NEW YORK, NY, May 16, 2005, Comtex News Network, Inc. (OTC BB: CMTX), a leading provider of economically useful electronic real-time news and content, today announced fiscal 2005 third quarter and year-to-date earnings.

For the quarter ended March 31, 2005, the Company reported operating income of $109,000 and net income of $82,000, or $0.01 per share, versus last year's third quarter operating loss of $(26,000) and net loss of $(68,000), or ($0.00) per share. Revenues were $1.9 million for both periods.

For the nine months ended March 31, 2005, the Company reported operating income of $400,000 and net income of $298,000, or $0.02 per share, versus last year's nine month operating loss of $(1.3) million and net loss of $(1.4) million, or ($0.10) loss per share. Revenues for the nine months ended March 31, 2005 were $6 million compared to $6.1 million for the same period of fiscal 2004.

Comtex's continued profitability was largely due to decreased operating expenses, particularly in the areas of general / administrative costs and technical operations costs, partially offset by increased sales / marketing expenses and, by decreased revenues. The decline in revenues resulted primarily from continuing business contractions within the electronic news marketplace.

C.W. Gilluly, Comtexís Chairman and Interim CEO, stated, \"Comtex management is focused on developing and introducing innovative, economically useful news and information products for our clients. We are pleased to report profitability during this time of product development.\"

About Comtex
Comtex (www.comtex.com) provides real-time news and economically useful information to businesses whose customers need more than just facts. Comtex customers receive select content from key sources which is further enhanced with stock tickers and an extended lexicon of relevant terms. With a specialization in the financial news and content marketplace, Comtex receives, enhances, combines and filters news and content received from national and international news bureaus, agencies and publications, and distributes more than one million total stories per day. Comtex's state-of-the-art technology delivers this relevant content and reliable service in real-time. Comtex has offices in New York City and Alexandria, Virginia.