New York, NY, September 29, 2008 – Comtex News Network, Inc. (OTC BB: CMTX), a leading provider of economically useful electronic real-time news, content and SmarTrend® market products, announced financial results for the fourth quarter and fiscal year ended June 30, 2008.

Comtex reported its revenues of $7.0 million for the year ended June 30, 2008, are essentially unchanged from $7.0 million in revenues reported for the fiscal year ended June 30, 2007. The revenue for fiscal 2008 includes the realization of approximately $181,000 of previously unrecognized revenue in the form of a one-time payment. For the fourth quarter of fiscal 2008, the Company's revenues were $1.6 million versus $1.8 million for the fourth quarter of fiscal 2007. The decrease in fourth quarter revenues was primarily due to acquisitions and business consolidations among Comtex's database customers, and thus lower data usage levels.

For fiscal 2008, Comtex had operating income of $748,000 and net income of $713,000 compared to operating income of $168,000 and a net loss of $(107,000), or $(0.01) per share, in the previous fiscal year. The increase in net income primarily resulted from reductions in the cost of revenues and reduced sales/marketing and general and administrative expenses, offset by increased technical operations expenses. Also factored into the year over year comparison were the reversal of accrued legal expenses during fiscal 2008, and a significant one-time charge of approximately $234,000 for debt conversion expense incurred in the year ended June 30, 2007.

Comtex reported a fourth quarter operating loss of $(49,000) and a net loss of $(41,000), $0.00 per share, compared to operating income of $85,000 and net income of $86,000, or $0.01 per share, for the fourth quarter of the previous fiscal year. The fourth quarter losses were also primarily the result of consolidations among database clients (as discussed above).

For fiscal 2008, EBITDA (as defined and explained in the accompanying note to the table below), excluding the effects of stock-based compensation, increased to $835,000 from $322,000 for the previous fiscal year. For the fourth quarter of fiscal 2008, the Company had negative EBITDA of $(22,000) compared to EBITDA of $119,000 for the fourth quarter of fiscal 2007. The decline in quarterly EBITDA is primarily the result of the decrease in revenues for the quarter ended June 30, 2008. The increase in annual EBITDA resulted from overall improvements in net income.

\"We're pleased that Comtex reported profitable results for fiscal 2008, but it is important to note the fourth quarter showed a slowdown similar to that in the broader economy,\" stated Chip Brian, President and CEO of Comtex. \"The volatility of the equity markets, in addition to the realities of protracted new business sales cycles and the consolidations of certain large customers, resulted in a challenging business environment in which Comtex continues to provide strong innovative products and superior client services.\"

About Comtex
Comtex (www.comtex.com) provides real-time news, Comtex SmarTrend® Alerts and economically useful information. 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 also provides several SmarTrend Alert products to consumers, including a daily stock market letter (Morning Call), selected stock news (SmarTrend Spotlights), and its banner product, SmarTrend Alerts (via subscription at www.tradethetrend.com). Comtex has offices in New York City; Boston, Massachusetts; and Alexandria, Virginia.

SmarTrend® is a registered trademark of Comtex News Network, Inc.
Please Note:

Comtex News Network, Inc. is not a registered investment advisor and does not provide investment advice. Investors bear complete responsibility for their own investment research and decisions and should seek the advice of a qualified investment professional prior to making investment decisions.

Except for the historical information contained herein, this press release contains forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, that involve a number of risks and uncertainties. These forward-looking statements may be identified by reference to a future period by use of forward-looking terminology such as \"anticipate,\" \"expect,\" \"could,\" \"intend,\" \"may\" and other words of a similar nature. These statements 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 risks 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.

NEW YORK, NY – September 15, 2008 – Comtex News Network, Inc. (OTC BB: CMTX), a leading provider of economically useful electronic real-time news, content and proprietary market products, today announced the introduction of a new version of Comtex's complimentary daily market newsletter, the Comtex SmarTrend Morning Call.

Investors can have easy access to market insight available exclusively from Comtex – the SmarTrend Morning Call is now presented in three new sections: Technical Indicators, Market Summary, and Corporate Corner. Also included are stock charts containing proprietary indicators and the latest SmarTrend UPTRENDS and DOWNTRENDS issued on all stocks cited in the newsletter. Free subscriptions to SmarTrend Morning Call are available at www.mysmartrend.com/signup.html.

\"The new SmarTrend Morning Call provides quick, easy access to unique, innovative stock research,\" said Chip Brian, President and CEO of Comtex – and editor of the daily morning newsletter. \"SmarTrend Morning Call – and our flagship product, SmarTrend Alert – deliver instant help to investors who wish to achieve superior investment performance in volatile markets.\"

About SmarTrend

The Comtex SmarTrend system is unique in the ways it combines timely, accurate collection of data with the development and implementation of successful stock selection models and decision-making tools. Relevant news is delivered with the exclusive alerts to give a comprehensive understanding of the factors driving equity performance.

Every trading day, Comtex issues up to 100 new SmarTrend UPTREND and/or DOWNTREND alerts, delivered with related news when available, on more than 5,500 North American stocks included in the Comtex SmarTrend database. Based on proprietary automated time-price series pattern recognition technology developed over the past 25 years, SmarTrend dynamically analyzes up to three years of historical stock price data coupled with real-time current-day trading information, and sends resulting alerts indicating that a price trend change has been identified. Hundreds of factors are simultaneously analyzed to result in this unique price trend change notification system.

SmarTrend is available by monthly or annual subscriptions and a free product trial is available on the website (www.tradethetrend.com). Institutional investors can also receive SmarTrend directly from a number of professional applications or directly as an XML newsfeed from Comtex.

About Comtex
Comtex (www.comtex.com) provides real-time news, Comtex SmarTrend® Alerts and economically useful information. 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 also provides several SmarTrend Alert products to consumers, including a daily stock market letter (Morning Call), selected stock news (SmarTrend Spotlights), and its banner product, SmarTrend Alerts (via subscription at www.tradethetrend.com). Comtex has offices in New York City; Boston, Massachusetts; and Alexandria, Virginia.

SmarTrend® is a registered trademark of Comtex News Network, Inc.

Trade The Trend^SM is a registered service mark of Comtex News Network, Inc.
Please Note:

Comtex News Network, Inc. is not a registered investment advisor and does not provide investment advice. Investors bear complete responsibility for their own investment research and decisions and should seek the advice of a qualified investment professional prior to making investment decisions.

Except for the historical information contained herein, this press release contains forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, that involve a number of risks and uncertainties. These forward-looking statements may be identified by reference to a future period by use of forward-looking terminology such as \"anticipate,\" \"expect,\" \"could,\" \"intend,\" \"may\" and other words of a similar nature. These statements 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 risks 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.