Hoover's, Inc. Expects To Exceed Fiscal First Quarter Revenue, Earnings Estimates

FOR IMMEDIATE RELEASE

AUSTIN, TEXAS - June 13, 2002 - Hoover's, Inc. (Nasdaq: HOOV), a leading provider of business information, today announced that fiscal first-quarter revenues and earnings, for the period ending June 30, 2002, are expected to exceed the company's prior estimates. The company currently expects revenue will be between $7.6 million and $7.7 million, and earnings will be between $0.01 and $0.02 per share for the June quarter. Previous revenue estimates for the fiscal first quarter were between $7.3 million and $7.5 million, and previous earnings estimates were $0.01 or less.

The company reiterates its prior guidance for the remainder of the year. Thus, given the June quarter performance, the company expects revenue to increase by 3% to 5% on a year-over-year basis, with earnings expected to be between $0.06 and $0.08 per share.

The impact this upward revision will have on full-year estimates will be further discussed when the company addresses actual results in its regularly scheduled earnings teleconference, currently intended for 10:00 a.m. Central on Wednesday, July 24, 2002. Management expects to release earnings results on Tuesday, July 23, 2002, following the close of the Nasdaq's regular trading session.

About Hoover's, Inc. - The Business Information Authority(tm)

Hoover's, Inc. (Nasdaq: HOOV) is a leading provider of business information. Hoover's publishes authoritative information on public and private companies worldwide, and provides industry and market intelligence. This information, along with advanced searching tools, is available through Hoover's Online (www.hoovers.com), the company's premier online service that helps sales, marketing and business development professionals and senior-level executives get the global intelligence they need to grow their businesses. Hoover's business information is also available through corporate intranets and distribution agreements with licensees, as well as via print and CD-ROM products from Hoover's Business Press. Hoover's investors include AOL Time Warner (NYSE: AOL), Media General (NYSE: MEG), and Knowledge Universe. Hoover's is headquartered in Austin, Texas, and has offices in New York City and San Francisco.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995 This press release contains forward-looking statements relating to future events or results that involve risks and uncertainties, including statements regarding the company's expected financial performance for the quarter ended June 30, 2002 and the fiscal year ended March 31, 2003. Among the important factors which could cause actual results of Hoover's, Inc. to differ materially from those contained herein include the development and success of new features and tools on Hoover's Online, expected benefits of strategic relationships, both the short and long term industry outlook for the growth of online business services, retention of existing subscribers and customers, the company's ability to attract new subscribers and customers, its ability to achieve and sustain positive cash flow on a continued basis, competition, economic conditions specific to the Internet, as well as general economic and market conditions, and other factors detailed in the Hoover's, Inc., reports and documents filed from time to time with the Securities and Exchange Commission, including its recent Form 10-K and Form 10-Q filings.

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