----

----

|   X                    | Quarterly                  report pursuant to Section 13 or 15(d) of the Securities Exchange                  Act of                  1934  |
|---------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------|
|                                  |                                                                                                                                        |
|                                  | For                  the quarterly period ended September 30, 2007 or                                                                       |
|                                  |                                                                                                                                        |
| ___                                   | Transition                  report pursuant to Section 13 or 15(d) of the Securities Exchange                  Act of                  1934 |
|                                  |                                                                                                                                        |
|                                  | For                  the transition period from __________ to ___________                                                                   |
|                                  |                                                                                                                                        |
|                                  | Commission                  file                  number    0-10541                                                     |

**COMTEX        NEWS NETWORK, INC.**

| Delaware                                           | 13-3055012                           |
|----------------------------------------------------|--------------------------------------|
| (State                  or other jurisdiction      | (I.R.S.                  Employer    |
| of                  incorporation or organization) | Identification                  No.) |

----

| Part                  I  | Financial                  Information: | Page                  No.                                                                                                                                      |
|--------------------------|-----------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                     |                                    |                                                                                                                                                           |   |
|                     | Item                  1.                | Condensed                  Financial Statements                                                                                                                |   |
|                     |                                    |                                                                                                                                                           |   |
|                     |                                    |  Condensed                  Balance Sheets as of September 30, 2007 (unaudited) and June 30,                  2007                                        | 2 |
|                     |                                    |                                                                                                                                                           |   |
|                     |                                    |  Condensed                  Statements of Income for the Three Months Ended September 30, 2007                  and                  2006 (unaudited)     | 3 |
|                     |                                    |                                                                                                                                                           |   |
|                     |                                    |  Condensed                  Statements of Cash Flows for the Three Months Ended September 30,                  2007 and                  2006 (unaudited) | 4 |
|                     |                                    |                                                                                                                                                           |   |
|                     |                                    | Notes                  to Condensed Financial Statements (unaudited)                                                                                           | 5 |
|                     |                                    |                                                                                                                                                           |   |
|                     | Item                  2.                | Management's                  Discussion and Analysis or Plan of Operation                                                                                     | 6 |
|                     |                                    |                                                                                                                                                           |   |
|                     | Item                  3.                | Controls                  and Procedures                                                                                                                       | 10 |
|                     |                                    |                                                                                                                                                           |   |
| Part                  II | Other                  Information:     |                                                                                                                                                           |
|                     |                                    |                                                                                                                                                           |   |
|                     | Item                  1.                | Legal                  Proceedings                                                                                                                             | 10 |
|                     | Item                  2.                | Unregistered                  Sales of Equity Securities and Use of Proceeds                                                                                   | 11 |
|                     | Item                  3.                | Defaults                  Upon Senior Securities                                                                                                               | 11 |
|                     | Item                  4.                | Submission                  of Matters to a Vote of Security Holders                                                                                           | 11 |
|                     | Item                  5.                | Other                  Information                                                                                                                             | 11 |
|                     | Item                  6.                | Exhibits                                                                                                                                                       | 11 |
|                     |                                    |                                                                                                                                                           |   |
|                     |                                    |                                                                                                                                                           |   |
| SIGNATURES               |                                    | 12                                                                                                                                                             |

