NEWS RELEASE
                              Release:  IMMEDIATE
                              For:      Comtex News Network, Inc.
                                             (Symbol: CMTX)
Contact:  Amber Gordon
          703-820-2000

               COMTEX EXPANDS BOARD OF DIRECTORS;
                     NAMES TWO NEW DIRECTORS

ALEXANDRIA, VA, January 13, 2003 - Comtex News Network, Inc. (OTC
BB: CMTX) today announced that it has expanded its Board of
Directors and named two new members to the Board.  Messrs. Robert
J. Lynch, Jr. and William J. Howard were elected to the Board,
effective immediately.  Mr. John S. Brunette has resigned from
the Board.

     Stephen W. Ellis, Chairman of the Company, said, "As Comtex
develops new areas for growth and new ways to anticipate the
needs of its clients, it's greatly beneficial to the Company for
the Board to broaden and expand through adding new independent
directors."  Mr. Ellis added, "Bob Lynch and Will Howard bring
years of high level financial and creative business development
experience to the Company, and we welcome them to the Board."

     Mr. Lynch has been president of American & Foreign
Enterprises, Inc. ("AFE"), an investment firm, for more than 20
years.  Among its many enterprises, AFE is partnered with
Hochtief, A.G., Germany's largest engineering/construction group.
AFE has worked with international investment banks such as
Goldman Sachs & Co., BV Bank of Munich and Citibank.  Mr. Lynch
has been a director of many public companies in various
industries, including Dames & Moore (environmental/geotechnical
engineering), Data Broadcasting Corporation (real-time financial
market data) and Turner Construction Company.

     Mr. Howard has extensive experience in journalism, and is
currently president of Discovery Tours LLC, a firm providing the
tourism industry with documentaries on historical communities in
the mid-Atlantic and Southern United States.  He concurrently
serves as chief financial officer of Expo Television Network LLC,
a firm providing the hotel industry with coverage of major
conventions.  Mr. Howard has also participated in real estate
development and the restoration of historical sites.  In
Maryland, he has received five Governor's Citations from three
different governors for his Community Service work, particularly
in Talbot County.


     Comtex News Network, Inc is a leading real-time news
aggregator and distributor reaching millions of readers through
more than 1,000 websites and applications throughout the world.
Comtex is a one-stop shop for real-time news and content products
used in applications serving the needs of the financial services
industry, individual and institutional investors, corporate
information markets, consumer websites and government and
association markets. Headquartered in Alexandria, VA, Comtex can
be found on the Web at http://www.comtexnews.net.
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.
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