Verity, Inc. announced that it has named Gary J. Sbona to the position of Chairman of its Board of Directors. Sbona has been Verity’s President and Chief Executive Officer since July 1997 and has been a Board member since May 1998. Verity also announced that it has extended its agreement with Regent Pacific Management Corporation to run through August 31, 2000. Under the amended agreement, Regent Pacific continues to provide the services of Gary J. Sbona as President and Chief Executive Officer, and continues the services of other principals of Regent Pacific who have been part of Verity’s executive management team since July 1997. The new agreement provides Verity with an option to further extend the term of this agreement through February 2001.