----

| Comtex                  News Network, Inc.                                     |   |
|--------------------------------------------------------------------------------|--------|
| Condensed                  Balance Sheets                                      |   |
|                                                                           |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |
|                                                                           |   | September                  30, |   |   | June                  30, |   |
|                                                                           |   | 2007 |   |   | 2007 |   |
| ASSETS                                                                         |   | (Unaudited) |   |   |   |   |
|                                                                           |   |   |   |   |   |   |
| CURRENT                  ASSETS                                                |   |   |   |   |   |   |
| Cash                                                                           |   | $ | 1,102,030 |   |   | $ | 581,131 |   |
| Marketable                  Securities                                         |   |   | - |   |   |   | 523,303 |   |
| Accounts                  Receivable, Net of Allowance of $115,396             |   |   | 1,054,824 |   |   |   | 938,080 |   |
| Prepaid                  Expenses                                              |   |   | 16,765 |   |   |   | 15,826 |   |
|                                                                           |   |   |   |   |   |   |   |   |
| TOTAL                  CURRENT ASSETS                                          |   |   | 2,173,619 |   |   |   | 2,058,340 |   |
|                                                                           |   |   |   |   |   |   |   |   |
| PROPERTY                  AND EQUIPMENT, NET                                   |   |   | 157,315 |   |   |   | 178,758 |   |
|                                                                           |   |   |   |   |   |   |   |   |
| DEPOSITS                  AND OTHER ASSETS                                     |   |   | 43,253 |   |   |   | 43,253 |   |
|                                                                           |   |   |                     |   |   |   |                     |   |
| TOTAL                  ASSETS                                                  |   | $ | 2,374,187 |   |   | $ | 2,280,351 |   |
|                                                                           |   |   |   |   |   |   |   |   |
| LIABILITIES                  AND STOCKHOLDERS' EQUITY                          |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |
| CURRENT                  LIABILITIES:                                          |   |   |   |   |   |   |   |   |
| Accounts                  Payable and Other Accrued Expenses                   |   | $ | 768,253 |   |   | $ | 913,850 |   |
| Accrued                  Payroll Expense                                       |   |   | 226,916 |   |   |   | 197,899 |   |
| Broker                  Margin Account                                         |   |   | - |   |   |   | 30,163 |   |
| Deferred                  Revenue                                              |   |   | 23,629 |   |   |   | 28,805 |   |
|                                                                           |   |   |   |   |   |   |   |   |
| TOTAL                  LIABILITIES                                             |   |   | 1,018,798 |   |   |   | 1,170,717 |   |
|                                                                           |   |   |   |   |   |   |   |   |
| COMMITMENTS                  AND CONTINGENCIES                                 |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |
| STOCKHOLDERS'                  EQUITY                                          |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |   |   |
| Common                  Stock, $0.01 Par Value - 25,000,000 Shares Authorized; |   |   |   |   |   |   |   |   |
| 15,294,200                  Shares issued and outstanding                      |   |   | 152,942 |   |   |   | 152,942 |   |
| Additional                  Paid-In Capital                                    |   |   | 13,566,637 |   |   |   | 13,563,340 |   |
| Accumulated                  Deficit                                           |   |   | (12,364,190 | ) |   |   | (12,606,648 | ) |
| Total                  Stockholders' Equity                                    |   |   | 1,355,389 |   |   |   | 1,109,634 |   |
| TOTAL                  LIABILITIES AND STOCKHOLDERS' EQUITY                    |   | $ | 2,374,187 |   |   | $ | 2,280,351 |   |

