EDGAR Online Names ORB Digital As Agency Of Record

SOUTH NORWALK, CT., September 21, 1999--EDGAR Online Inc. (Nasdaq: EDGR) announced today that it has chosen ORB Digital as its advertising agency of record. EDGAR Online (http://www.edgar-online.com) is the leading Web-based provider of business, financial and competitive information derived from U.S. Securities and Exchange Commission data. ORB is directing the Company’s multi-million dollar advertising campaign that will promote the company in Internet, television, and print media. The full campaign begins this October.

"We have been working with ORB for the past four months to develop the kind of coordinated campaign that will bring our company to the attention of new subscribers and corporate clients. We have now given ORB the final go-ahead to begin each portion of the campaign," said Jay Sears, Vice President of Marketing and Business Development for EDGAR Online , Inc. "ORB is particularly well-suited to our needs because they are an interactive agency who knows our audience and can also direct the traditional advertising efforts needed to run a simultaneous Internet, broadcast and print campaign."

Andrew S. Pakula, President and Founder of ORB Digital stated, "We’re extremely pleased to have been selected as AOR by EDGAR Online to develop and leverage its first significant advertising campaign. This year has seen tremendous growth for ORB Digital. Adding ‘category killer’ clients like EDGAR Online to our blue-chip roster fits right into our growth strategy."

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 (http://www.ipo-express.com), 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 distribution contracts with other portal, business and financial information Web sites including Yahoo!, Infoseek's GO Network, CNET's SNAP, PointCast, Infospace, CBS MarketWatch, SmartMoney.com, Thomson Financial Network, Motley Fool, CMPnet's TechInvestor, Hoover's, Quote.com, Business Wire, Track Data, MSNBC, Big Charts, and Raging Bull.

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 ORB Digital Direct

Founded in 1996, ORB (http://www.orb.net) is a privately held interactive e-commerce and direct marketing company that develops transactional campaigns for direct selling, acquisitions and retention, database marketing, lead generation, couponing, and driving traffic to retail. ORBit 4.0, the ORB Interactive Transaction system, is an end-to-end capability that streamlines real-time online advertising and email campaigns with automated media planning, centralized ad serving, transaction processing, tracking from creative to transaction, and real-time optimization of results.

Heralded as a new breed of Web marketer by Forrester Research, the company has won several awards for its groundbreaking work for Clinique, and serves other blue-chip clients such as, PETsMART.com, Coti and Citigroup.

Notice Regarding Forward-Looking Statements:

"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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