New Securities Index includes EDGAR® Online®

Russell Microcap™ Index to Make EDGAR Online Stock more Accessible

CONTACT: David Colgren
EDGAR Online Public Relations
PHONE: 646-536-5103
dcolgren@colcomgroup.com

SOUTH NORWALK, Conn. – July 25, 2005 – EDGAR® Online®, Inc. (NASDAQ: EDGR) -- a leading provider of value-added business and financial information on global companies, announced today it has been listed on Russell Investment Group’s new Russell Microcap™ Index. The index, a new reflection of the market of smaller firms, tracks the performance of 2,000 companies that represent approximately three percent of the U.S. equity market.

EDGAR Online President and CEO Susan Strausberg said, "As mutual fund companies will likely soon offer exchange-traded funds based on the Russell Microcap Index, we are pleased to be included in the index. Such funds would make stocks like EDGAR Online's more accessible to more investors."

Russell announced the Russell Microcap Index in May and finalized its constitution July 1. The index includes the smallest 1,000 securities in the small-cap Russell 2000® Index plus the next 1,000 companies below the small-cap index, excluding stocks trading below $1.00, bulletin board and pink-sheet stocks. In Russell's May news release, the company reported that in three of the past four years, microcap stocks such as EDGAR Online outperformed the larger small caps.

Although to date no mutual funds are yet tied to the Russell Microcap Index, Russell indices in general are widely used by investment managers and institutional investors for index-based funds and as benchmarks for both passive and active investment strategies. More than $2.5 trillion in assets currently are benchmarked to Russell's various indices.

About Russell
Russell Investment Group, a global leader in multi-manager investing, provides investment products and services in more than 39 countries. Russell manages more than $133 billion in assets and advises clients worldwide representing more than $2.3 trillion. Founded in 1936, Russell is a subsidiary of Northwestern Mutual and is headquartered in Tacoma, Wash., with additional offices in New York, Toronto, London, Paris, Sydney, Singapore, Auckland and Tokyo.

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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