----

| Comtex                  News Network, Inc                                                                                   |   |
|-----------------------------------------------------------------------------------------------------------------------------|--------|
| Condensed                  Statements of Income                                                                             |   |
| (Unaudited)                                                                                                                 |   |
|                                                                                                                        |   |   |   |   |   |   |
|                                                                                                                        |   | Three                  months ended |   |
|                                                                                                                        |   | September                  30, |   |
|                                                                                                                        |   | 2007 |   |   | 2006 |   |
|                                                                                                                        |   |   |   |   |   |   |
|                                                                                                                        |   |   |   |   |   |   |
| Revenues                                                                                                                    |   | $ | 1,855,521 |   |   | $ | 1,750,975 |   |
|                                                                                                                        |   |   |   |   |   |   |   |   |
| Cost                  of Revenues                                                                                           |   |   |   |   |   |   |   |   |
|    (including                  depreciation and amortization expense                                         |   |   |   |   |   |   |   |   |
|    of                  $6,364 and $13,880, respectively)                                                     |   |   | 711,960 |   |   |   | 762,288 |   |
|                                                                                                                        |   |   |   |   |   |   |   |   |
|      Gross                  Profit                                                                 |   |   | 1,143,561 |   |   |   | 988,687 |   |
|                                                                                                                        |   |   |   |   |   |   |   |   |
| Operating                  Expenses:                                                                                        |   |   |   |   |   |   |   |   |
|  Technical                  Operations and Support (inclusive of                  stock-based                          |   |   |   |   |   |   |   |   |
|        compensation                  of $1,182 and $1,851, for the three months ended    |   |   |   |   |   |   |   |   |
|        September                  30, 2007 and 2006, respectively)                       |   |   | 329,946 |   |   |   | 286,675 |   |
|  Sales                  and Marketing (inclusive of                  stock-based compensation of                       |   |   |   |   |   |   |   |   |
|        $1,684                  and $2,327, for the three months ended September 30, 2007 |   |   |   |   |   |   |   |   |
|        and                  2006, respectively)                                          |   |   | 121,135 |   |   |   | 178,057 |   |
|  General                  and Administrative (inclusive of                  stock-based                                |   |   |   |   |   |   |   |   |
|        compensation                  of $431 and $7,770, for the three months ended      |   |   |   |   |   |   |   |   |
|        September                  30, 2007 and 2006, respectively)                       |   |   | 370,026 |   |   |   | 438,202 |   |
|  Depreciation                  and Amortization                                                                        |   |   | 15,115 |   |   |   | 21,157 |   |
|    Total                  Operating Expenses                                                                 |   |   | 836,222 |   |   |   | 924,091 |   |
|                                                                                                                        |   |   |   |   |   |   |   |   |
|    Operating                  Income                                                                         |   |   | 307,339 |   |   |   | 64,596 |   |
|                                                                                                                        |   |   |   |   |   |   |   |   |
| Other                  (Expense) Income, net                                                                                |   |   |   |   |   |   |   |   |
|  Interest                  Expense                                                                                     |   |   | (2,321 | ) |   |   | (21,656 | ) |
|  Interest                  Income                                                                                      |   |   | 6,960 |   |   |   | 4,916 |   |
|  Realized                  and Unrealized Loss on Marketable Securities                                                |   |   | (65,157 | ) |   |   | - |   |
|  Other                  Income                                                                                         |   |   | - |   |   |   | 18,896 |   |
|    Other                  (Expense) Income, net                                                              |   |   | (60,518 | ) |   |   | 2,156 |   |
|                                                                                                                        |   |   |   |   |   |   |   |   |
| Income                  Before Provision for Income Taxes                                                                   |   |   | 246,821 |   |   |   | 66,752 |   |
|                                                                                                                        |   |   |   |   |   |   |   |   |
| Provision                  for Income Taxes                                                                                 |   |   | 4,363 |   |   |   | 5,259 |   |
| Net                  Income                                                                                                 |   | $ | 242,458 |   |   | $ | 61,493 |   |
|                                                                                                                        |   |   |   |   |   |   |   |   |
| Basic                  Earnings Per Common Share                                                                            |   | $ | 0.02 |   |   | $ | 0.00 |   |
|                                                                                                                        |   |   |   |   |   |   |   |   |
| Weighted                  Average Number of Common Shares                                                                   |   |   | 15,294,200 |   |   |   | 13,700,334 |   |
|                                                                                                                        |   |   |   |   |   |   |   |   |
| Diluted                  Earnings Per Common Share                                                                          |   | $ | 0.02 |   |   | $ | 0.00 |   |
|                                                                                                                        |   |   |   |   |   |   |   |   |
| Weighted                  Average Number of Shares Assuming Dilution                                                        |   |   | 15,462,061 |   |   |   | 14,862,450 |   |

