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Technology Stocks : NewsEdge (NEWZ = INDV + DTOP)
NEWZ 26.70+0.1%May 17 4:00 PM EDT

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To: Ms. Baby Boomer who wrote (2344)8/24/2000 8:40:35 PM
From: Ms. Baby Boomer  Read Replies (1) of 2365
 
Thursday August 24, 2:46 pm Eastern Time

NewsEdge Stock to Continue Trading on Nasdaq National Market

BURLINGTON, Mass.--(BUSINESS WIRE)--August 24, 2000--NewsEdge Corporation (Nasdaq: NEWZ - news), a syndicator of eContent and global news services, announced today it has been informed by Nasdaq that shares of the Company's common stock will continue to be traded on the Nasdaq National Market System.

``We continue to gain strength in building our business, as evidenced by the Company's recent success in rolling out its new eContent strategy,'' said Cliff Pollan, CEO of NewsEdge Corporation. ``We believe the market is beginning to recognize the long-term benefits of this strategic shift and will maintain our focus on building shareholder value by improving the fundamentals of our business.''

NewsEdge CFO Ron Benanto said, ``I'm encouraged about the progress in halving our sequential loss and bringing in $2.1 million in new, high margin eContent orders during the period ended June 30, 2000. With $20 million in cash and a debt-free balance sheet, NewsEdge has the financial resources to continue executing its new strategy and the momentum to reach its goal of EBITDA break even within just a few quarters.''

About NewsEdge Corporation

NewsEdge Corporation (Nasdaq: NEWZ - news) is a leader in business-oriented eContent syndication for Web sites and corporate Intranets. NewsEdge eContent attracts specialized audiences, fosters high-frequency usage, promotes Web site ``stickiness'' and ultimately cultivates eCommerce. NewsEdge serves more than 1,700 sites and companies with highly targeted eContent solutions including eTopics(TM), iTopics(TM), NewsEdge Insight(TM), NewsEdge Live(TM), and NewsEdge Review(TM). The NewsEdge Refinery(TM) combines a patented combination of sophisticated technology and human editorial review to deliver highly targeted eContent on more than 1,500 business topics from more than 2,000 sources. NewsEdge is headquartered in Burlington, Massachusetts, with offices and distributors throughout North America, South America, Europe, Japan and the Middle East. For more information about NewsEdge Corporation, please visit newsedge.com.

(c) NewsEdge Corporation, 2000, all rights reserved. NewsEdge is a registered trademark of NewsEdge Corporation. All other product or service marks mentioned herein are those of NewsEdge or their respective owners.

Certain of the above statements on the Company's future revenue and financial performance, are forward-looking statements that involve risks and uncertainties. Actual results could differ materially as a result of a variety of factors, including, risks associated with acquisitions, the timely development and acceptance of new products, competitive developments, the success of relationships with third parties, and other risk factors described from time to time in the Company's SEC reports.

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Contact:

NewsEdge:
NewsEdge Corporation
Ron Benanto
781/229-3070
ron.benanto@newsedge.com
or
Media Inquiries:
Laura Senturia
Schwartz Communications
781/684-0770
newsedge@schwartz-pr.com
or
Investor Inquiries:
Jaffoni & Collins Incorporated
Robert Rinderman, Kristian Talvitie
212/835-8500
newz@jcir.com
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