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TALX to Provide Degree Verifications Through Alliance With National Student Clearinghouse; New Service Enhances the Value of The Work Number Verification Service
ST. LOUIS, Jul 23, 2002 (BUSINESS WIRE) -- TALX Corporation (NASDAQ:TALX) a leading business process outsourcer of human resource, benefits and payroll services, and the National Student Clearinghouse, the leading educational verification service, have formed a strategic alliance to provide degree and enrollment verifications through The Work Number(R). Verifiers will be able to obtain education verifications in addition to employment and income verifications through The Work Number.

"Mortgage bankers, lenders, pre-employment agencies, employers and other verifiers regularly use The Work Number each month to obtain highly accurate and complete payroll-related information on applicants," said Bill Canfield, president and CEO, TALX Corporation. "By making education verifications available through The Work Number, we further improve the efficiency and speed of verifications for our customers. More information is available at one web site."

The National Student Clearinghouse provides immediate online access to degree and enrollment data from colleges and universities throughout the United States. Degree verifications are available from more than 285 post-secondary institutions representing over 20% of all degrees granted, while enrollment verifications are available on 91% of the nation's students from more than 2,700 post-secondary institutions.

"The Clearinghouse's exclusive partnership with TALX, the undisputed leader in employment and income verification, reaffirms our position as the leading provider of education verification services," said Dan Boehmer, president of the Clearinghouse. "More importantly, extending DegreeVerify access to The Work Number's impressive list of Fortune 1000 clients will play a key role in helping to achieve the Clearinghouse's goal of reducing credential fraud by increasing the visibility and reach of our services."

    About the National Student Clearinghouse
The National Student Clearinghouse, a non-profit association founded by the higher education community, streamlines the student record verification process for colleges and universities, students and alumni, lending institutions, employers and other organizations. The Clearinghouse maintains a comprehensive electronic registry of student records that provides a single, automated point-of-contact for organizations and individuals requiring timely, accurate verification of student enrollment, degree and loan data. Today, over 2,700 colleges, representing 91% of the nation's enrollment, participate in the Clearinghouse. Student loan providers, employers, student credit issuers, student health providers, the federal government and others access the Clearinghouse's registry over 100 million times annually to conduct electronic student record verifications. For more information about the National Student Clearinghouse, visit www.studentclearinghouse.org.

    About The Work Number(R)
The Work Number is America's leading employment and income verification service. The database has more than 60 million employee records under contract from more than 700 organizations nationwide. Over 35,000 mortgage bankers, lenders, Social Services agencies and other verifiers regularly use The Work Number each month to obtain highly accurate and complete information on applicants. The database is updated directly from the employers' payroll records every pay period. The Work Number is available via the Web at www.theworknumber.com.

    About TALX Corporation
TALX Corporation is a leading outsourced service provider for the human resource, benefits and payroll markets. TALX holds a leadership position in two key employment-related services - automated employment and income verification services via The Work Number(R) and unemployment cost management services through UC eXpress. TALX is also a leading provider of automated benefits enrollment services and a provider of automated time entry services. Based in St. Louis, Missouri, TALX empowers users to complete transactions independently utilizing available multimedia including Web, interactive voice response, speech recognition, fax and e-mail. TALX Corporation common stock trades on the NASDAQ Stock Market(R) under the symbol TALX. For more information about TALX Corporation call 314-214-7000 or access the company's Web site at www.talx.com.

Statements in this press release expressing the expectations of management may be forward-looking and involve uncertainties. TALX risk factors are detailed in documents filed with the Securities and Exchange Commission.

CONTACT:          TALX Corporation
                  Laura Browder, 314/214-7224
                  lbrowder@talx.com

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