----

| Comtex                  News Network, Inc.                                         |   |
|------------------------------------------------------------------------------------|--------|
| Condensed                  Statements of Cash Flows                                |   |
| (Unaudited)                                                                        |   |
|                                                                               |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |
|                                                                               |   | Three                  Months Ended |   |
|                                                                               |   | September                  30, |   |
|                                                                               |   | 2007 |   |   | 2006 |   |
|                                                                               |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |
| Cash                  Flows from Operating Activities:                             |   |   |   |   |   |   |
|  Net                  Income                                                  |   | $ | 242,458 |   |   | $ | 61,493 |   |
| Adjustments                  to reconcile net income to net cash                   |   |   |   |   |   |   |   |   |
|   provided                  by (used in) operating activities:           |   |   |   |   |   |   |   |   |
|   Depreciation                  and Amortization                         |   |   | 21,478 |   |   |   | 35,037 |   |
|   Realized                  and Unrealized Loss on Marketable Securities |   |   | 65,157 |   |   |   |   |   |
|   Stock                  Based Compensation                              |   |   | 3,297 |   |   |   | 11,948 |   |
|   Changes                  in Assets and Liabilities:                    |   |   |   |   |   |   |   |   |
|    Accounts                  Receivable                             |   |   | (116,744 | ) |   |   | (1,335 | ) |
|    Prepaid                  Expenses                                |   |   | (939 | ) |   |   | (8,285 | ) |
|    Deposits                  & Other Assets                     |   |   |   |   |   |   | (33,526 | ) |
|    Accounts                  Payable and Other Accrued Expenses     |   |   | (145,597 | ) |   |   | (164,952 | ) |
|    Accrued                  Payroll Expense                         |   |   | 29,017 |   |   |   | (25,563 | ) |
|    Deferred                  Revenue                                |   |   | (5,176 | ) |   |   | 954 |   |
|    Deferred                  Rent                                   |   |   |   |   |   |   | (1,726 | ) |
|   Net                  Cash Provided by (Used in) Operating Activities   |   |   | 92,951 |   |   |   | (125,955 | ) |
|                                                                               |   |   |   |   |   |   |   |   |
| Cash                  Flows from Investing Activities:                             |   |   |   |   |   |   |   |   |
|   Purchase                  of Marketable Securities                     |   |   | (1,258,181 | ) |   |   |   |   |
|   Proceeds                  from the Sale of Marketable Securities       |   |   | 1,716,327 |   |   |   |   |   |
|   Purchases                  of Property and Equipment                   |   |   | (35 | ) |   |   | (25,504 | ) |
|                                                                               |   |   |   |   |   |   |   |   |
|   Net                  Cash Provided by (Used in) Investing Activities   |   |   | 458,111 |   |   |   | (25,504 | ) |
|                                                                               |   |   |   |   |   |   |   |   |
| Cash                  Flows from Financing Activities:                             |   |   |   |   |   |   |   |   |
|   Repayments                  of Capital Lease Obligations               |   |   |   |   |   |   | (4,823 | ) |
|   Repayment                  of Broker Margin Account                    |   |   | (30,163 | ) |   |   |   |   |
|   Proceeds                  from Exercise of Stock Options               |   |   |   |   |   |   | 520 |   |
|   Net                  Cash Used in Financing Activities                 |   |   | (30,163 | ) |   |   | (4,303 | ) |
|                                                                               |   |   |   |   |   |   |   |   |
| Net                  Increase (Decrease) in Cash                                   |   |   | 520,899 |   |   |   | (155,762 | ) |
|                                                                               |   |   |   |   |   |   |   |   |
| Cash                  at Beginning of Period                                       |   |   | 581,131 |   |   |   | 1,881,739 |   |
|                                                                               |   |   |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |   |
| Cash                  at End of Period                                             |   | $ | 1,102,030 |   |   | $ | 1,725,977 |   |
|                                                                               |   |   |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |   |
| Supplemental                  Disclosure of Cash Flow Information:                 |   |   |   |   |   |   |   |   |
| Cash                  paid for income taxes                                        |   | $ | 4,363 |   |   | $ | 2,359 |   |
| Cash                  paid for interest                                            |   | $ | 2,321 |   |   | $ | 21,656 |   |

