SOUTH NORWALK, CT, March 31, 2003 - EDGAR Online, Inc. (Nasdaq: EDGR) today announced a plan to align the company's cost structure with current business conditions. The plan provides for a reduction in workforce of 17%. The company anticipates that the restructuring actions will reduce operating expenses on an annualized basis by approximately $1.2 to $1.3 million. EDGAR Online is a leader in the business information industry, specializing in the extraction, packaging and distribution of public company information contained in SEC filings.

"These difficult but deliberate business decisions are a necessary response to continued economic uncertainties and requests from Nasdaq, our technical services customer, to reduce billings in the second half of 2003 by approximately $1 million.," commented Greg D. Adams, Chief Operating Officer and Chief Financial Officer of EDGAR Online. "We anticipate that new business will offset a portion of the expected third quarter 2003 revenue shortfall. Our pipeline of new subscription and data business opportunities is stronger than ever," said Adams.

During the first quarter of 2003 the company expects to incur restructuring charges of up to $800,000 consisting of employee severance associated with the work force reduction and severance with respect to its former president and chief operating officer.

About EDGAR Online, Inc.
EDGAR Online, Inc. (www.edgar-online.com) is a leader in the business information industry, specializing in the extraction, packaging and distribution of public company information contained in SEC filings. Based in Norwalk, Connecticut, with offices in Maryland and New York City, the company sells subscription products, data and services to 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 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.