EDGAR Online, Inc. Launches Goodwill Valuations Site in Partnership with Ernst & Young Site Provides Overview and Perspective on FASB issued Statement of Financial Accounting Standards (SFAS) No. 141 and No. 142 for company CFOs, Others

South Norwalk, CT - April 24, 2002 - EDGAR Online, Inc. (Nasdaq: EDGR) today announced it has launched a Goodwill Valuations Site (http://www.goodwillvaluations.com) in partnership with Ernst & Young, providing overview and perspective on FASB's goodwill pronouncements-one of the most significant accounting changes in recent history. EDGAR Online is a leader in the business information industry, specializing in the extraction, packaging and distribution of public company information contained in SEC filings.

The new site provides an overview and analysis of the FASB rulings on goodwill, the final goodwill rule and SEC comment letters, a listing of top companies that have announced impairment of goodwill based on an analysis of EDGAR Online fundamental data and Ernst & Young white papers on the goodwill subject. Public company officers can also request a goodwill valuation impairment test from Ernst & Young directly from the site.

"Our Goodwill Valuations site serves as a starting point for CFOs and other company officers working to understand the impact of this change on their business. The site combines both EDGAR Online's financial data and financial services customer community with the authority of Ernst & Young's Valuation Services," said Susan Strausberg, CEO of EDGAR Online, Inc.

About FASB SFAS No. 141 and No. 142
The Financial Accounting Standards Board (FASB) Statements No. 141, Business Combinations, and No. 142, Goodwill and Other Intangible Assets drastically change the accounting for business combinations, goodwill, and intangible assets by eliminating the use of the pooling method for all business combinations completed after June 30, 2001 (unless initiated earlier); eliminating the amortization of goodwill and introducing a new impairment-only approach; and establishing new criteria to determine whether an acquired intangible asset should be recognized separately from goodwill. In addition, intangibles with an indefinite life will not be amortized. Under the new Statement 142 model, impairment should be tested at least annually at the reporting unit level.

About EDGAR Online, Inc.
EDGAR Online, Inc. (http://www.edgar-online.com) is a leader in the business information industry, specializing in the extraction, packaging and distribution of public company information contained in SEC filings. Based in Norwalk, Connecticut, with offices in Maryland and New York City, the company sells subscription products, data and services to financial institutions, corporations, law firms and Internet portals..

About Ernst & Young
Ernst & Young, a global leader in professional services, understands the business issues that are important to senior executives. With extensive business knowledge and hands-on industry experience, the global Ernst & Young organization can implement a broad array of solutions to help companies capture growth, improve financial performance and manage risk-anywhere in the world. Its 84,000 people serve as trusted business advisers in more than 130 countries, offering audit, tax, corporate finance and transaction services across all industries to many of today's leading global corporations as well as emerging growth companies. In addition, legal services are available in various parts of the world where permitted.

"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, risks in connection with our recent acquisition and other acquisitions which we may consummate in the future, 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. EDGAR Online is a product of EDGAR Online, Inc.

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