EDGAR Online and UBmatrix to Create Global XBRL Database JV to Market Software and Data Worldwide

South Norwalk, CT - September 19, 2002 - EDGAR Online, Inc. (Nasdaq: EDGR) today announced it has formed EDGAR Analyst LLC, a joint venture with Universal Business Matrix, LLC (UBmatrix), to develop the first global XBRL data exchange.

XBRL is a new business-specific XML financial reporting language intended to reduce costs and streamline the entire financial information supply chain with impacts from the general ledger level all the way to complex analytics run on private and public company data. XBRL is expected to become the standard computer language companies use to prepare, report, and disseminate their financial information.

The joint venture, EDGAR Analyst, will offer the first Global Data Exchange (GDX) for all public company financial information along with a powerful set of analytical tools. The exchange will initially consist of tagged XBRL statements from annual and quarterly financial reports on U.S public companies. The joint venture will be working with stock exchanges and others to establish similar linked repositories internationally. Tools will also be created to help companies "XBRL-ize" their data for submission into the repository or to regulatory agencies. Data and tools will be sold on a subscription and licensing basis. EDGAR Analyst will focus on three main initiatives:

• Creation of a Global Data Exchange (GDX) for all public companies, with an initial focus on U.S. public companies.
• Sale of analytical tools to analysts, investors and other financial information users who access GDX data.
• Sale of software tools to companies and financial institutions to automate the conversion of raw company financial data to XBRL.

"EDGAR Analyst will be a single source for analysts, investors, credit and lending institutions, news organizations and accountants to source company financials prepared and published in XBRL format," said George Blackstone, President of UBmatrix. "Our goal is to provide investors and their advisers with greater corporate transparency of all public companies."

"EDGAR Analyst merges the strengths of EDGAR Online's financial information expertise and verified data base of public company data with UBmatrix's innovative suite of XBRL software products and proprietary analytical tools," said Susan Strausberg, CEO of EDGAR Online, Inc. "Just as the EDGAR filing system and EDGAR Online revolutionized corporate disclosure, we believe EDGAR Analyst can contribute to another marked step forward in transparency for both US and international markets."

"We applaud EDGAR Analyst for its efforts to provide a central XBRL repository that will benefit the financial community and individual public companies," said Walter Hamscher, XBRL International Steering Committee Chair.

"EDGAR Analyst will fill a major need of the financial marketplace. Using the XBRL standard to create a repository of reliable data will allow immediate data comparison and analysis in the friendly environment of your desktop. Financial decisions that are often based on inadequate information will now have a reality basis of rapidly published and template-analyzed data. It is financial data democracy in action!" said Miklos A. Vasarhelyi, KPMG Professor of AIS, Director Rutgers Accounting Research Center, Rutgers University

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 and law firms.

About UBmatrix
UBmatrix is the leading provider of innovative XBRL-based software, and an active member of XBRL International. UBmatrix builds business solutions that incorporate the power of the XBRL markup language, including specialized software solutions for the financial services industry. The company develops software applications for automating the process of transforming documents into the XBRL format and provides tools for building and extending taxonomies. Based in Redmond, Washington, with offices in Los Angeles, and Santa Rosa California, UBmatrix provides software solutions for corporations, financial services market, regulators and governments.

"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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