And first the news.....
HOOVER'S ONLINE SIGNS AGREEMENT WITH REUTERS TO EXPAND COVERAGE OF
EUROPEAN
Companies
Hoover's to Produce Company Profiles on FTSE 350 Companies as Part of
Expanded
Relationship With Reuters
AUSTIN, Texas, April 15 /PRNewswire/ -- Hoover's Online
(http://www.hoovers.com), a leading provider of business information on
the Internet, announced today that it has entered into a long-term
agreement with Reuters (http://www.reuters.com), the global news and
information group, to increase Hoover's in-depth coverage of companies
based in the United Kingdom.
Under the terms of the agreement, Hoover's Online will research, write
and publish new, in-depth Hoover's Company Profiles for companies
comprising the FTSE 350. Reuters will provide both research and
financial support to Hoover's to enable rapid creation of the new
Company Profiles. Each Hoover's Company Profile contains detailed
company information, including the firm's strategy, history, location,
products, services, key competitors, up to 10 years of summary
financials and its top officers and Web site. The information will be
available through both Hoover's Online and Reuters.
As part of the expanded agreement, Hoover's will continue to provide
Reuters with its entire collection of Hoover's Company Profiles on more
than 3,500 public and private companies worldwide. Additionally,
Reuters will distribute all Hoover's Company Capsules, covering nearly
14,000 business entities throughout the world, as well as Hoover's
Industry Snapshots, which offer comprehensive analyses of industry
trends. Reuters customers can access the Hoover's Industry Snapshots,
Capsules and Profiles through Reuters Business Briefing
(http://www.reuters.com/rbb), a global information tool and source of
business information, delivering breaking news, historical analysis,
competitive intelligence, news photos, exchange rates and stock quotes.
Over 10,000 stories per day in 21 languages from 4,000 sources,
including the world's leading newspapers, newswires, trade journals and
magazines, are available through Reuters Business Briefing.
"We are excited by the prospect of working with Reuters to cover the
influential UK companies that make up the widely quoted FTSE 350
index," said Gordon Anderson, editor in chief of Hoover's Online. "As
Hoover's expands coverage of companies outside the United States, our
new relationship with Reuters will enable us to move faster to provide
the coverage our viewers have come to expect from Hoover's Online and
deliver that coverage to Reuters customers as well."
Michele Lally, Director of Reuters Corporate and Media Information
Group, said, "Reuters has long recognized Hoover's editorial expertise
when it comes to profiling the world's most dynamic enterprises.
Original analysis on UK companies produced by a source with Hoover's
credibility is the sort of value-added information that Reuters
Business Briefing customers have come to expect from us."
About Hoover's, Inc.
Hoover's is a leading provider of business information on the Web.
Hoover's provides high-quality, engagingly written and useful
information about nearly 14,000 of the world's largest, fastest-growing
and most influential public and private enterprises. Hoover's Company
Information is available on its own Web site, Hoover's Online
(http://www.hoovers.com), as well as through relationships with more
than 30 Internet and online services including AltaVista, America
Online (NYSE: AOL), Yahoo! (Nasdaq: YHOO), Infoseek (Nasdaq: SEEK),
Microsoft (Nasdaq: MSFT) and Reuters (LSE: RTR.L; Nasdaq: RTRSY). Time
Warner (NYSE: TWX), Media General (Amex: MEG.A) and Infoseek are
investors in Hoover's.
About Reuters
Reuters Group PLC supplies the global financial markets and the
news media with the widest range of information and news products
including real-time financial data, collective investment data,
numerical, textual, historical and graphical databases, plus news,
graphics, news video, and news pictures, reaching 485,000 users located
in 57,900 organizations. Reuters designs and installs enterprise-wide
information management and risk management systems for the financial
markets as well as providing equity and foreign exchange transaction
systems. It extensively uses Internet technologies for wider
distribution of information and news. The Group employed 16,938 staff
members in 218 cities in 96 countries on December 31, 1998. Reuters is
the world's largest news and television agency with 2,072 journalists,
photographers and camera operators in 216 bureaus serving 157
countries. News is published in 23 languages.
Reuters and Reuters Business Briefing are the trademark and registered
trademark of the Reuters Group of companies around the world.
Contact: Hoover's, Inc. Reuters Ltd.
Lisa Glass Kurt Will
1-512-374-4662 44-171-542-4581
lglass@hoovers.com kurt.will@reuters.com
SOURCE Hoover's, Inc.
-0- 04/15/99 /CONTACT: Lisa Glass of
Hoover's, Inc., 512-374-4662 or email, lglass@hoovers.com; or Kurt Will
of Reuters Ltd., +44-171-542-4581 or email, kurt.will@reuters.com/
/Web site: reuters.com /Web site:
reuters.com
/Web site: hoovers.com
CO: Hoover's, Inc.; Reuters Group PLC; Reuters Limited ST: Texas,
England, New York IN: MLM FIN SU:
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