UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 10-Q
(Mark One)

[X]  Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange
     Act of 1934

For the quarterly period ended March 31, 2004 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.

             (Exact name of registrant as specified in its charter)

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

                            625 N. Washington Street
                                    Suite 301
                           Alexandria, Virginia 22314
                    (Address of principal executive offices)

                                 (703) 820-2000
               Registrant's Telephone number, including area code


                                 Former address:
                          4900 Seminary Road, Suite 800
                           Alexandria, Virginia 22311

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days: Yes _X No ___

Indicate  by check mark  whether  the  registrant  is an  accelerated  filer (as
defined in Rule 12b-2 of the Exchange Act). Yes ___ No _X_

As of May 11, 2004, 13,588,041 shares of the Common Stock of the registrant, par
value $0.01 per share, were outstanding.


                            COMTEX NEWS NETWORK, INC.
                                TABLE OF CONTENTS



Part I            Financial Information:                               Page No.

  Item 1.  Financial Statements

         Consolidated Balance Sheets                                      3
          as of March 31, 2004 (unaudited)
          and June 30, 2003

         Consolidated Statements of Operations                            4
          for the Three and Nine Months Ended
          March 31, 2004 and 2003 (unaudited)

         Consolidated Statements of Cash Flows                            5
          for the Nine Months Ended
          March 31, 2004 and 2003 (unaudited)

         Notes to Financial Statements                                    6

  Item 2.  Management's Discussion and Analysis                           9
               of Financial Condition and Results
               of Operations

  Item 3.  Quantitative and Qualitative Disclosure about Market Risk      15

  Item 4.  Controls and Procedures                                        16

Part II  Other Information:

     Item 1.  Legal Proceedings                                           16
     Item 2.  Changes in Securities and Use of Proceeds                   17
     Item 3.  Defaults Upon Senior Securities                             17
     Item 4.  Submission of Matters to a Vote of Security Holders         17
     Item 5.  Other Information                                           17
     Item 6.  Exhibits and Reports on Form 8-K                            17


SIGNATURES                                                                18

                                       2
<page>
<TABLE>
<CAPTION>

                            COMTEX NEWS NETWORK, INC.
                           CONSOLIDATED BALANCE SHEETS
                                   (unaudited)

                                                                   March 31,             June 30,
                                                                     2004                 2003
                                                               -----------------    -----------------
ASSETS

CURRENT ASSETS
<S>                                                                   <C>                  <C>
Cash                                                                  $ 344,893            $ 464,981
Accounts Receivable, net of allowance of approximately
$125,400 and $140,500, at March 31, 2004 and June 30, 2003,
 respectively                                                           692,821              779,136
Prepaid Expenses and Other Current Assets                                69,707               86,787
                                                               -----------------    -----------------
          TOTAL CURRENT ASSETS                                        1,107,421            1,330,904

PROPERTY AND EQUIPMENT, NET                                           1,153,721            2,067,149
RESTRICTED CASH                                                         360,000                    -
DEPOSITS AND OTHER ASSETS                                                28,617               74,988
                                                               -----------------    -----------------
TOTAL ASSETS                                                        $ 2,649,759          $ 3,473,041
                                                               =================    =================

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)

CURRENT LIABILITIES:
Accounts Payable and Other Accrued Expenses                         $ 1,348,573          $ 1,081,671
Accrued Payroll Expense                                                 216,642              463,699
Amount due under Bank Financing Agreement                               164,373                    -
Deferred Revenue                                                         80,639              127,634
Note Payable - Other, Current                                            30,000                    -
Capital Lease Obligations, Current                                       49,013               56,625
                                                               -----------------    -----------------
TOTAL CURRENT LIABILITIES                                             1,889,240            1,729,629

LONG-TERM LIABILITIES:
Capital Lease Obligations, Long-Term                                     28,671               23,483
Long-Term Note Payable - Affiliate                                      856,954              856,954
Long-Term Note Payable - Other                                          330,000                    -
Deferred Rent                                                            11,842               77,353
                                                               -----------------    -----------------
TOTAL LONG-TERM LIABILITIES                                           1,227,467              957,790
                                                               -----------------    -----------------
TOTAL LIABILITIES                                                     3,116,707            2,687,419

COMMITMENTS AND CONTINGENCIES (Note 3)

STOCKHOLDERS' EQUITY (DEFICIENCY)

Common Stock, $0.01 Par Value - 25,000,000 shares
authorized; shares issued and outstanding: 13,588,041
and 13,245,170 at March 31, 2004 and June 30, 2003,
 respectively                                                           135,880              132,452
Additional Paid-In Capital                                           12,310,219           12,211,181
Accumulated Deficit                                                 (12,913,047)         (11,558,011)
                                                               -----------------    -----------------
          Total Stockholders'  Equity (Deficiency)                     (466,948)             785,622
                                                               -----------------    -----------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)             $ 2,649,759          $ 3,473,041
                                                               =================    =================
</TABLE>