----

*Accounting for Income Taxes*

----

**Forward-looking        Statements**

----

----

----

|                              |   |  Contractual                  Obligations |                                                                                                                           |
|-----------------------------------|--------|------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------|
|                              |   | **2008**                                       |                                                                                                                           |   | **2009** |   |   | **2010** |   |   | **2011** |   |   | **2012** |   |   | **Total** |   |
| Operating                  Leases |   | $                                              | 165,052                                                                                                                        |   |   | $ | 140,337 |   |   | $ | 4,656 |   |   | $ | 4,656 |   |   | $ | 3,104 |   |   | $ | 317,805 |   |
|                              |   |                                           |                       |   |
| Total                             |   | $                                              | 165,052                                                                                                                        |   |   | $ | 140,337 |   |   | $ | 4,656 |   |   | $ | 4,656 |   |   | $ | 3,104 |   |   | $ | 317,805 |   |

|                                                               |   | Three                  Months        |   |
|--------------------------------------------------------------------|--------|--------------------------------------|--------|
|                                                               |   | Ended                  September 30, |   |
|                                                               |   | 2007                                 |   |   | 2006 |   |
| Reconciliation                  to EBITDA:                         |   |                                 |   |   |   |   |
|    Net                  Income                      |   | $                                    | 242    |   |   | $ | 61 |   |
|    Stock                  Based Compensation        |   |                                 | 3      |   |   |   | 12 |   |
|    Depreciation                  and Amortization   |   |                                 | 21     |   |   |   | 35 |   |
|    Interest/Other                  (Income) Expense |   |                                 | 61     |   |   |   | (2 | ) |
|    Income                  Taxes                    |   |                                 | 4      |   |   |   | 5 |   |
|    EBITDA                                           |   | $                                    | 331    |   |   | $ | 111 |   |

----

----

| Item                  2. | Unregistered                  Sales of Equity Securities and Use of Proceeds |
|--------------------------|------------------------------------------------------------------------------|
|                     |                                                                         |   |
|                     | None.                                                                        |   |
|                     |                                                                         |   |
|                     |                                                                         |   |
| Item                  3. | Defaults                  Upon Senior Securities                             |
|                     |                                                                         |   |
|                     | None.                                                                        |   |
|                     |                                                                         |   |
|                     |                                                                         |   |
| Item                  4. | Submission                  of Matters to a Vote of Security Holders         |
|                     |                                                                         |   |
|                     | None.                                                                        |   |
|                     |                                                                         |   |
|                     |                                                                         |   |
| Item                  5. | Other                  Information                                           |
|                     |                                                                         |   |
|                     | None.                                                                        |   |
|                     |                                                                         |   |
|                     |                                                                         |   |
|                     |                                                                         |   |
| Item                  6. | Exhibits                                                                     |
|                     |                                                                         |   |
|                     | 31.1                                                                         | Certification                  of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley                  Act of 2002. |
|                     |                                                                         |   |
|                     | 31.2                                                                         | Certification                  of Principal Financial and Accounting Officer pursuant to Section                  302 of                  the Sarbanes-Oxley Act of 2002. |
|                     |                                                                         |   |
|                     | 32.1                                                                         | Certification                  of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley                  Act of 2002. |
|                     |                                                                         |   |
|                     | 32.2                                                                         | Certification                  of Principal Financial and Accounting Officer pursuant to Section                  906 of                  the Sarbanes-Oxley Act of 2002. |

----

|                               |   | COMTEX                  NEWS NETWORK, INC. |                                                          |
|------------------------------------|--------|--------------------------------------------|---------------------------------------------------------------|
|                               |   | (Registrant)                               |                                                          |
|                               |   |                                       |                                                          |   |
|                               |   |                                       |                                                          |   |
|                               |   |                                       |                                                          |   |
| November                  13, 2007 |   | By:                                        | /s/                  Chip Brian                               |   |
|                               |   |                                       | Chip                  Brian                                   |   |
|                               |   |                                       | President                  and Chief Executive Officer        |   |
|                               |   |                                       | (Principal                  Executive Officer)                |   |
|                               |   |                                       |                                                          |   |
|                               |   |                                       |                                                          |   |
| November                  13, 2007 |   | By:                                        | /s/                  Paul Sledz                               |   |
|                               |   |                                       | Paul                  Sledz                                   |   |
|                               |   |                                       | Corporate                  Controller & Treasurer         |   |
|                               |   |                                       | (Principal                  Financial and Accounting Officer) |   |