NEW YORK, NY, May 13, 2009 – Comtex News Network, Inc. (OTC BB: CMTX), a leading provider of economically useful electronic real-time news, content and SmarTrend® market products, today announced financial results for its third fiscal quarter and the nine month period ended March 31, 2009.

Comtex reported revenues of $1.5 million, an operating loss of ($50,000) and a net loss of ($33,000), or $0.00 per share, for the third quarter ended March 31, 2009, compared to revenues of $1.8 million, operating income of $232,000, and net income of $244,000, or $0.02 per share, for the three months ended March 31, 2008. The decrease was primarily due to reduced customer spending caused by industry consolidations and current economic conditions, plus marginal increases in sales and marketing expenses.

For the nine months ended March 31, 2009, Comtex reported revenues of $4.8 million, $24,000 of operating income, and net income of $39,000, or $0.00 per share, compared to revenues of $5.4 million, $797,000 of operating income and net income of $754,000, or $0.05 per share, for the nine months ended March 31, 2008. The decrease in net income was primarily due to the reduced revenues caused by industry consolidations coupled with a one time pick up of revenue of approximately $181,000 from prior periods recorded in the nine months ended March 31, 2008. Net income for the period ended March 31, 2009 also reflected an increase in operating expenses, offset by the extinguishment of an accrued liability of $138,000 in October 2008.

For the nine months ended March 31, 2009, EBITDA (as defined and explained in the accompanying note to the table below), excluding the effects of stock-based compensation, was $147,000 compared to EBITDA of $858,000 for the nine months ended March 31, 2008. The decrease in EBITDA was primarily due to reduced revenues, as discussed above, and increased operating expenses mainly in technical operations, sales, and marketing.

Chip Brian, Comtex's President and CEO, stated, "Our third quarter results were consistent with our expectations and continued to be impacted by contracting budgets among certain of our customers. During these difficult economic conditions, the strength of our business model allows us to manage the short term challenges our business faces, while continuing to build and strengthen our growing SmarTrend product line and customer base."

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 proprietary SmarTrend Alert products to investors, including a daily stock market letter (Morning Call), selected stock news (SmarTrend Spotlights), and SmarTrend Alerts (via subscription at www.mysmartrend.com). Comtex has offices in New York City; Boston, Massachusetts; and Alexandria, Virginia.

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