Corporate Sales Over 75% of EDGAR Online, Inc.’s Annualized Billings of $17 Million

Schepp Hired to Oversee Sales of Expanded Product Line

CONTACT:
Jay Sears
Senior Vice President
Business and Strategy Development
203.852.5666
sears@edgar-online.com

SOUTH NORWALK, CT, April 25, 2001 -- EDGAR Online, Inc. (Nasdaq: EDGR), the company that specializes in real-time machine parsing of business, financial and competitive information derived from U.S. Securities and Exchange Commission data and development of financial and business system solutions, has expanded its product offering and corporate sales efforts which now account for $13 million in annualized billings.

To support the growing corporate sales activities, EDGAR Online, Inc. announced it has hired George T. Schepp as Vice President and Sales Manager to oversee the expanding corporate sales of the company and has promoted Brian Fitzpatrick to the position of Senior VP, Global Strategic Alliances.

Schepp Joins

George Schepp brings over 20 years of sales experience with 10 years of sales management. He spent seven years at Standard & Poor's in various sales capacities including VP Global Sales & Service overseeing a product base of $35 million dollars. He also worked at Merrill Lynch and most recently oversaw 75 sales professionals and sales volume of over $380 million at Insurance Services Office, an information provider to the property/casualty industry. Schepp holds a BS in business administration from Mount St. Mary's College and resides in Monmouth Beach, New Jersey. He will work out of EDGAR Online's New York City sales office.

Fitzpatrick Goes Global

Brian Fitzpatrick, who has been with the company for two years and has been responsible for much of the corporate sales success to date, has been promoted to Senior Vice President, Global Strategic Alliances. He will now be responsible for overseas sales and strategic alliances, enabling him to concentrate his efforts on areas of the business that the company expects to grow significantly. "George brings a new depth and discipline to our corporate sales organization," said Susan Strausberg, CEO of EDGAR Online, Inc. "He has relationships with leading investment houses and data vendors as well as the leadership qualities to bring our company to the next level." Ms. Strausberg continued, "George's addition enables us to use Brian's considerable business experience to capture strategic deals we believe we can make both here and abroad."

Expanded Product Line

EDGAR Online, Inc. now sells an expanded product and service line to the corporate market. This includes a variety of EDGAR-based data including ownership data, fundamental data, insider data, IPO data, EDGAR data, sophisticated concept identification products and other customized applications as well as third party data such as quotes, charts and news feeds necessary to complete any offering. The company also now acts as a developer of financial and business system solutions on behalf of its clients such as the work done for the Nasdaq Stock Market. The product line is supported by a staff of over 80 technologists.

EDGAR Online, Inc. is a provider of business, financial and competitive information derived from U.S. Securities and Exchange Commission data and a developer of financial and business system solutions. Based in Norwalk, Connecticut, with offices in Rockville and Baltimore, Maryland, Kirkland, Washington and New York City, the company sells to the corporate market and Internet portals as well as running destination Web sites including EDGAR Online (http://www.edgar-online.com).

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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