Market Guide Enters Into Option Agreement to Sell Its CreditRisk Monitor Service

Business Wire, Sept 10, 1998

LAKE SUCCESS, N.Y.--(BUSINESS WIRE)--Sept. 10, 1998--Market Guide Inc. (Nasdaq: MARG) today announced execution of a definitive option agreement to sell its CreditRisk Monitor (CRM) business to New Generations Foods, Inc. (OTCBB: NGNF).

CreditRisk Monitor is an Internet based service providing credit reports to corporate personnel on retailing and other companies incorporating Market Guide developed financial information, peer and trend analysis, news, alert notifications and other vital information.

If the option is exercised, the purchase price of approximately $2.5 million is payable as follows: An initial payment of $1.5 million less adjustments by January 31 1999, and the balance in equal monthly installments, beginning in July 2001 and ending in June 2003. Exercise of the option is at the discretion of New Generation Foods and is dependent, in large part, on the Company's ability to raise financing of approximately $2.5 million to fund the initial payment and CRM's working capital requirements. Market Guide emphasized that there can be no assurance that New Generation Foods will conclude the transaction.

Commenting on the proposed sale, Homi M. Byramji, President and CEO of Market Guide, stated, "The sale of CreditRisk Monitor will allow Market Guide to focus one hundred percent of its attention and resources on continued growth of its core businesses."

Jerome S. Flum, Chairman and CEO of New Generation Foods, commented, "I am very excited about the long term prospects for CreditRisk Monitor. CRM has demonstrated that a growing market exists for its service. We are confident that Market Guide has built a solid foundation for the continuing growth of CRM under New Generation Food's management. I have seen first hand the enthusiasm this service generates and have listened to scores of credit managers lavish high praise on CRM's Internet-based service. It is my goal to grow this service rapidly and profitably."

Market Guide Inc., the benchmark for quality financial information, is the leader in providing the broadest coverage of professional grade financial content over the Internet. Market Guide specializes in the compilation, integration, display and delivery of a superior quality database of descriptive and analytic information on over 10,500 publicly traded domestic and foreign corporations. Well known to professional investors for 15 years, the company distributes its services through more than 65 on-line vendors and independent finance oriented websites including, America Online (NYSE: AOL), AmeriTrade (Nasdaq: AMTD), Charles Schwab (NYSE: SCH), DBC (Nasdaq: DBCC), FactSet Research Systems (NYSE:FDS), Individual Investor Group (Nasdaq: INDI), Lycos (Nasdaq: LCOS), Motley Fool, OneSource, PC Quote (Amex: PQT), Pointcast, Prodigy, Quote.com, Reuters (Nasdaq: RTRSY), and Yahoo! (Nasdaq: YHOO), as well as through its own web site - The Market Guide Investment Center (http://www.marketguide.com).

Safe Harbor Statement: Certain statements in this press release, including statements prefaced by the words "anticipates", "estimates", "believes", "expects" or words of similar meaning, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

    CONTACT: Market Guide Inc., Lake Success
              Jeffrey S. Geisenheimer, 516/327-2400 ext. 105
              Fax: 516/327-2425
              www.marketguide.com