Hoover's Joins As Verity's Federated Infrastructure Partner

For Immediate Release

Hoover's Capsule Search Portal Windows Now Available To Verity K2 Enterprise Customers

AUSTIN, TEXAS - August 7, 2002 -Hoover's, Inc. (Nasdaq: HOOV), a leading provider of business information, today announced it is providing its Hoover's Capsule Search Portal Windows to Verity for integration with the new Verity K2 Enterprise (K2E) version 4.5. Verity, Inc. is the leading provider of infrastructure software that powers corporate intranets, e-commerce and information sites, as well as e-business applications. Hoover's Capsule Search Portal Windows are navigational windows into Hoover's Online (www.hoovers.com).

Verity K2E's new Federated Infrastructure enables dynamic integration of information by allowing users to make a single query to bring back accurate results from external content sources, including Hoover's Capsule Search Portal Window, which delivers Hoover's coverage of public and private companies worldwide, in addition to news, and biographical and product information.

"Verity is an established leader in powering business-critical applications for an impressive customer base, and we're excited to be able to offer these customers direct, one-click access to Hoover's Online," said Carl G. Shepherd, Hoover's executive vice president of corporate strategy and development. "The seamless integration of Hoover's Portal Windows with Verity K2 Enterprise allows users to spend less time looking for the right information and more time acting on it."

"One of our goals is to provide our customers with quick and easy access to critical corporate information, as well as external information," said Mike Zuckerman, Verity's vice president of marketing. "This integration of Hoover's Company Information further enhances our ability to reach this goal. With Verity's Federated Infrastructure, our customers can now effectively access Hoover's high-quality information on worldwide companies, industries and the people who lead them."

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 that helps sales, marketing and business development professionals and senior-level executives get the global intelligence they need to grow their businesses. This information, along with advanced searching tools, is available through Hoover's Online (www.hoovers.com), the company's premier online service 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 the success of the company's strategy. 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, 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 or net profits on a continued basis, competition, economic conditions specific to the Internet, as well as general economic and m, and other factors detailed in Hoover's 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.

This press release contains forward-looking statements relating to Verity and the expected performance of its Federated Infrastructure technology with Hoover's Portal Windows. Actual results are subject to risks and uncertainties including the risk that integration of the Hoover's Portal Windows with Verity K2 Enterprise will be delayed or not occur, or not perform as anticipated, as a result of unforeseen technical difficulties. Risks relating to Verity and its products are set forth in its Form 10-K and subsequent reports filed with the United States Securities and Exchange Commission under the caption "Risk Factors".

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