SEPARATION, RELEASE AND
                       CONSULTING AGREEMENT

       This   Separation  ,  Release  and  Consulting   Agreement
("Separation  Agreement") is dated as of July 22,  2003,  by  and
between Comtex News Network, Inc. (the "Company") and Raymond  P.
Capece (the "Executive").

     WHEREAS, Executive entered into an employment agreement with
the   Company  dated  as  of  April  25,  2003  (the  "Employment
Agreement"); and

     WHEREAS, Executive has tendered his resignation as President
and  Chief Executive Officer of Company effective as of July  22,
2003; and

      NOW,  THEREFORE,  in consideration of the  promises  herein
stated and other good and valuable consideration, the receipt and
adequacy of which is acknowledged by each of the parties and  who
intend  to  be  legally bound by this Separation  Agreement,  the
parties state and agree as follows:

1.    Termination of Employment Relationship.  The parties hereto
agree  that their employment relationship terminated as  of  July
22,  2003, except that the obligations of Executive under Section
6(a) of the Employment Agreement relating to the covenant not  to
compete  are  hereby  waived by the Company.   In  addition.  the
obligations  of  Executive under Section 6(e) of  the  Employment
Agreement relating to confidential information shall continue  in
full  force  and  effect.   All accrued vacation  leave  and  any
unreimbursed business expenses due to Executive through July  22,
2003 will be paid to Executive no later than August 15, 2003.

2.    Cobra Eligibility and Company Payments.  Executive shall be
entitled to elect continuing health care coverage under Company's
health plan, at Company's expense through the last day of October
2003  and  at  Executive's  expense thereafter,  subject  to  the
requirements  of  Title  X  of  the Consolidated  Omnibus  Budget
Reconciliation Act of 1985, Internal Revenue Code section  4980B,
and subsequent legislation ("COBRA").

3.     Consulting  Agreement.   Although  both  parties  to  this
Separation Agreement agree that there is no obligation to  do  so
pursuant  to the Employment Agreement, the Company hereby  agrees
to  engage  Executive in a consulting capacity for a ninety  (90)
day period, effective July 22, 2003, for the purpose of assisting
the  Company in transitioning to a new organization structure and
headquarters location.  The daily rate that the Executive will be
paid  for  such  consulting assistance to the  Company  willl  be
$400.00  per day, with payment due within 7 days upon receipt  of
invoice.

4.    Waiver  and Release.  In connection with the  execution  of
this Separation Agreement, Executive and Company hereby waive and
release  each  other from any and all causes of  actions,  debts,
claims  and  liabilities, whether known or unknown, which  either
party  now has or may have in the future against the other  under
the Employment Agreement, except as otherwise provided herein.

5.    Counterparts.  This Separation Agreement may be executed in
one  or  more  counterparts, each of which  shall  be  deemed  to
constitute an original.

6.    Governing Law.  This Separation Agreement shall be governed
by,   and  interpreted  in  accordance  with,  the  laws  of  the
Commonwealth of Virginia, without regard to the conflict  of  law
principles thereof.

     IN  WITNESS  WHEREOF, the parties hereto  have  caused  this
instrument to be executed in counterparts as of the 22th  day  of
July 2003.


                                   COMTEX NEWS NETWORK, INC.


                                   By: /S/ STEPHEN W. ELLIS
                                   ---------------------------
                                   Stephen W.  Ellis, Chairman
                                   of the Board
                                   Acting on Behalf of the Board
                                   of Directors


                                   EXECUTIVE


                                   By:/S/ RAYMOND P. CEPECE
                                   --------------------------
                                   Raymond P. Capece