Chase Selects LexiQuest for Natural Language Information Retrieval on ChaseWeb

Chase is the first major U.S. financial institution to choose LexiGuide

New York - Tuesday, August 1, 2000 - The Chase Manhattan Bank, lead subsidiary of The Chase Manhattan Corporation (NYSE: CMB), has chosen LexiQuest, Inc. to provide a first-of-its-kind, user-friendly, natural language interface to benefit the 70,000 employee users of ChaseWeb. Employees in 47 different business units of Chase use ChaseWeb, the financial institutions worldwide Intranet.

Chases agreement with LexiQuest is part of a major effort to make ChaseWeb a more usable, accessible and friendly environment for all employees. The innovative interface -- LexiGuide -- will give every ChaseWeb user the power to conduct efficient, skillful research, more readily than ever before. Chase, which will implement LexiGuide in August 2000, is the first major financial institution in the United States to embrace this advanced technology.

This technology will help Chases employees be more productive as they can search for information and get the most relevant results," said Marisa Paladino, Chases Intranet Technology Manager.

Initial tests on ChaseWeb have demonstrated that LexiGuide more than doubles the accuracy of document retrieval and information sharing when compared against traditional search methods. LexiGuides fully automated computational linguistic technology allows users to ask questions in their own words, without the traditional limitations of only using key words.

Using LexiGuide, ChaseWeb provides the precise information employees are seeking while filtering out noise, distractions, and most important, irrelevant documents.

About The Chase Manhattan Corporation

The Chase Manhattan Corporation (www.chase.com) is a premier global financial services firm with assets in excess of $390 billion. Chase combines the best of commercial and investment banking, offers world-class information and transaction processing services, and has a leading U.S. consumer franchise that serves 32 million customers. Through its newly formed business unit Chase.com, Chase is successfully creating innovative business models for the New Economy. Chase, with offices in more than 45 countries, has a presence in all of the principal financial centers around the world.

About LexiQuest, Inc.

LexiQuest, Inc. (www.lexiquest.com) headquartered in New York, has one of the largest linguistic Ph.D. teams in the information retrieval and natural language processing software sector. The companys groundbreaking core technology was developed in cooperation with the European Economic Commission (EEC). Steering a consortium of eleven companies from member countries, LexiQuest defined the "Generic Lexicon (GENELEX)" standard, which evolved into the linguistic software tools and grammar applications that make LexiQuest such an incomparable software solution today. Beyond that, the company has created landmark applications for automatic indexing and knowledge extraction. The company was founded in Paris under the original name Erli SA, and today is the outcome of two decades of landmark research into the technology of computational linguistics and natural language processing.

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LexiQuest contact:
David Henderson
LexiQuest, Inc.
212/752-2750, ext. 16
Email: david.henderson@lexiquest.com