Dynamic Decisions Initiates Coverage of EDGAR Online Inc.

LONDON, Nov 17, 2004 - Dynamic Decisions, a provider of independent analytical research and valuation analysis to fund managers and institutional investors worldwide, announced today that it has initiated coverage of EDGAR Online Inc, of Norwalk, Connecticut, U.S.A (EDGR), a financial and business information company specializing in providing information contained in Securities and Exchange Commission (SEC) filings in an easy-to-use, searchable and functional format. The firm established an optimal value of $2.46 per share, considering all the growth options embedded in the company.

Dynamic Decisions is a provider of independent analytical research and valuation analysis to institutional investors worldwide. The Company has developed a suite of proprietary analytical tools based on option theory to ascertain the fair value of both large and small companies in a diverse range of industries and establish valuation ranges and targets to assist its clients with quantitative analysis to support dynamic investment decisions. For more information about the report, or having a copy please contact at: info@ddecisions.com

Please be informed that the information and statistical data mentioned in our report and enclosed herein has been obtained by DD from sources believed to be reliable. However, because of the possibility of error on the part of such sources, DD cannot guarantee the accuracy, adequacy, or completeness of any information, and cannot be held responsible for any errors or omissions or for results obtained from the use of such information. All opinions and estimates included in our report constitute our judgment as of this date and are subject to change without notice. Furthermore, this information can not be seen, implicitly or explicitly neither as investment recommendations, nor as an offer or invitation to acquire or sell any kind of activity mentioned.

SOURCE Dynamic Decisions

Equity Research Department, London: +44-(0)20-7329-7320; Milan: +39-02-58327079, info@ddecisions.com

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