EDGAR Online, Inc. and Sector Data and Team to Enhance Customer Experience by Offering Access to SEC Filings on Sectorbase

South Norwalk, CT - November 5, 2001 - EDGAR Online, Inc. (Nasdaq: EDGR), a leading provider of SEC-based financial information, and Sector Data, LLC, the leading classification company for corporate and investment research, today announced a relationship designed to deliver SEC data on Sector Data's Sectorbase Research Platform.

The Sectorbase Research Platform, a comprehensive source for company research that leverages Sector Data's proprietary product classification system and key qualitative characteristics information to allow users to perform accurate comparative valuation and peer group analysis, will now display SEC data from EDGAR Online. By using EDGAR Online's powerful XML-based Application Programming Interface (API), Sectorbase is also able to associate various fundamental data with the SEC data from which it came. As a result, users of Sectorbase can perform more in-depth analysis of financial statement data by viewing contextual comments from the reporting companies themselves and be assured of data accuracy.

Corporate and investment research is a time-intensive process. Many business professionals are frustrated by the lack of information about companies products and services, information that would help them to understand a company and its lines of business and to evaluate its competitive position in the marketplace. As a result, Sector Data developed the Sectorbase Hierarchy, a products and services classification system that allows users to find the true comparables between companies. In addition to providing the fundamental data, there are links to "qualitative" data on each company, which consists of key competitors, customers, suppliers, and strategic partners. By incorporating SEC data provided by EDGAR Online, Sectorbase will now give users an even greater breadth and depth of information for fundamental and price performance analysis.

"EDGAR Online's financial offerings will bring our clients the necessary resources to make informed investment and business decisions. Together with EDGAR Online, we have been able to leverage our respective technologies to match their data to ours so that users can view source documentation for key financial statements," says Steve Shum, Executive Vice President for Sector Data, LLC. "EDGAR Online has demonstrated that their data is unsurpassed in reliability and we are honored to have opportunity to work with one of the leading providers of business intelligence."

"Sector Data has made itself a player in the corporate and investment research industry by integrating our data. Like EDGAR Online, Sector Data is committed to providing time-sensitive, fundamental data for the investment and business community," says Susan Strausberg, CEO of EDGAR Online, Inc. "Sector Data's proprietary classification system that catalogs companies into a logical hierarchy based on the products and services to show true comparables will redefine the way company analysis is done. We're excited to work with such an innovative company like Sector Data to accelerate the adoption of EDGAR Online as the SEC data vendor of choice."

About EDGAR Online, Inc.

EDGAR Online, Inc. is a provider of financial information derived from U.S. Securities and Exchange Commission data and a developer of financial and business system solutions. Based in Norwalk, Connecticut, with offices in Rockville and Baltimore, Maryland and New York City, the company sells to the corporate market and Internet portals as well as running destination Web sites including EDGAR Online (http://www.edgar-online.com).

About Sectorbase, a product of Sector Data, LLC

Sectorbase, a product of Sector Data, LLC, is a suite of applications designed to enhance the quality and reduce the time spent on company research. Employing a unique filtering methodology, Sectorbase catalogs companies into a logical hierarchy according to the products and services they offer, enabling users to easily identify a company's exact competitors in all of the markets in which it operates. The company's proprietary metric system organizes essential qualitative data as well as financial statement information and price performance data. The web-based research platform supports complex company and group queries, enabling users to screen the database and identify target companies and groups quickly and accurately. Calculating over 16,000 product-specific indices, the platform is also an unparalleled application for identifying sector rotation and understanding group price movements. With industry-standard datafeeds, powerful analytical applications and a dynamic web-based research platform, Sectorbase has defined a new standard for researching and evaluating public companies across multiple product and service markets.

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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