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Investor Guide
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EDGAR® Online® Named One of Connecticut's Fastest-Growing Technology Companies for Fifth Year
Attributes its 32 percent five-year revenue growth to continuous innovation
CONTACT: David Colgren
EDGAR Online Public Relations
PHONE: 646-536-5103
dcolgren@colcomgroup.com
SOUTH NORWALK, Conn. – October 11, 2005 – EDGAR® Online®, Inc. (Nasdaq: EDGR), a leading provider of value-added business and financial information on global companies, announced today that it has been named to Deloitte’s Connecticut Technology Fast 50 program for the fifth time. The program ranks the 50 fastest-growing technology companies in the state. Deloitte bases its rankings on the percentage of growth in fiscal year revenues over five years, from 2000 to 2004.
EDGAR Online president and CEO Susan Strausberg said, “Since the inception of our company, we have brought continuous innovation to the financial information marketplace. The latest example is our I-Metrix suite of XBRL-based products, which we launched earlier this year. We are, of course, pleased to be among the fastest-growing technology companies in Connecticut and appreciate the recognition provided by Deloitte's Connecticut Technology Fast 50 program.”
Alex Discepolo, a director at Deloitte Tax LLP and chairperson of the Connecticut Technology Fast 50 said, “To rank on Deloitte’s Connecticut Technology Fast 50, companies must have phenomenal revenue growth over five years. EDGAR Online has proven to be one of the fast-growth success stories in Connecticut, and we applaud their dedication to making their vision reality.”
To qualify for the Connecticut Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2000 and $1,000,000 in 2004, be headquartered in Connecticut and be a “technology company” – defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology in a unique way does not qualify.
About EDGAR® Online®, Inc.
EDGAR Online, Inc. (NASDAQ: EDGR), www.edgar-online.com, is a leading provider of value-added business and financial information on global companies to financial, corporate and advisory professionals. The company makes its information and a variety of analysis tools available via online subscriptions and licensing agreements to a large user base.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte”, “Deloitte & Touche”, “Deloitte Touche Tohmatsu” or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein. Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP. As used in this document, “Deloitte” includes Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, and Deloitte Tax LLP.
"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 our ability to (i) increase revenues, (ii) obtain profitability, and (iii) obtain additional financing, 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 acquisitions, 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 not affiliated with or approved by the U.S. Securities and Exchange Commission.
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