EDGAR® Online Creates Repository for Financial Statements Tagged in XBRL

- XBRL Expert Joins Company -

Jay Sears T. David Colgren Senior Vice President President and CEO Business and Strategy Development EDGAR Online, Inc. Colcomgroup 203.852.5666 212-9739828 mailto:sears@edgar-online.com mailto:dcolgren@colcomgroup.com

EDGAR^® Online^® Creates Repository for Financial Statements Tagged in XBRL

- XBRL Expert Joins Company -

SOUTH NORWALK, CT, December 4, 2000 -- EDGAR Online, Inc. (NASDAQ: EDGR) announced today at the XBRL committee meeting in Washington, D.C. that it is establishing the first public repository for company financial statements in XBRL (eXtensible Business Reporting Language) format. The Company also announced it has hired Liv A. Watson as Director to establish and manage its XBRL repository. XBRL, the newly developed business-specific XML financial reporting system developed by the American Institute of Certified Public Accountants (AICPA), Institute of Management Accountants (IMA) and other major financial services, technology, and public accounting organizations, is expected to become the standard way in which U.S. public companies will prepare, report and disseminate their financial information. The EDGAR Online XBRL Repository will provide a single source for analysts, investors, credit and lending institutions, news organizations and accountants to find any company financials prepared and published in this format. The majority of U.S. companies are expected to release their financial statements in XBRL format in the near future.

"Forming the XBRL Repository represents an important step in publicly establishing our leadership position to take advantage of this groundbreaking method that manages financial data," said Susan Strausberg, CEO of EDGAR Online, Inc. "This further demonstrates our commitment to providing the highest quality service to the institutional marketplace while continuing to place ourselves on the cutting edge of new technologies as they become available.

John Taysom, Founder and co-CEO of the Reuters Greenhouse Fund, a strategic investor in EDGAR Online, Inc. agreed. "This move looks set to solidify EDGAR Online's position in SEC-based data. Reuters is deeply committed to helping develop the new standards which will become critical to sophisticated users of news and financial data."

In other news, EDGAR Online Inc. announced that it has hired Liv A. Watson as Director. Ms. Watson will develop short and long-term strategies for implementing XBRL capabilities and functionality into the EDGAR Online Web site and financial information delivery value chain. Through the XBRL Steering Committee Ms Watson has aided in the establishment of the universal "business reporting language" that will facilitate the worldwide dissemination, analysis and interchange of business reporting.

She presently serves as XBRL Education and Communication Committee Co-Chair and has spent fifteen years in film and television production, multimedia training, and information technology consulting in the public and private sector. Among other national and regional projects, she recently led a government project that will automate and streamline records systems for counties across the nation. Ms. Watson is a specialist in information systems project strategies, as well as management and information technology consulting for medium to large organizations. Prior to joining EDGAR Online, Inc., Ms. Watson served as the Managing Partner of

Gaither Technologies LLC.

The incorporation of XBRL will allow EDGAR Online, Inc., to provide superior services to companies, analysts, investors and other audiences allowing for more informed financial and management decisions. "However, XBRL does not change existing accounting standards. Rather, XBRL provides an efficient and reliable means for business reporting information exchange and gives the professional and individual user fast and easy access to this SEC information." said Mike Willis, XBRL Chairman from PricewaterhouseCoopers, LLP.

About EDGAR Online, Inc.

EDGAR Online, Inc. is the leading business-to-business and Web-based provider of business, financial and competitive information derived from U.S. Securities and Exchange Commission data and a developer of Internet-based financial and business system solutions. Based in Norwalk, Connecticut, with offices in Rockville and Baltimore, Maryland, Kirkland, Washington and New York City. The company sells to the corporate market and Internet portals as well as running five destination Web sites (http://www.edgar-online.com, http://www.freeedgar.com, http://www.ipo-express.com, http://www.insidertrader.com, http://www.fd-express.com). For more information, please visit the Company's Web site at http://www.edgar-online.com/news.

"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 a product of EDGAR Online, Inc., and is neither approved by, nor affiliated with the SEC.

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