EDGAR Online Introduces Full Text Search

New Tool has Broad Application for Use in Corporate Intelligence

SOUTH NORWALK, CT, April 26, 2000 - EDGAR Online, Inc. (NASDAQ: EDGR) has introduced Full Text Search, a state-of-the-art information screening and targeting tool developed especially for broad use in designing custom search programs for corporate intelligence applications, and also provided to users of EDGAR Online (http://www.edgar-online.com).

This powerful new search tool will allow EDGAR Online to offer even more precisely targeted information products to its corporate clients to let them obtain and act on competitive marketing, production, financing, bankruptcy and many other kinds of information contained in SEC EDGAR filings.

Based on custom software supplied by Verity, Inc. (NASDAQ: VRTY), the provider of information retrieval solutions for more than 1,000 corporations, e-commerce sites, government agencies, online service providers, Internet publishers and software developers worldwide, Full Text Search is perfectly designed for corporate needs. Verity’s alliances include Dow Jones, Ernst & Young, Financial Times, Globe and Mail, IBM, NewsEdge Corporation, Lotus, and SAP.

The Verity-powered Full Text Search gives EDGAR Online’s product development professionals expanded capability to quickly design and execute a new generation of customized data mining applications for corporate clients. In addition, putting the service on the Company’s Web site will give research librarians, securities attorneys, marketing and financial professionals who closely track the business and operations of competitors an extra tool during the Spring onrush of key, information-laden filings such as 10-Ks and proxy statements.

“We are delighted to incorporate Full Text Search, which gives us greatly expanded ability to both supply corporate clients with increasingly innovative and efficient new custom information products and to design and offer a still broader range of EDGAR Online value-added Web-based products,” said Susan Strausberg, CEO of EDGAR Online, Inc.

About EDGAR Online

EDGAR Online, Inc. (http://www.edgar-online.com and http://www.freeedgar.com and http://www.ipo-express.com) is the leading business-to-business and 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 alerts, 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 over 50 business-to-business clients including Reuters (NASDAQ: RTRSY), Standard & Poor’s (NYSE: MHP) and ILX Systems as well as strategic relationships with over 175 portal, business and financial information Web sites including Yahoo! (NASDAQ: YHOO), Lycos, Inc. (NASDAQ: LCOS), Infoseek's GO Network (NASDAQ: SEEK), CNET's SNAP (NASDAQ: CNET), Alta Vista, a CMGI Company (NASDAQ: CMGI), PointCast, Infospace (NASDAQ: INSP), CBS MarketWatch (NASDAQ: MKTW), SmartMoney.com (NYSE: DJ), Business Wire, Track Data (NASDAQ: TRAC), and MSNBC Microsoft (NASDAQ: MSFT) and NBC/General Electric (NYSE: GE). 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.

To Top