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                                   NEWS RELEASE


CONTACT:  Dennis I. Slovak
          V.P., Sales & Marketing
          (516) 327-2400


FOR IMMEDIATE RELEASE
- ---------------------
                                        
                   MARKET GUIDE REPORTS A SUBSTANTIAL INCREASE
                IN REVENUE AND NET INCOME FOR SECOND QUARTER 1996

     Lake Success, New York, October 16, 1995 --- Market Guide Inc. (OTC
Bulletin Board: MAGE), today announced results for the second quarter of its
1996 fiscal year.

     Total revenues for the three months ending August 31, 1995 were $970,580
with net income of $101,552 ($.02 per share)  compared with revenues of $623,604
and net income of $80,926 ($.02 per share) for the same period in fiscal 1995.
This represents a 55.6% increase in revenues and a 25.5% increase in net income
for the second quarter.

     Commenting on the Company's results, Mr. Homi Byramji, president and CEO of
Market Guide, said, "Our growth continues to be strong and steady in all areas
of our business, and demand for our database is high.  While we are pleased with
the quarter's results we shall continue to aggressively pursue new
relationships with distributors and to open new markets for our products."

     Market Guide Inc. compiles and markets a comprehensive database containing
descriptive and financial fundamental information on over 7,000 publicly traded
companies, which is distributed by most major information vendors to thousands
of investment bankers, portfolio managers, research analysts, traders, brokers
and individual investors.

                         TABLE FOLLOWS

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Selected Financial Information for Market Guide Inc.




                         For the Three          YTD Fiscal 1996
                         Months Ended

                     Aug. 31,    Aug. 31,    Aug. 31,     Aug. 31,
                      1995        1994        1995         1994
                   (Unaudited) (Unaudited) (Unaudited)  (Unaudited)
                            
                                            
Revenues            $970,580     $623,604  $1,860,921   $1,237,153

Net Income           101,552       80,926     178,606      152,015

Earnings Per            $.01         $.01        $.01         $.01
Share                                   

Wtd. Avg. Shares  16,697,879   16,298,910  16,697,879   16,047,644
Outstanding



Effective Monday October 16, 1995 the Company effected a previously announced 
one for four reverse split, with a corresponding change in ticker symbol from 
MARG to MAGE.

On a post split basis, the selected financial information for Market Guide Inc.
are:



                         For the Three          YTD Fiscal 1996
                         Months Ended

                     Aug. 31,    Aug. 31,    Aug. 31,     Aug. 31,
                      1995        1994        1995         1994
                   (Unaudited) (Unaudited) (Unaudited)  (Unaudited)
                            
                                            
                 
Revenues           $970,580     $623,604   $1,860,921   $1,237,153

Net Income          101,552       80,926      178,606      152,015

Earnings Per           $.02         $.02         $.04         $.04
Share                                   

Wtd. Avg. Shares  4,174,469    4,074,727    4,174,469    4,011,911
Outstanding



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