EDGAR Online to Develop Proprietary News Product for ILX Systems, Inc.

Data Mining Technology Applied to Corporate Filings

NORWALK, CT, February 15, 2000 - EDGAR Online, Inc. (NASDAQ: EDGR) has signed a multi-year agreement to provide a proprietary news product to ILX Systems, a subsidiary of Thomson Financial. The news product will be made available via ILX’s 135,000 terminals worldwide. The new service, which uses EDGAR Online’s proprietary data mining technologies, will allow ILX to provide additional news coverage on the over 15,000 public companies in the EDGAR Online database. ILX is the largest provider of financial information systems to securities firms, banks and asset managers in the USA. EDGAR Online, Inc. is the leading Internet provider of business, financial and competitive information derived from U.S. Securities and Exchange Commission (SEC) data.

“Our collaborative effort with EDGAR Online will allow us to provide additional coverage not just on the Fortune 1,000 but on mid- and smaller size companies where there is typically a dearth of coverage,” said Bernie Weinstein, president of ILX Systems. “EDGAR Online has developed effective data mining methods to harvest actionable business news from these public company documents.” ILX intends to release the product later this quarter.

“Our agreement with ILX is one more step in expanding our off-Web distribution,” said Susan Strausberg, CEO of EDGAR Online, Inc. “This contract holds the potential of increasing by a factor of five the number of people who pay a subscription fee for our services. This is a validation of our business-to-business sales channel, which is placing customized EDGAR Online content on corporate Intranets and other proprietary data network”, said Strausberg. The company already has multi-year agreements in place with Reuters (Nasdaq: RTRSY) and Standard and Poor’s (NYSE: MHP). EDGAR Online, Inc. also distributes its data via three retail Web sites and over 175 portal, financial, brokerage and other vertical market Web sites.

About ILX

ILX is the world’s fastest growing market data company. Founded in 1988, ILX is the largest provider of financial information systems to securities firms, banks and asset managers. The company’s extraordinary growth is testimony to the quality of ILX’s product and the excellence of our service and support. The company’s management team has its roots in the securities industry. ILX is comprised of highly talented professionals who not only understand technology. They know the business. The design of the ILX Workstation reflects this experience. ILX designed its dream machine the way our employees, as users, would have wanted to buy it. It is easy to use, very reliable and flexible.

About EDGAR Online

EDGAR Online, Inc. (http://www.edgar-online.com and http://www.freeedgar.com and http://www.ipo-express.com) is a Web-based provider of business, financial and competitive information derived from U.S. Securities and Exchange Commission data. Additional services include value-added functions like IPO Express, a service that provides easy-to-use, detailed information on IPO filings, pricings and performance, EDGAR Online People (http://www.edgar-online.com/people), a service that allows users to conduct research on corporate executive and directors, and EDGAR Online Personal, which provides real-time Web and email based alerting, and other personalized advanced searches of SEC data.

Based in Norwalk, Connecticut, with offices in Kirkland, Washington and New York City, EDGAR Online, Inc. has strategic relationships with portal, business and financial information Web sites and other data providers including Reuters (Nasdaq: RTRSY), Yahoo! (Nasdaq: YHOO), Lycos, Inc. (Nasdaq: LCOS), Infoseek's GO Network (Nasdaq: SEEK), Standard & Poor’s (NYSE: MHP), CNET's SNAP (Nasdaq: CNET), Alta Vista, a CMGI Company (Nasdaq: CMGI), PointCast, Infospace (Nasdaq: INSP), CBS MarketWatch (Nasdaq: MKTW), SmartMoney.com (NYSE: DJ), CMPnet's TechInvestor, Hoover's (Nasdaq: HOOV), Quote.com, Business Wire, Track Data (Nasdaq: TRAC), MSNBC Microsoft (Nasdaq: MSFT) and NBC/General Electric (NYSE: GE) Big Charts. For more information, please visit the Company’s Web site at http://www.edgar-online.com/news.

"Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future events or results. EDGAR Online, Inc. disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. Please refer to the documents filed by EDGAR Online, Inc. with the Securities and Exchange Commission, which identify important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the online business and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies.

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