EDGAR® Online® Completes First Step of New Strategy, Makes Substantial Additions to Premium Subscription Service

South Norwalk, CT-October 14, 2003- EDGAR® Online®, Inc. (Nasdaq: EDGR), a leading provider of comprehensive online SEC information and analysis tools, today announced the release of a new version of its premium EDGAR Online Pro service. In addition, the company outlined a new strategic focus on selling EDGAR Online Pro to clients in financial services companies, including investment bankers, asset managers, credit risk managers, compliance officers, hedge fund managers, market data professionals and others.

Complex fundamental, ownership, initial public offering and secondary offering datasets and advanced search tools -- all of which EDGAR Online previously offered only to large enterprises as part of its EDGAR Online Explorer product (via XML API data feeds for intranet integration) -- are now available to more than 8,000 subscribers to the company's existing EDGAR Online Pro service.

"We are now even more focused on driving value for our core customers -- professionals in the financial services market. By combining meaningful historical and time-series data with easy-to-use analysis tools, we are taking the first steps to put our new strategy in action," said Susan Strausberg, CEO and President of EDGAR Online.

Strausberg said the new focus on the financial services market will streamline the company's operations, increase product development efficiencies and allow for more targeted marketing. The company also expects to add staff to its existing subscription sales force. EDGAR Online will provide more details about the new strategic focus in the company's upcoming third quarter earnings call on October 28, 2003.

With the enhancement, the EDGAR Online Pro product now includes:

• Initial and Secondary Offering Data - now subscribers can access real time and historical profiles on initial and secondary public offerings including company, underwriter, auditor views, calendar information and post offering performance.

• Increased Ownership Pie Information - EDGAR Online Pro now includes fielded data on insider trades and intents to sell, as well as equity holdings from over 2,200 institutional investors indicating asset management strategies.

• New Comparative Financial Tools - with the new tools, subscribers can compare financials across multiple companies and industries. Included are five years of annual and five quarters of standardized financial information (from income statements, cash flow statements, and balance sheets) and more than seven years of as reported financials - all easily accessible.

• More Real Time SEC Documents, Additional Search Criteria - Nine million additional electronic and paper SEC documents have been added (for a total of 11 million documents, dating back to 1966). Subscribers can now search by 18 different criteria. Also included are international annual and interim reports from more than 18,000 companies and 69 countries in full color native PDF format. Financials and text can easily be downloaded into Microsoft Excel® and Word® documents.

• Timesaving Tool to Jump Between Data Sets - Subscribers can quickly and easily move from one company dataset to different dataset thanks to a new ticker search that can span all data channels on EDGAR Online Pro.

Individuals and companies can subscribe to EDGAR Online Pro by calling the company's sales department at 1-888-870-2316 (outside the US 212-457-8200).

Reminder - October 28, 2003 Conference Call for Third Quarter
EDGAR Online will hold a conference call to review results for the third quarter on Tuesday, October 28, 2003 at 5:00 p.m. (EST). Susan Strausberg, President and CEO, and Greg Adams, COO and CFO, will host the call. To participate, call: 800-404-1354 (domestic) or 706-643-0825 (international). The call will also be broadcast simultaneously over the Internet at http://www.edgar-online.com/investor. To access the teleconference replay, available from 7:00 p.m. (EST) on October 28, 2003 until midnight (EST) on November 4, 2003, dial 800-642-1687 (domestic) or 706-645-9291 (international), pass code: 3043151.

About EDGAR® Online®, Inc. EDGAR Online, Inc. (http://www.edgar-online.com) is a financial information company specializing in making complex regulatory reporting by public companies actionable and easy-to-use. The company makes financial information and a variety of analysis tools available via online subscriptions and licensing agreements to professionals in financial institutions, corporations and law firms.

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