pennsylvania”). In other words, these are publishers of Bibles and religious tracts, not Bantam Doubleday Dell. I’m not sure what exactly the difference in function is between the WTB&TS of N.Y. and the WTB&TS of Pa. This site also gives more information about the JW’s/WTS from a reasonably balanced outside perspective.