EDGAR Online Completes Conversion of All U.S. Public Company Financial Statements into Useable XBRL Format

First to Market Service Allows Financial Analysts the Ability to Easily Compare Companiess

SOUTH NORWALK, Conn.- May 20, 2004- EDGAR® Online®, Inc. (NASDAQ: EDGR), a financial information company specializing in making complex regulatory reporting by public companies actionable and easy-to-use, announced today that it now offers U.S. public company financial statements in a new importable format called eXtensible Business Reporting Language (XBRL). One of the first financial services companies to make use of XBRL, EDGAR Online is also offering users for the first time and at no cost a limited number of real-time public company financial statements directly downloaded into Microsoft Excel 2003 worksheets.

EDGAR Online has been instrumental in the development of eXtensible Business Reporting Language (XBRL) through its early involvement with XBRL International. This consortium of over 200 companies and organizations such as the big four accounting firms, Morgan Stanley, Microsoft and the AICPA, represents the international business reporting supply chain. XBRL is an open specification that uses XML-based data tags to describe financial statements in both public and private companies. These tags are intended to create a royalty-free, standards-based method that revolutionizes the ways that financial information can be exchanged.

EDGAR Online users can access and perform financial comparisons on the following companies at no charge: AIG (NYSE: AIG), Altria Group (NYSE: MO), Amgen (NASDAQ: AMGN), Bank of America (NYSE: BAC), Cisco Systems (NASDAQ: CSCO), Citigroup (NYSE: C), Coca-Cola (NYSE: KO), Dell (NASDAQ: DELL), Exxon Mobil (NYSE: XOM), General Electric (NYSE: GE), Home Depot (NYSE: HD), IBM (NYSE: IBM), Intel (NASDAQ: INTC) J.P. Morgan Chase & Co. (NYSE: JPM), Johnson & Johnson (NYSE: JNJ), Microsoft (NASDAQ: MSFT), Merck (NYSE: MRK), PepsiCo (NYSE: PEP), Pfizer (NYSE: PFE), Procter & Gamble (NYSE: PG), SBC Communications (NYSE: SBC), Verizon Communications (NYSE: VZ), Wal-Mart Stores (NYSE: WMT) and Wells Fargo & Company (NYSE: WFC).

Users can also register for EDGAR Online Pro, a premium service that allows access to the entire universe of quarterly and annual financial data filed by U.S. public companies.

Susan Strausberg, EDGAR Online's President and CEO, said, "EDGAR Online has been instrumental in the development of XBRL through its early involvement with XBRL International. We are excited to make XBRL useable for our current and future customers."

To learn more about this service or to subscribe, go to http://xbrl.edgar-online.com/x/xbrltool/ and http://www.microsoft.com/office/solutions/xbrl/. For more information about the XBRL International Consortium, go to http://www.xbrl.org. Visit EDGAR Online at the SIA Technology Management Conference, June 8-10, 2004, at the New York Hilton. For further information, contact Liv Watson, Vice President of XBRL Strategies at EDGAR Online, Inc.: (203) 852-5645 or email lwatson@edgar-online.com.

About EDGAR® Online® Inc.
EDGAR Online, Inc. (http://www.edgar-online.com) is a financial information company specializing in making complex regulatory reporting by public companies actionable and easy-to-use. The Company makes financial information and a variety of analysis tools available via online subscriptions and licensing agreements to professionals in financial institutions, corporations and law firms.

"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. EDGAR Online is a product of EDGAR Online, Inc.

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