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KnowX Expands Ability to Track Down Information on America’s Largest Corporations

KnowX Expands Ability to Track Down Information on America’s Largest Corporations

ATLANTA–(BUSINESS WIRE)–Feb. 24, 1998–

Public Information Site Adds Delaware Corporate Records and

Florida UCC Records

KnowX(TM) (http://www.knowx.com), the most comprehensive source of public records on the Internet, announces today the addition of Delaware corporate records and Florida Uniform Commercial Code records to its wealth of data that already exceeds 23 million records.

With this addition, KnowX users now have access to current business information on the more than 280,000 companies incorporated in Delaware, including 60 percent of the Fortune 500 companies and 50 percent of the companies listed on the New York Stock Exchange.

“Not only does KnowX provide users with important background information about some of the largest corporations in the United States, but the records are as current as those at the office of the Delaware Secretary of State,” said Peggy Eisenhauer, director of licensing. “As soon as the information is available from the state, it goes live on KnowX.”

With some of the most flexible corporation laws and one of the lowest incorporation costs in the nation, Delaware is a magnet for businesses. By searching Delaware corporate records, users can find a company’s official name, the names of its officers or partners, its good standing status, the registered agent, the principal address and document filing history.

KnowX users now also have access to commercial transaction information about the more than 400,000 businesses based in Florida. By searching Florida’s UCC records, users can find out about a company’s assets and encumbrances. UCC records can also help uncover the banking relationships of businesses and individuals. KnowX already provides UCC filing information from all 50 states and the District of Columbia.

“Uniform Commercial Codes are the ultimate public records because they are filed expressly to notify others about assets that have been pledged as collateral,” said Eisenhauer. “For example, a commercial lender can use UCC records to help determine a company’s current level of indebtedness.”

Florida’s UCC code covers the sales of goods, commercial paper, bank deposits and collections, letters of credit, bulk transfers, warehouse receipts, bills of lading, investment securities and secured transactions. By searching Florida UCC records, KnowX users can find up to a five-year history of state-level and county financing statements, amendments, continuations and terminations.

The site charges no sign-on or connection fees, and users only pay for the information they need. Most searches are 50 cents during peak hours and free to all users the rest of the day. The Florida UCC records search costs $1, and the Delaware corporate records search costs $6, per search.

Recently voted the No. 1 “Online Service” by the readers of Lawyers Weekly, KnowX provides professionals with easily accessible and affordable public records. Launched in February 1997, its databases contain millions of records, all compiled from official sources and updated regularly. With KnowX, all Web-enabled users can locate people and businesses, find professional licenses, uncover assets, conduct background checks on businesses, determine executive affiliations and verify if a business name is reserved or in use.

KnowX is a division of Information America (IA), which developed one of the world’s largest services that combines public records with information from proprietary sources to address the relationship between businesses, people and their assets. With 23 U.S. locations, IA provides online information and document retrieval services to legal firms, banks, government agencies and Fortune 500 corporations throughout the country and internationally. IA is a business unit of Eagan, Minn.-based West Group. With approximately $1.3 billion in 1997 sales and some 8,000 employees, West Group is the preeminent provider of information to the U.S. legal market. West Group is a division of The Thomson Corporation (TSE:TOC) and was formed when West Publishing and Thomson Legal Publishing merged in June 1996.

CONTACT: Duffey Communications

Mike Neumeier / Donna Freydkin

404/266-2600

miken@duffey.com / donnaf@duffey.com

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