Exhibit 99.1

EDGAR Online Adds Benjamin Burditt and Richard Feinstein as Directors

    SOUTH NORWALK, Conn.--April 29, 2003--EDGAR(R) Online(R), Inc.
(Nasdaq: EDGR) today announced Benjamin A. Burditt, Co-Founder and
Senior Vice President of Scripps Ventures, LLC, and Richard L.
Feinstein, a management and financial consultant and former Chief
Financial Officer of The Major Automotive Companies, Inc. (Nasdaq:
MAJR) have joined the company's Board of Directors.

    Mr. Feinstein will also serve as Chairman of the company's Audit
Committee. EDGAR Online, Inc. is a leader in the business information
industry, specializing in the extraction, packaging and distribution
of public company information contained in SEC filings.

    "Benjy and Rick bring experience at the board and operating level
to make critical decisions and increase company performance. Their
varied backgrounds in finance, publishing and proficiency in capital
raising, due diligence and acquisitions will be of special value to
EDGAR Online. We believe they will both be major contributors to our
future success," said Susan Strausberg, CEO and President of EDGAR
Online, Inc.

    About Burditt

    At Scripps Mr. Burditt oversees a venture fund with $90 million
invested in over 30 early stage companies including enterprise and
small business software, content syndication and enabling technology
businesses. Burditt has been responsible for identifying attractive
early stage companies, screening business plans and conducting due
diligence with company management teams and negotiating term sheets
and closing documents. He serves on the board of portfolio companies
including Affinity Solutions, StructuredWeb, and VipDesk.

    Prior to Scripps Ventures he worked at United Media, a division of
the E.W. Scripps Company, as a Senior Vice President overseeing
strategy for newspaper syndication and worldwide licensing including
the evaluation of potential acquisition targets. He also oversaw a
company restructuring including the sale or discontinuation of certain
businesses, a restructuring of the sales organization, the revision of
pricing strategy and technology investment.

    Burditt also served as a Senior Engagement Manager at McKinsey &
Company and an Associate at Prudential-Bache Securities. He holds a
MBA from Yale University and a BA from Middleburry College. He is a
FAA certified flight instructor.

    About Feinstein

    As a consultant, Mr. Feinstein provides management and financial
advice to clients in a variety of industries. Prior to consulting, he
was a Senior Vice President and Chief Financial Office for The Major
Automotive Companies, Inc. (Nasdaq: MAJR), formerly a diversified
holding company, but now engaged solely in retail automotive
dealership operations.

    He also served as Managing Director and Chief Financial Officer of
Employee Benefit Services, Inc., a benefit communications and
financial services firm. He also served at KMPG Peat Marwick as a
Partner of its Audit and National Director of Litigation Settlement
Practice. Prior to KPMG, he was Partner, SEC Review Department, Audit
and National Director, Finance and Administration (CFO) of Main
Hurdman & Co., a $200 million accounting firm.

    Feinstein holds a BBA from Pace University. He served on the Board
of Directors of The New York City Road Runners and on the Executive
Committee for the Association for a Better New York. He also served in
the United States Marine Corps Reserve.

    Earnings Conference Call

    EDGAR Online will hold its quarterly conference call to review
results for the first quarter of 2003 today, Tuesday, April 29th at
5:00 p.m. Eastern Time. Susan Strausberg, CEO and President, and Greg
Adams, COO and CFO of EDGAR Online, Inc. will host the call. To
participate, please call: 1-800-404-1354 (Domestic), 1-706-643-0825
(International). The call will also be broadcast simultaneously and
archived on the Internet at: http://www.edgar-online.com/investor/.
There will be a replay of the conference call available from 8:00 p.m.
(EST) on April 29, 2003 until midnight (EST) May 6, 2003. To access
the replay, please dial 1-800-642-1687 (Domestic), 1-706-645-9291
(International), PassCode 9896056 any time during that period.

    About EDGAR(R) Online(R), 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(R) 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.

    CONTACT: EDGAR Online, Inc.
             Jay Sears, 203/852-5666
             sears@edgar-online.com