NORWALK, Conn. -- EDGAR(R) Online(R), Inc. (NASDAQ: EDGR), a financial information company specializing in making complex regulatory reporting by public companies actionable and easy-to-use, announced today that its president and CEO, Susan Strausberg and its COO and CFO, Greg Adams, will present at Friedland Capital's Internet Financial Services Luncheon July 15 in New York.
The luncheon will provide an opportunity for EDGAR Online to present its corporate message to key members of the investment community including portfolio managers, analysts, brokers and investment bankers.
Strausberg said, "We've repositioned EDGAR Online to focus on subscriptions, which are recurring and carry incremental margins of approximately 85 percent. In 2004 we continue to grow our subscription revenue to offset last year's decline in technical services revenue. We expect to show total revenue growth by the third quarter of 2004 compared to the same period of 2003. EDGAR Online has also taken significant steps to solidify its balance sheet by raising $5.5 million in a secondary offering. These developments, along with other initiatives, lead us to believe that we have a compelling story to tell and we are pleased to present at Friedland Capital's Internet Financial Services Luncheon."
Investors interested in attending the luncheon should contact Friedland Capital at (303) 355-6566 or through the company's Web site, (www.friedlandcapitalevents.com). Investors interested in meeting privately with EDGAR Online's management should contact Greg Adams at (203) 852-5666.
About EDGAR(R) Online(R), Inc.
EDGAR Online, Inc. (www.edgar-online.com) is a financial information company specializing in making complex regulatory reporting by public companies actionable and easy-to-use. The Company makes financial information and a variety of analysis tools available via online subscriptions and licensing agreements to professionals in 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 our ability to (i) increase revenues, (ii) obtain profitability, and (iii) obtain additional financing, 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 acquisitions, 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. EDGAR Online is not affiliated with or approved by the U.S. Securities and Exchange Commission.
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