U.S. Securities and Exchange Commission Selects EDGAR Online's XBRL Datasets and I-Metrix Toolset for Analysis of Public Company Filings

NEW YORK, Sept. 16 /PRNewswire/ -- EDGAR^® Online, Inc. (Nasdaq: EDGR), a leading global provider of XBRL filing services, data and analysis tools, today announced that the U.S. Securities and Exchange Commission (SEC) has selected the Company's XBRL Datasets and its I-Metrix Professional analytics toolset to analyze financial information provided by public companies in XBRL.  In addition to EDGAR Online's "As Reported" XBRL Dataset, which includes detailed information from every Form 10-K and 10-Q document furnished to the SEC in XBRL format, the SEC will be able to leverage a unique database of more than 11 years of historical standardized XBRL data on all publicly held companies, offered only by EDGAR Online through its I-Metrix products.  I-Metrix combines financial data from Form 10-K, 10-Q and 8-K filings with equity pricing data, financial ratios and a variety of other data sets including institutional ownership and insider transactions to deliver one of the most comprehensive insights available into business financial information.

I -Metrix Professional is an established suite of interactive data and analytical tools offering the SEC extensive flexibility to organize and analyze EDGAR Online's award-winning company information and detailed XBRL-tagged financials.  The SEC can use I-Metrix tools to leverage over 7,000 data elements from more than 12,000 companies for easy comparisons as well as sophisticated quantitative analysis based on fundamental data and custom modeling capabilities.

"The SEC's selection emphasizes the critical importance of XBRL for the future of financial reporting," said David Goldstein, Senior Managing Director of Global Product & Market Development of EDGAR Online.  "Integrating more than a decade of historical financial information with our current XBRL 'As Reported' Dataset allows our clients, including the SEC, to run more rigorous analysis on individual companies, as well as specific sectors through EDGAR Online's I-Metrix Professional toolset."

In addition to working directly with the SEC, EDGAR Online is advancing financial transparency and the quality and efficiency of business information by bringing the power of XBRL to a wide variety of users.  The Company's data and I-Metrix tools have been used in the marketplace for more than five years by institutional and retail investors, as well as by the corporate finance community for business information analysis.

About EDGAR® Online, Inc.

EDGAR Online, Inc. (www.edgar-online.com) (NASDAQ: EDGR) is a leader in the distribution of company data and public filings for equities, mutual funds and a variety of other publicly traded assets. The company delivers its information products via online subscriptions and data licenses directly to end-users, embedded in other web sites and through a variety of redistributors.  EDGAR Online has also developed proprietary automated systems that allow for the rapid conversion of data and is a pioneer and leader in XBRL.  The company uses its automated processing platform and its expertise in XBRL to produce both datasets and tools and to assist organizations with the creation, management and distribution of XBRL financial reports.

Use of Forward-Looking Statements

This press release may contain "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date of this press release and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. Readers are strongly encouraged to read the full cautionary statements contained in EDGAR Online's filings with the SEC. EDGAR Online disclaim any obligation to update or revise any forward-looking statements.

EDGAR^® is a federally registered trademark of the U.S. Securities and Exchange Commission. EDGAR Online is not affiliated with or approved by the U.S. Securities and Exchange Commission.

SOURCE EDGAR(R) Online, Inc.

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