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Investor Guide
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EDGAR® ONLINE® NAMED ONE OF CONNECTICUT’S FASTEST GROWING TECHNOLOGY COMPANIES IN DELOITTE TECHNOLOGY FAST
50 PROGRAM
SOUTH NORWALK, Conn. – November 11, 2004- EDGAR® Online®, Inc.(NASDAQ:
EDGR), a leading provider of value-added global business and financial
information, today announced that it has been named to Deloitte's prestigious
Technology Fast 50 Program for Connecticut, a ranking of the 50 fastest growing
technology companies in the area by Deloitte & Touche LLP, one of the nation’s
leading professional services firms. Deloitte bases its rankings on the
percentage of growth in fiscal year revenues over five years, from 1999–2003.
EDGAR Online president and CEO Susan Strausberg credits rapid growth in
subscription revenue with the company's 32 percent overall revenue growth from
1999–2003. Strausberg said, “We are pleased to be honored as one of
Connecticut’s fasting growing technology companies. With our focus on
developing powerful analytic tools that allow our clients to greatly reduce the
time they spend searching for data and spend more time on analyzing it, we
expect to continue to grow revenues and further establish EDGAR Online as
a leader in the new technologies.”
David Carver, Partner, Deloitte’s Technology, Media & Telecommunications
practice in Connecticut, said, “To succeed during prosperous times is one
thing; to succeed in adversity is much more challenging, and that’s exactly
what the Deloitte Technology Fast 50 winners have done. We applaud EDGAR Online
for its tremendous accomplishments during economically challenging times and
for being one of the elite Fast 50 companies in Connecticut.”
To qualify for the Technology Fast 50, companies must have had operating
revenues of at least $50,000 in 1999 and $1 million in 2003, must be public or
private companies headquartered in North America, and be a "technology company"
defined as owning proprietary technology that contributes to a significant
portion of the company's operating revenues (using other companies' technology
in a unique way does not qualify); and/or devoting a significant proportion of
revenues to research and development of technology.
About EDGAR® Online®, Inc.
EDGAR Online, Inc.(http://www.edgar-online.com) is a leading
provider of value-added global business and financial information. The company
makes financial information and a variety of analysis tools available via
online subscriptions and licensing agreements to professionals in financial
institutions, corporations and advisory firms.
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 U.S. member firm of Deloitte Touche Tohmatsu. In the U.S.,
services are provided by the subsidiaries of Deloitte & Touche USA LLP
(Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Tax LLP, and their
subsidiaries), and not by Deloitte & Touche USA 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 and/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, (iii) obtain additional financing, (iv) changes in general
economic and business conditions (including in the online business and
financial information industry), (v) actions of our competitors, (vi) the
extent to which we are able to develop new services and markets for our
services, (vii) risks in connection with acquisitions, (viii) the time and
expense involved in such development activities, (ix) the level of demand and
market acceptance of our services and (x) 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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