COMTEX Reports 86% Increase in Revenues for Third Quarter, Fiscal 2000; New Contracts Increase 153%.

Business Editors/Hi-Tech Writers

ALEXANDRIA, Va.--(BUSINESS WIRE)--May 9, 2000

COMTEX News Network, Inc., (OTC BB: CMTX) today announced fiscal 2000 third quarter results.

The company reported revenues of $3.4 million, an 86% increase over the same period last year. Revenues through the first nine months were $8.7 million, a 65% increase over the first nine months of fiscal 1999.

The Company earned net income of $317,094 for the quarter ended March 31, 2000 as compared to $157,804, for the quarter ended March 31, 1999. On a year to date basis, net income equaled $859,548, representing a 133% increase over the first nine months of fiscal year 1999.

"An 86% increase in revenues affirms the viability of our infomediary business model in the market," said Charles W. Terry, President & CEO of COMTEX News Network, Inc. "In addition, COMTEX signed 167 new contracts during the first nine months of fiscal 2000, up 153% from 66 new contracts in the first nine months of fiscal 1999. Our goal is to build the most compelling distribution and publisher networks, while continuing to invest in the development of state-of-the-art new products and services to maintain our exceptional growth."

                                 COMTEX News Network
                               Selected Financial Data
                                     (unaudited)
                              Three Months Ended March 31,

                                          2000                1999
                                          ----                ----
Revenues                            $3,369,881          $1,811,128
Operating Income                      $352,341            $178,317
Net Income                            $317,094            $157,804
Income Per Share Data:
Basic                                     $.03                $.02
Weighted Avg. No. of Shares:         9,728,062           8,010,914
Diluted                                   $.02                $.01
Weighted Avg. No. of Shares:        13,015,757          12,055,635

COMTEX News Network, Inc. (OTC BB: CMTX) is a dynamic business-to-business infomediary that aggregates and redistributes diverse real-time global news and information for the Internet, Wall Street and corporate reseller markets.

Each day, COMTEX sorts thousands of stories from over 1,400 global sources, selected from services such as The Associated Press, Knight-Ridder, Canada NewsWire, ITAR/TASS, M2 Communications, ON24, UPI and Xinhua, to create its subject-specific CustomWires(R), headline and vertical-market news products for distribution to over 600 companies throughout the world.

Located in Alexandria, VA, COMTEX can be found on the World Wide Web at: http://www.comtexnews.net.

Note: All product and company names may be trademarks or registered trademarks of their respective holders.

Except for the historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those contemplated herein, including the occurrence of unanticipated events or circumstances relating to the fact that COMTEX is in a highly competitive industry subject to rapid technological, product and price changes.

Other factors include the possibility that demand for the company's products may not occur or continue at sufficient levels, changing global economic and competitive conditions, technological and other risks, costs and delays associated with the start-up and operation of major capital projects, changing governmental regulations and other risks and uncertainties, including those detailed in the company's filings with the Securities and Exchange Commission.

COMTEX undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.