InsiderTrader Acquired By EDGAR Online, Inc.

CONTACT:
Jay Sears
Senior Vice President
Business and Strategy Development
203.852.5666
sears@edgar-online.com

SOUTH NORWALK, CT, September 25, 2000 -- EDGAR Online, Inc. (Nasdaq: EDGR) has acquired InsiderTrader, a leading source of insider trading and institutional holdings data, from Individual Investor Group (Nasdaq: INDI). EDGAR Online, Inc. provides business, financial and competitive information derived from U.S. Securities and Exchange Commission data to the corporate and Internet market.

"We will immediately leverage InsiderTrader's strong customer base and product offering across our corporate sales and Internet channels," said Susan Strausberg, CEO of EDGAR Online, Inc. "Insider trading and institutional holdings data is a must have for banks, funds and other c-level decision makers and we intend to aggressively market these products to the corporate marketplace."

"The InsiderTrader acquisition further solidifies EDGAR Online's position in SEC-based data as it moves aggressively into corporate services," said John Taysom, founder and co-CEO of RVC - The Reuters Greenhouse Fund, a strategic investor in EDGAR Online, Inc.

EDGAR Online purchased InsiderTrader for approximately one times revenue. Further terms were not disclosed. Jonathan Moreland, the founder of InsiderTrader and author of Profit from Legal Insider Trading: Invest Today on Tomorrow's News, will join EDGAR Online as a vice president with responsibilities in corporate sales and product development.

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. Based in Norwalk, Connecticut, with offices in Kirkland, Washington and New York City. The company sells to the corporate market and Internet portals as well as running four destination Web sites (http://www.edgar-online.com, http://www.freeedgar.com, http://www.ipo-express.com, http://www.insidertrader.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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