EDGAR ONLINE to Utilize New XBRL Taxonomies in Product Enhancements

Business Wire, Sept 21, 2004

SOUTH NORWALK, Conn. -- EDGAR(R) Online(R), Inc. (NASDAQ: EDGR), a leading provider of value-added global business and financial information, announced today its plans to provide complete company financials in eXtensible Business Reporting Language (XBRL) via its flagship premium service EDGAR Online Pro and other product offerings.

The announcement came in conjunction with today's release of the US Financial Reporting Taxonomy Framework, a family of XBRL taxonomies that is compliant with XBRL International's XBRL Specification 2.1. The taxonomies are available on the Web at www.xbrl.org/us/usfrtf/2004-08-15/TaxonomyFrameworkOverview.htm .

EDGAR Online, a leader in XBRL data management, participated in an effort led by the American Institute of Certified Public Accounts (AICPA) and the XBRL-US Consortium to develop description and classification taxonomies that assign a universal code to each line item in publicly filed financial statements. These taxonomies will be utilized in EDGAR Online's upcoming product enhancements, making EDGAR Online one of the first companies to offer financial professionals access to comprehensive corporate financials in XBRL. Currently, customers of EDGAR Online can access summary data in XBRL, but the new taxonomies will allow EDGAR Online to offer complete company financials in XBRL for all U.S. public companies. EDGAR Online will release the series of product enhancements over the course of the next six months.

Susan Strausberg, president and CEO of EDGAR Online, said, "We are pleased to be working closely with the AICPA and XBRL-US. Now that the taxonomies are available for public comment, we are accelerating completion of next generation fundamental data products that utilize XBRL. XBRL has revolutionized the way financial services professionals are exchanging information. Emerging technologies such as XBRL and Web Services will allow EDGAR Online to further build value into financial information and create new products including an expanded set of fundamental corporate data."

Barry C. Melancon, president and CEO of the AICPA, said, "EDGAR Online is a founding member of the XBRL International Consortium and has consistently provided a leadership role in the development of XBRL. Their contributions to the taxonomies have provided an invaluable service to this worldwide effort. We will continue to rely on their input in the future."

Paul Penler, vice chair of XBRL International and chair of XBRL-US, said, "EDGAR Online's review, analysis and feedback have significantly contributed to making the XBRL-US GAAP (Generally Accepted Accounting Principles) taxonomies commercially sustainable. The fact that EDGAR Online has made such a large commitment to the XBRL taxonomy and framework provides further evidence that XBRL brings value throughout the financial reporting supply chain."

More information about EDGAR Online's XBRL initiatives is available on the Web at xbrl.edgar-online.com/x/ .

About EDGAR(R) Online(R), Inc.

EDGAR Online, Inc. (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 law firms.

"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(R) 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(R) 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.