Hoover's Teams With CCN Newswire To Offer Co-Branded Version Of Hoover's Intelligence Monitor

FOR IMMEDIATE RELEASE

Alliance Offers Canadian PR And IR Professionals Access To Hoover's Newest Subscription Service

TORONTO, ONTARIO - June 5, 2001 - CCN Newswire, a leading disseminator of news releases for Canadian organizations, along with Hoover's Media Technologies (HMT), a subsidiary of Hoover's, Inc. (Nasdaq: HOOV), today announced an agreement to provide a subscription service for IR and PR professionals to gather online competitive intelligence. Hoover's is a leading provider of online business information, tools, and content integration and syndication technology, and operates Hoover's Online (www.hoovers.com), the premier online information resource for businesspeople.

As part of the agreement, CCN Newswire's clients will be offered access to a co-branded version of Hoover's Intelligence Monitor, a subscription service that enables subscribers to easily monitor more than 7,700 news wires, newspapers, magazines, Web sites and broadcast channels for mentions of the companies, people, products, trends and other topics that are important to them.

Visitors to http://eservices.ccnnewswire.com/ccnnewswire/clients-hoovers.html will be able to try Hoover's Intelligence Monitor at no charge for two weeks.

"As clients of CCN Newswire, investor relations and public relations professionals in Canada will now be able to take advantage of the powerful Hoover's Intelligence Monitor tool," said Carl Shepherd, executive vice president, Hoover's. "This alliance with CCN Newswire, which is one of Canada's leading distributors of news releases, helps us to bring busy professionals the information they need to better keep up with their competitive environment."

"IR and PR professionals around the world spend a lot of time every day gathering, screening and forwarding the news in their industries to their colleagues or management," said Michael Nowlan, chief operating officer at CCN Newswire. "This agreement with Hoover's enables CCN Newswire to offer a high-quality intelligence-gathering solution to our clients. By partnering with Hoover's, we are expanding our range of outstanding IR and PR services for our clients."

About CCN Newswire

Founded in 1983, CCN Newswire (formerly Canadian Corporate News) is now one of Canada's leading distributors of full-text news releases. It was acquired in 1999 by International Teledata Group (ITG). In Canada, ITG's portfolio of services includes: CCN Newswire, Matthews Media Services, Rapidcast fax and e-mail communication tools and Ventriloquist direct voice solutions. ITG is controlled by Tricaster Capital Corporation, a North American merchant bank specializing in telecommunications and e-business opportunities. Tricaster Capital Corporation is controlled by the Campbell family of Toronto.

About Hoover's, Inc.

Hoover's, Inc. (Nasdaq: HOOV) provides online business information, tools, and content integration and syndication technology to help businesspeople get their jobs done. Hoover's information is available through its destination sites Hoover's Online (http://www.hoovers.com) and the company's other sites in France, Germany, Italy, Spain and the U.K., through syndication and co-branding agreements with more than 30 other online services, and through customized applications developed for enterprise information portals, corporate intranets and business-to-business vertical and content sites. Hoover's investors include AOL Time Warner (NYSE: AOL), Media General (AMEX: MEG.A), NBC -- a unit of General Electric (NYSE: GE), and Knowledge Universe, through its Knowledge Net Holdings and Nextera Enterprises (Nasdaq: NXRA) units. Hoover's is headquartered in Austin, Texas, and has offices in London, New York City and San Francisco.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking statements relating to future events or results that involve risks and uncertainties, including statements regarding the expected benefits of strategic relationships, future services and new products. Among the important factors which could cause actual results of Hoover's to differ materially from those in the forward-looking statements are the market demand and acceptance of new and enhanced services, including the Hoover's Intelligence Monitor, the success of new features and tools from Hoover's Media Technologies, the retention of subscribers and customers, ability to attract new subscribers and customers, competition, economic conditions specific to the Internet, as well as general economic and market conditions and other factors described in Hoover's reports and documents filed from time to time with the Securities and Exchange Commission, including its prospectus and recent 10-K and 10-Q filings.

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