EDGAR Online Takes First Step in New Strategy

Oct 21, 2003

EDGAR Online Inc., a provider of online SEC information and analysis tools, has announced the release of a new version of its premium EDGAR Online Pro service. In addition, the company outlined a new strategic focus on selling EDGAR Online Pro to clients in financial services companies, including investment bankers, asset managers, credit risk managers, compliance officers, hedge fund managers, market data professionals and others.

The new focus on the financial services market is intended to streamline the company's operations, increase product development efficiencies and allow for more targeted marketing. The company also expects to add staff to its existing subscription sales force. EDGAR Online will provide more details about the new strategic focus in the company's upcoming third quarter earnings call on October 28, 2003.

With the enhancement, the EDGAR Online Pro product now includes: Initial and Secondary Offering Data, which provides access to real time and historical profiles on initial and secondary public offerings including company, underwriter, auditor views, calendar information and post offering performance; Increased Ownership Pie Information--fielded data on insider trades and intents to sell, as well as equity holdings from over 2,200 institutional investors indicating asset management strategies; New Comparative Financial Tools that allows subscribers to compare financials across multiple companies and industries; more real time SEC Documents and additional search criteria.