NEWS RELEASE

AT MARKET GUIDE
Homi M. Byramji
President & CEO
(516) 327-2400 ext. 101
                                
FOR IMMEDIATE RELEASE

         MARKET GUIDE COMPLETES STOCK PRIVATE PLACEMENT
                  NASDAQ FILING TO BE FINALIZED

Lake Success, New York, January 27, 1997 --- Market Guide Inc. (OTC
Bulletin  Board:  MARG), today announced completion  of  a  private
placement  sale of 343,363 shares of restricted common stock  at  a
price  of $3.50 per share to a limited number of institutional  and
qualified  individual investors.  Proceeds of the offering  totaled
$1,201,771.

Market Guide managed and conducted the successful private placement
without  third party assistance.  This has resulted in  the  entire
proceeds of the sales accruing to the Company.  Under the rules  of
the  Securities  and  Exchange Commission, the  purchasers  of  the
Company's  restricted stock must hold their shares  for  a  minimum
period of two years before the shares can be publicly sold.

The  company  intends to use the proceeds of the private  placement
offering  to expand its data collection operations, and to increase
sales and marketing activities in order to accelerate its growth.

The increase in equity resulting from the sale of common stock will
enable  the  company to meet the Nasdaq Stock Market's requirements
for  "Small  Cap" listing, according to Market Guide  Chairman  and
General  Counsel  John D. Case.  Case also stated that  the  Nasdaq
listing application will be submitted by February 3, 1997.

Homi.  M.  Byramji, President & CEO, said, "Our company has  raised
capital from private investors on two prior occasions over the past
eight years.  Each time the Company has used the money we raised to
provide  solid  positive  results,  and  increased  value  for  our
shareholders.   Repeat  participation from  several  investors  who
participated  in  earlier private placements  is  a  very  positive
endorsement of our accomplishments and a vote of confidence in  our
plans  for  the  future.   Additionally, I am  pleased  to  welcome
several new investors as shareholders."

Market  Guide,  Inc.  compiles a high quality  database  containing
descriptive and financial information on over 8,900 publicly traded
US  and  foreign companies.  The database contains detailed current
and historical financial information, descriptive information about
the  company's  business, summary institutional ownership,  capital
structure   and   insider   trading  statistics,   short   interest
information,   historical  stock  prices  and  over  five   hundred
financial  ratios.   Market  Guide markets  its  database  directly
through  its  Market Guide for Windows product line and  through  a
variety  of services on the Internet.  The company also distributes
data  through  over  35  leading vendors in  the  professional  and
individual investor markets.