SOUTH NORWALK, Conn., Oct. 16 /PRNewswire/ -- EDGAR® Online®, Inc. (Nasdaq: EDGR) today reported that it expects to announce in its earnings release at the end of the trading day on October 30th that its revenue for the 3rd quarter will have increased by over 100% compared to the same period last year. More importantly, the company is also expecting to report positive EBITDA for the quarter.

"EDGAR Online continues to manage its business in ways that have enabled us to generate strong new sales and to achieve operating efficiencies that have made our business cash flow positive," said Tom Vos, President of EDGAR Online, Inc.

"We remain solidly on target for improving EBITDA profitability further in the 4th quarter, in accordance with our prior guidance. Despite a very difficult environment, we continue to increase enterprise subscription sales and decrease our operating expenses. Over the last five months the number of enterprise-wide and individual seat sales increased by a record level of 10,800, and this part of our business is still growing at a very rapid rate."

Third Quarter Conference Call Reminder

EDGAR Online, Inc. will hold its quarterly conference call to review results for the third quarter on Tuesday October 30th, at 5:00 p.m. Eastern Time. The call will be hosted by Tom Vos, President and COO, and Greg D. Adams, Chief Financial Officer. To participate, please call: Domestic 888-552-9483, International 212-547-0311, PassCode: EDGAR. Investors also have the option of calling 800-691-4868 (domestic), 402-220-0293 (Int'l.), for the teleconference replay, which will be available for approximately one week beginning at 7:00 p.m. EST on October 30th, 2001. The call will also be broadcast simultaneously over the Internet at http://www.vcall.com

.About EDGAR® Online®, Inc.

EDGAR Online, Inc. is a provider of financial information derived from U.S. Securities and Exchange Commission data and a developer of financial and business system solutions. Based in Norwalk, Connecticut, with offices in Rockville and Baltimore, Maryland and New York City, the company sells to the corporate market and Internet portals as well as running destination Web sites including EDGAR Online (http://www.edgar-online.com).

"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 not affiliated with or approved by the U.S. Securities and Exchange Commission. EDGAR Online is a product of EDGAR Online, Inc.

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