EDGAR® Online® Announces Plan to Reconstitute Board of Directors and Management Team

SOUTH NORWALK, Conn. - February 16, 2007 - EDGAR® Online®, Inc. (Nasdaq: EDGR), a leading provider of value-added business and financial information on global companies to financial, corporate and advisory professionals, today announced that consistent with its commitment to maximizing stockholder value and improving operations through quality corporate governance, it will nominate two additional qualified independent individuals for election at the Company's 2007 annual meeting of stockholders. The Company also announced that on January 29, 2007, the board of directors approved the retention of an executive search firm to assist the Company in filling the position of President. The Company is also considering and evaluating possible changes to its corporate governance policies.

Consistent with its determination to strengthen the board with qualified, independent directors, Marc Strausberg, current chairman of the board of directors, and Greg D. Adams, Chief Operating Officer, Chief Financial Officer and current director, will not stand for re-election to the board at the Company's 2007 annual meeting of stockholders to be held later this year. As a result, the Company anticipates that its slate of nominees for election at the 2007 annual meeting will consist of six independent directors and Susan Strausberg, the Company's Chief Executive Officer. Mr. Strausberg will be appointed Chairman Emeritus.

The EDGAR Online board of directors acknowledges the significant contributions made by Messrs. Strausberg and Adams as directors of the Company.

Finally, in its continuous effort to improve operations through quality corporate governance, the Company is reviewing and evaluating appropriate changes to its current corporate governance policies. Susan Strausberg, the Company's Chief Executive Officer, stated that, "Our board is committed to take all appropriate steps to enhance stockholder value, and we believe the addition of two quality and independent directors and the addition of a senior executive to our management team are consistent with our long-term goals."

About EDGAR® Online®, Inc.
EDGAR Online, Inc. (NASDAQ: EDGR), www.edgar-online.com, is a leading provider of value-added business and financial information on global companies to financial, corporate and advisory professionals. The company makes its information and a variety of analysis tools available via online subscriptions and licensing agreements to a large user base.

"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 our ability to (i) increase revenues, (ii) obtain profitability, and (iii) obtain additional financing, 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, risks in connection with acquisitions, the time and expense involved in such development activities, the level of demand and market acceptance of our services and changes in our business strategies.

EDGAR® is a federally registered trademark of the U.S. Securities and Exchange Commission (SEC). EDGAR Online is not affiliated with or approved by the U.S. Securities and Exchange Commission.

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