EDGAR Online, Inc. to Acquire FreeEDGAR.com

Move Solidifies Web Leadership Position

NORWALK, CT, July 26, 1999 - EDGAR Online, Inc. (NASDAQ: EDGR) announced today it has reached an agreement in principle to acquire the privately held company FreeEDGAR.com, a.k.a. Partes Corporation, for approximately 950,000 shares of EDGAR Online stock. The move solidifies the position of EDGAR Online (http://www.edgar-online.com) as the leading Internet provider of business, financial and competitive information derived from U.S. Securities and Exchange Commission (SEC) data. The combined entity will also be the primary source of EDGAR-based information to most of the high-traffic financial and business Web sites on the Internet.

Under the agreement announced today, EDGAR Online will purchase all of the stock of FreeEDGAR.com, owner of the FreeEDGAR Web site (http://www.freeedgar.com) and a supplier of value-added EDGAR Data Services to corporations.

"The addition of the FreeEDGAR site to our business will increase our traffic and user base by more than 50%", said Susan Strausberg, CEO of EDGAR Online. "In addition, combining the FreeEDGAR efforts with our own will strengthen the suite of value-added services we are able to offer to our Internet subscribers and will accelerate our sale of value-added EDGAR data to corporations for use on their intranets and extranets."

"The merger of our business into EDGAR Online gives us the resources to better market our value-added EDGAR Data Service", said Mark Schnitzer, CEO of FreeEDGAR. "In addition, we will have the opportunity to introduce premium products currently offered by EDGAR Online to our customer base."

The transaction is expected to close within sixty (60) days.

About EDGAR Online

EDGAR Online (http://www.edgar-online.com) is a 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, EDGAR Online Personal, which provides real-time Web and email based alerting, and other personalized advanced searches of SEC data.

EDGAR Online, Inc. has strategic relationships with portal, business and financial information Web sites including Yahoo! (Nasdaq: YHOO), Infoseek's GO Network (Nasdaq: SEEK), CNET's SNAP (Nasdaq: CNET), PointCast, Infospace (Nasdaq: INSP), CBS MarketWatch (Nasdaq: MKTW), SmartMoney.com (NYSE: DJ), CMPnet's TechInvestor (Nasdaq: CMPX), Hoover's, Quote.com, Business Wire, Track Data (Nasdaq: TRAC), MSNBC Microsoft (Nasdaq: MSFT) and NBC/General Electric (NYSE: GE), Big Charts, and Raging Bull, a CMGI company (Nasdaq: CMGI). EDGAR Online is based in Norwalk, CT. To read additional background and news on EDGAR Online, please go to http://www.edgar-online.com/news.

About FreeEDGAR.com

Founded in 1993 as Partes Corporation, FreeEDGAR.com develops products that automatically structure and deliver financial data to analysts and investors by transforming flat text and HTML formats into interactive data analysis and interpretation tools. The company's web site at http://www.freeedgar.com provides access to indexed EDGAR filings, a watch list service with e-mail alerts for targeted company filings, and instant financial table downloads into Excel spreadsheets. FreeEDGAR's EDGAR Data Service, available on a contract basis to commercial data providers and application developers, adds seamless integration capabilities via APIs and XML support. FreeEDGAR has offices in New York City and Kirkland, Washington.

"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.

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