Chapters Online Selects Verity For Unique, First-of-a-Kind E-Commerce Solution; Verity K2 Toolkit Delivers Precise Results to Both Brick-and-Mortar and Online Buyers.Business Editors and High Tech Writers SUNNYVALE, Calif.--(BUSINESS WIRE)--April 11, 2000 Verity, Inc. (Nasdaq:VRTY), a leading provider of enterprise and Internet knowledge retrieval solutions, today announced that Chapters Online Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :COL), the Canadian e-commerce company that operates leading Canadian destination sites for online shoppers, has selected Verity's K2 Toolkit to provide high performance knowledge retrieval solutions to its customers. Chapters Online chose Verity's proven technology to provide precise and accurate e-commerce search and retrieval with the goal of helping customers find the products they want to purchase, quickly and easily. With over 2.5 million book titles, over 240,000 music titles, more than 70,000 videotapes and DVDs as well as software, video games See video game console. and electronics, Chapters Online knew they needed to have a knowledge retrieval system that would scale quickly and easily as well as help customers immediately locate items they are interested in because if your customers can't find it, they won't buy it. Additionally, Chapters Online is unique among e-commerce companies in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , having taken an integrated "clicks and mortar Also called "bricks and clicks," it refers to businesses that offer online services via the Web as well as the traditional retail outlets (offline) staffed by people. Coined in 1999 by David Pottruck, co-CEO of the Charles Schwab brokerage firm, it refers to running the two divisions in a " approach to retailing with its parent company Chapters, Inc. Each of Chapters' 70 brick-and-mortar stores, located throughout Canada, provides e-commerce kiosks connected to the Chapters Online book database, where customers can search not only the titles located in the individual store, but the entire online book inventory available at www.chapters.ca. This online integration of physical store and virtual store inventory enables in-store customers to access a much more extensive ranges of titles. Customers can also purchase books from Chapters Online through the e-commerce kiosks and have their orders shipped to them free of charge. "Chapters and Chapters Online have developed one of the most sophisticated book retailing operations in the world by pioneering a whole new model for doing business, both in person and on the net," said Anthony Bettencourt, president of Verity. "This is one of the first instances of successfully integrating a brick-and-mortar store with a high-volume e-commerce site, providing shoppers with convenience, selection, and prices that can't be duplicated. We're extremely proud that the Verity K2 toolkit has been chosen to power this strategic online destination." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Rick Segal, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Chapters Online, "Verity's solution gave us an important tool to meet the overwhelming demand we faced just as soon as we opened our online site to buyers: delivering incredible accuracy in returning the titles our buyers requested. In addition," Segal continued, "Verity's solution has provided the speed, scalability and precision we were looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. . Verity is able to update collections and prices in minutes, rather than the hours it took with our previous implementation. We have experienced an almost 3,000% increase in unique customers in one year, and Verity's technology has continued to keep pace." About Verity K2 Toolkit Verity K2 Toolkit allows brokered search across multiple servers and multiple CPUs to provide the most relevant search results from many information sources without sacrificing the speed or accuracy of the results displayed. As the number of users, queries, or amount of data increases, K2 applications can keep pace with increased demands by adding new CPUs or servers to the network without bringing down the application. Providing 24x7 fault tolerant The ability to continue non-stop when a hardware failure occurs. A fault-tolerant system is designed from the ground up for reliability by building multiples of all critical components, such as CPUs, memories, disks and power supplies into the same computer. operations, the Verity K2 Toolkit isolates failures of individual nodes or servers from the rest of the system, ensuring that applications are available when they are needed. The Verity K2 Toolkit supports tight integration with both COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. and Javaobject models, allowing easy integration across a wide range of application servers and Java environments. With industry-standard C language APIs, Verity's K2 Toolkit helps speed application deployment and gives corporate accounts added flexibility in application development, especially for e-commerce and business-to-business application solutions. About Chapters Online Chapters Online Inc. (TSE:COL), is a Canadian e- commerce company which operates www.chapters.ca and www.gardencrazy.com, leading Canadian destination for online shoppers. The Chapters.ca Web site features millions of book, music CD, video, DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. , software and video game titles as well as consumer electronics from around the world at Canadian prices and with a unique focus on products of interest to Canadians. The Gardencrazy.com Web site features a wide selection of plants as well as gardening apparel, tools, and accessories. Committed to providing a convenient and hassle-free e-commerce experience, Chapters Online's Web sites offer a secure shopping environment, easy-to-use search tools, and industry-leading customer service. Chapters Online also supports the growth of Canada's e-commerce industry, operating one of the Internet's leading affiliate programs for Web site owners. In September 1999, Chapters Online became a separate, publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. from Chapters Inc. Chapters Inc. (TSE: CHP CHP Chapter CHP Combined Heat and Power CHP California Highway Patrol CHP Cumhuriyet Halk Partisi (Turkish: Republican People's Party) CHP Chemical Hygiene Plan (OSHA) CHP Community Health Plan ), Canada's largest book retailer, retains a majority ownership stake in Chapters Online and together the companies operate e-commerce kiosks at all Chapters stores across Canada Across Canada was an afternoon program that formerly aired on The Weather Network. The segment ran from early 1999 until mid 2002. The show ran from 3:00PM ET until 7:00 PM ET. . To learn more about Chapters Online, please visit the Web site at http://www.chapters.ca. About Verity Verity is a leading provider of knowledge retrieval solutions. Verity's product suite powers corporate portals, e-commerce sites, online publishing and media sites, customer care applications, and products from market-leading OEMs and ISVs. Verity solutions simplify the management and use of information by indexing, classifying, organizing, searching and retrieving data, as well as providing personalized information delivery and hybrid online and CD publishing. Verity's products are used by more than 1,000 corporations, e-commerce sites, government agencies, online service providers, Internet publishers and software developers worldwide. Verity alliances include Adobe Systems, AT&T, CDNOW, CNET (body) CNET - Centre national d'Etudes des Telecommunications. The French national telecommunications research centre at Lannion. , Cisco, Compaq, Dow Jones, Easy Software, EarthWeb, Ernst & Young, Financial Times, Globe and Mail, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , MD Consult, NewsEdge Corporation, Informix, Lotus, NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. , SAP, Siemens, Snap.com, Sybase and Time New Media. This press release contains forward-looking statements relating to Verity and the expected performance of its Verity K2 Toolkit products. Actual results are subject to risks and uncertainties. Risks relating to Verity and its products are set forth in its Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and other reports filed with the Securities and Exchange Commission. For more information, contact Verity at info@verity.com or at World Wide Web site http://www.verity.com/ or by calling 408-541-1500. Verity and the Verity logo are registered trademarks or trademarks of Verity, Inc. All other trademarks are the property of their respective owners. |
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