Exhibit 99
                                     Release:  IMMEDIATE
                                     For:    Comtex News Network
                                                (Symbol:  CMTX)
Contact:  Amber Gordon
          703-797-8011
          agordon@comtex.com

            COMTEX ESTABLISHES NEW RELATIONSHIP WITH
                 SILICON VALLEY BANK AND SECURES
                    REVOLVING LINE OF CREDIT

NEW YORK, NY - January 12, 2004 - Comtex News Network, Inc. (OTC
BB: CMTX), a leading wholesaler of electronic real-time news and
content, today announced that it has selected Silicon Valley Bank
(SVB), the primary banking subsidiary of Silicon Valley
Bancshares (Nasdaq: SIVB), for its principal banking
relationship.  In conjunction with this, Comtex has established
an initial $1 million line of credit with SVB for working capital
purposes.

     "We are very pleased to be working with Silicon Valley Bank,
a leading provider of banking services in the technology
industry, to further strengthen Comtex's financial foundation,"
said Steve Ellis, Comtex Chairman and CEO.  "As our new
management team works to enlarge our customer base and create
more dynamic products, this banking relationship provides the
Company with an increasingly solid financial base," added Mr.
Ellis.

     "We look forward to providing financial support to Comtex as
it revitalizes its operations and solidifies its competitive
position in the dynamic online content market," said Michael
Moretti, senior vice president, Silicon Valley Bank. "Our mission
is to help emerging and established technology companies, such as
Comtex, succeed by providing the diversified financial services
that will help them grow and prosper."



About Comtex
Comtex is a leading wholesaler of real-time news and related
content for the world's leading financial and business
information distributors. With a specialization in the financial
news and content marketplace, Comtex receives, enhances,
combines, filters and distributes news and content received from
more than 10,000 national and international news bureaus,
agencies and publications.  The resulting news and content
products - with embedded stock tickers, key words, standardized
metadata, uniform formatting and custom filters - are all
designed to meet the exacting standards required by investment
professionals.  More information on the company can be found at
www.comtex.com.


About Silicon Valley Bank
Silicon Valley Bank provides diversified financial services to
emerging growth and mature companies in the technology and life
sciences markets, as well as the premium wine industry. Through
its focus on specialized markets and extensive knowledge of the
people and business issues driving them, Silicon Valley Bank
provides a level of service and partnership that measurably
impacts its clients' success. Founded in 1983 and headquartered
in Santa Clara, Calif., the company serves more than 9,500
clients across the country through 28 regional offices. More
information on the company can be found at www.svb.com.


Please Note:  Except for the historical information contained
herein, this press release contains forward-looking statements
within the meaning of Section 21E of the Securities and Exchange
Act of 1934, as amended, that involve a number of risks and
uncertainties.  These forward-looking statements may be
identified by reference to a future period by use of forward-
looking terminology such as "anticipate," "expect," "could,"
"intend," "may" and other words of a similar nature.  These
statements involve risks and uncertainties that could cause
actual results to differ materially from those contemplated
herein, including the occurrence of unanticipated events or
circumstances relating to the fact that Comtex is in a highly
competitive industry subject to rapid technological, product and
price changes.  Other factors include the possibility that demand
for the Company's products may not occur or continue at
sufficient levels, changing global economic and competitive
conditions, technological risks and other risks and
uncertainties, including those detailed in the Company's filings
with the Securities and Exchange Commission.  Comtex undertakes
no obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
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