Business Wire to Provide XBRL-Enhanced Corporate News Releases Through a Partnership With EDGAR Online

NEW YORK--Nov. 17, 2004--Business Wire today announced that it has become the first financial news provider to license EDGAR® Online®'s (NASDAQ: EDGR) comprehensive XBRL fundamental financial data, which enables investors to perform analysis and cross-industry financial comparisons with more ease and accuracy.

EDGAR Online, Inc. is a leading provider of value-added global business and financial information. It uses a proprietary system to convert SEC filings into eXtensible Business Reporting Language (XBRL) data.

"Business Wire is proud to once again take an industry leadership role in promoting greater corporate transparency," said Cathy Baron Tamraz, Business Wire's president, who made the announcement. "All corporate announcements from U.S. and international companies listed on the NYSE, AMEX, NASDAQ and OTCBB that post on BusinessWire.com will include XBRL-enhanced analytical data. The integration of XBRL makes BusinessWire.com an even more valuable resource for the investment community, and creates the opportunity for better informed investment decisions."

Susan Strausberg, EDGAR Online's president and CEO, said, "EDGAR Online is pleased to be working with Business Wire. It is significant that companies like Business Wire recognize the value of providing XBRL fundamental data to customers."

Business Wire will provide 75 data elements from income statements, cash flow statements, and balance sheets, standardized in XBRL. Customers will be able to use the data to conduct cross-industry fundamental, risk and valuation analyses. It will be easy to calculate ratios and company demographic information will be available.

"This is Business Wire's first major XBRL initiative, but certainly not our last," observed Tamraz. "Business Wire prides itself on being at the forefront of technological change, as well as initiatives that advance corporate disclosure. XBRL is unique in that it satisfies both criteria. Business Wire is very much committed to being part of XBRL's anticipated transformation of the financial sector."

As part of its licensing arrangement with EDGAR Online, a Business Wire strategic partner, visitors to BusinessWire.com will be able to access a five-year historical database of annual and quarterly financial statements in standardized formats.

About Business Wire

Business Wire was founded in 1961 by chairman/CEO Lorry I. Lokey, veteran journalist and public relations executive.

The company's multi-channel delivery network, with access to some 60 international and national news agencies, financial information providers and Web-based news services throughout North America, Europe, Asia, Latin America, the Middle East and Africa, provides real-time, simultaneous access to key audiences -- the news media, trade publications, institutional and individual investors, business-to-business decision-makers and consumers.

Business Wire electronically disseminates some 1,000 full-text news releases daily to the media, the Internet, online services and databases, and the global investment community in 150 countries in 45 languages. Business Wire has 25 U.S. offices, Frankfurt, London, Stockholm, Brussels and Sydney offices, and reciprocal offices throughout the world.

About EDGAR® Online®, Inc.
EDGAR Online, Inc.(http://www.edgar-online.com) is a leading provider of value-added global business and financial information. 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 advisory firms.

"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 and/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 our ability to (i) increase revenues, (ii) obtain profitability, (iii) obtain additional financing, (iv) changes in general economic and business conditions (including in the online business and financial information industry), (v) actions of our competitors, (vi) the extent to which we are able to develop new services and markets for our services, (vii) risks in connection with acquisitions, (viii) the time and expense involved in such development activities, (ix) the level of demand and market acceptance of our services and (x) 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.

MULTIMEDIA AVAILABLE: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=4766654

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