The Monster Board Selects Verity's Search'97 Platform for Web-Based Career Site; Enables Job Seekers Quick and Accurate Searches Within Premier Career Center on the Web

Business Wire, Feb 19, 1997

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Feb. 19, 1997--Monster Board today announced it has selected Verity Inc., (NASDAQ:VRTY), a leading provider of search and retrieval applications for the enterprise and Internet, to provide the search and retrieval technology for its on-line career site.

The Monster Board web site, located at www.monster.com, provides an extensive on-line career database and wide range of services that allow recruiters and job seekers to webcast job opportunities, post resumes, research companies, and locate career opportunities.

The Monster Board used Verity's SEARCH'97 Developer Kit to develop the search and indexing engine that met their specific requirements. The Verity search technology enables job seekers to quickly locate opportunities within selected locations or industries. Users send resumes to The Monster Board's "Resume City", which are full-text indexed and searchable by recruiters.

Likewise, companies can post job listings, which are also full-text indexed and searchable by prospective job candidates. In addition, The Monster Board also provides Employer Profiles which enable users to research over 4,000 leading corporations worldwide.

"Today, we have more than 25,000 people visit our site everyday," said Howard Schultz, vice president of operations at The Monster Board. "Scalable search technology is key to support that level of commitment. Verity search technology has proven to be a core factor in our ability to help companies create effective on-line recruiting strategies and also assist individuals to quickly locate the right career opportunities."

"We are pleased to be an integral part of The Monster Board's important effort to electronically link job seekers and recruiters," said Philippe Courtot, chairman and CEO of Verity Inc. "Verity's technology will enable The Monster Board to provide a one-stop service that provides searchable resources crucial to the recruitment and job search processes."

About Verity's SEARCH'97 Product Suite

The SEARCH'97 product suite includes SEARCH'97 Information Server, SEARCH'97 CD-Web Publisher, SEARCH'97 Agent Server Toolkit, SEARCH'97 Developer's Kit, SEARCH'97 Personal for Microsoft Exchange and SEARCH'97 Information Server for Microsoft Exchange.

Verity is expanding the product line to include its SEARCH'97 Personal products for Netscape Navigator and Microsoft Explorer, which are scheduled for availability in February 1997, as well as a number of intelligent search components that enhance query ease and accuracy, enable the visualization of information and expand information navigation capabilities.

About The Monster Board

The Monster Board is the premier career center on the Internet, providing free access to over 55,000 current job postings. More than 4,000 companies are currently posting jobs on the site, and over 70,000 resumes have been placed in The Monster Board's "Resume City", an on-line database that can be accessed by subscribing companies.

Each month approximately 600,000 people visit The Monster Board to look for positions and gather information on furthering their career. The Monster Board, based in Framingham, is a service of TMP Worldwide.

TMP Worldwide is ranked among Advertising Age's 1996 list of the top 20 U.S. advertising agencies and is the largest yellow pages and recruitment advertising agency in the United States.

About Verity

Verity Inc. was founded in April 1988 and is headquartered in Sunnyvale, Calif. Verity develops and markets software tools and applications for searching, retrieving and filtering information across the Internet, enterprise and CD-ROMs. Verity's products have been licensed to corporations, government agencies, on-line service providers, Internet publishers and developers worldwide.

Verity partners include: Adobe Systems, AT&T WorldNet, Dow Jones, Hitachi, Individual Inc., Informix Software, Lotus Development Corp., Netscape Communications, PC DOCS, SAP, SCO, Sybase Inc., WavePhore and many others.

This release contains forward looking statements relating to the company and its SEARCH'97 products under development, including the expected features and performance and estimated dates of commercial availability. The successful development and release dates for these products are subject to potential delay and other risks inherent in software development.

Also, there is no assurance that the products will achieve market acceptance, due to the rapidly changing market for the company's products, competition and other factors. These and other risks relating to Verity's business and product development efforts are as set forth in the company's Form 10-K and filed with the Securities and Exchange Commission.

For more information contact Verity at info@verity.com or at the World Wide Web site http://www.verity.com/ or by calling 408/541-1500. -0-

Note to Editors: Verity and SEARCH'97 are Trademarks of Verity Inc. in the United States and other countries. All other trademarks are the property of their respective holders.