Hoover's, Inc. Expands Biographies And Advanced Search Tool On Hoover's Online

FOR IMMEDIATE RELEASE

AUSTIN, Texas -- May 7, 2002 -- Hoover's, Inc. (Nasdaq: HOOV), a leading provider of business information, today announced enhancements to its Hoover's Online (www.hoovers.com) service. Hoover's Online subscribers now have access to additional relevant information on company and industry leaders, as well as new search fields within Hoover's Advanced Search tool to allow for more targeted queries.

Hoover's Online has expanded its executive biographies to include age, salary, bonus and company address, in addition to biography, name and title. The biographies also now include a listing of other company affiliations - all companies in Hoover's database with which an executive is associated. Certain biographies also contain a new work history section, which details any archived title and salary information.

As a further enhancement, Hoover's Online subscribers can use additional search criteria within Hoover's Advanced Search tool, including stock exchange, assets, auditors and ZIP code range. The entire Hoover's database is now searchable using more than 25 different criteria.

"We're excited to offer expanded biographies and additional search options, since these particular enhancements come in part as a response to the comments and requests of many of our Hoover's Online subscribers," said Russell Secker, Hoover's executive vice president of marketing. "We will continue efforts to provide our customers with the content and tools they need to stay competitive."

About Hoover's, Inc.

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, recruiting 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 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, the success of new features and tools from Hoover's Online, 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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