EDGAR Online Limits Services on FreeEDGAR

South Norwalk, CT - July 29, 2002 - EDGAR Online, Inc. (Nasdaq: EDGR) today announced it is limiting the amount of free information available on its FreeEDGAR Web site. EDGAR Online is a leader in the business information industry, specializing in the extraction, packaging and distribution of public company information contained in SEC filings.

"Beginning in August, EDGAR Online's value branded Web site, www.freeedgar.com, will be changed to cater primarily to new and casual users of SEC filings," said Susan Strausberg, CEO of EDGAR Online. "FreeEDGAR users will be able to access and retrieve SEC filings for any U.S public company, but usage will be limited. For professionals whose needs exceed what's available free of charge, EDGAR Online offers its flagship EDGAR Online Pro desktop service," Strausberg added. "The company also offers customized data extraction services and enterprise-wide licenses to companies who want a larger number of their employees to have access to the information contained in public company disclosures."

The sale of data and seat-based subscriptions accounted for 62% of EDGAR Online's revenue in the first quarter of 2002. EDGAR Online has over 25,000 paying subscribers including over 5,000 to its flagship EDGAR Online Pro service which was launched in June of last year. The company offers a number of subscription services as well as data feeds and APIs for both EDGAR data as well as topic searches, institutional holdings and insider trades and basic financial information such as quotes, charting and news services.

The ability of employees and investors to have easy access to the information disclosed by public companies has never been more important than it is today," said Strausberg. "We intend FreeEDGAR to continue to serve the needs of employees and investors who want easy and immediate access to information about the companies on which their investment security and job security rests. As we move forward," Strausberg continued, "we will make additional changes to the FreeEDGAR site to tailor it to introducing new users to the information contained in SEC filings. As more people come to see the value of using the information contained in filings made by public companies, we expect the demand for our value-added services to increase. Those professional users of EDGAR information who have come to value the FreeEDGAR services will find more benefit in our paying services that have been designed to meet the needs of those who use more data and need more functionality."

About EDGAR Online, Inc.
EDGAR Online, Inc. (www.edgar-online.com) is a leader in the business information industry, specializing in the extraction, packaging and distribution of public company information contained in SEC filings. Based in Norwalk, Connecticut, with offices in Maryland and New York City, the company sells subscription products, data and services to financial institutions, corporations, law firms and Internet portals. EDGAR Online's professional services can be obtained by calling 212-457-8200 or online via: http://www.edgar-online.com/corporate/contactform.asp

"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, risks in connection with our recent acquisition and other acquisitions which we may consummate in the future, 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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