The accompanying  "Notes to Consolidated  Financial  Statements" are an integral
part of these consolidated financial statements
                                       3
<page>
<TABLE>
<CAPTION>
                            COMTEX NEWS NETWORK, INC.
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)

                                                                   Three months ended                    Nine months ended
                                                                        March 31,                             March 31,
                                                              ----------------------------          ------------------------------
                                                                2004               2003                2004               2003
                                                              ----------------------------          ------------------------------
<S>                                                          <C>                <C>                 <C>                <C>
Revenues                                                     $ 1,962,035        $ 2,287,394         $ 6,148,975        $ 7,149,016
Cost of Revenues
(including depreciation and amortization expense of
 approximately $99,000, $116,000, $298,000 and $345,000,
  respectively)                                                  847,462            977,436           2,694,243          2,949,337

Gross Profit                                                   1,114,573          1,309,958           3,454,732          4,199,679
Operating Expenses
Technical Operations & Support                                   499,904            475,567           1,657,778          1,495,508
Sales and Marketing                                              173,830            216,757             418,402            756,116
General and Administrative                                       338,553            536,840           1,413,711          1,501,258
Settlement with Former Landlord                                   15,000                  -             478,447                  -
Loss on Disposal of Assets Related to Lease Termination                -                  -             300,410                  -
Stock-based Compensation                                          16,000                  -              67,864              2,100
Depreciation and Amortization                                     97,155            188,147             380,897            566,711
Total Operating Expenses                                       1,140,442          1,417,311           4,717,509          4,321,693

Operating Loss                                                   (25,869)          (107,353)         (1,262,777)          (122,014)

Other Expense
Interest Expense                                                 (34,288)           (25,441)            (84,792)           (77,139)
Other Expense                                                     (7,504)            (1,903)             (7,042)           (20,261)

    Other Expense                                                (41,792)           (27,344)            (91,834)           (97,400)

Loss Before Provision for Income Taxes                           (67,661)          (134,697)         (1,354,611)          (219,414)

Provision for Income Taxes                                             -                  -                 425                491

Net Loss                                                       $ (67,661)        $ (134,697)       $ (1,355,036)        $ (219,905)
                                                         ================  =================   =================  =================

Basic and Diluted Loss Per Common Share                     $     ( 0.00)     $      ( 0.01)       $     ( 0.10)     $      ( 0.02)
                                                         ================  =================   =================  =================

Weighted Average Number of Common Shares                      13,588,041         13,226,965          13,559,617         13,169,902
                                                         ================  =================   =================  =================
</TABLE>

The accompanying  "Notes to Consolidated  Financial  Statements" are an integral
part of these consolidated financial statements
                                       4
<page>

<TABLE>
<CAPTION>
                            COMTEX NEWS NETWORK, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)

                                                                          Nine Months Ended
                                                                              March 31,
                                                                -------------------------------------
                                                                     2004                 2003
                                                                ----------------     ----------------
Cash Flows from Operating Activities:
<S>                                                                <C>                    <C>
Net Loss                                                           $ (1,355,036)          $ (219,905)
Adjustments to reconcile net loss to net cash provided by/
(used in) operating activities:
Depreciation and Amortization Expense                                   679,085              911,292
Bad Debt Expense/(Recovery)                                             (25,066)              56,000
Stock Based Compensation                                                 67,864                2,100
Loss on Disposal of Assets                                              307,914               14,993
Settlement with Former Landlord                                         360,000                    -
Deferred Rent                                                           (65,511)              66,595
Foreign Currency Translation                                                  -                7,350
Changes in Assets and Liabilities:
Accounts Receivable                                                     111,381               58,748
Prepaid Expenses and Other Current Assets                                17,080               49,218
Deposits and Other Assets                                                46,371                5,759
Accounts Payable and Other Accrued Expenses                             266,902             (771,009)
Accrued Payroll Expense                                                (247,057)            (187,338)
Deferred Revenue                                                        (46,995)               2,550
                                                                ----------------     ----------------
Net Cash provided by/(used in) Operating Activities                     116,932               (3,647)

Cash Flows from Investing Activities:
Proceeds from Sale of Assets                                             53,580                    -
Increase in Restricted Cash                                            (360,000)                   -
Purchases of Property and Equipment                                     (82,599)            (223,030)
                                                                ----------------     ----------------
Net Cash used in Investing Activities                                  (389,019)            (223,030)

Cash Flows from Financing Activities:
Repayments of Capital Lease Obligations                                 (46,976)             (30,733)
Repayments on Note Payable - Affiliate                                        -              (49,000)
Net Proceeds from Bank Financing Agreement                              164,373                    -
Issuance of Stock under Employee Stock Purchase Plan                        829               13,901
Proceeds from Exercise of Stock Options                                  33,773                    -
                                                                ----------------     ----------------
Net Cash provided by/(used in) Financing Activities                     151,999              (65,832)
                                                                ----------------     ----------------
Effect of Exchange Rate Changes on Cash                                       -                    -
                                                                ----------------     ----------------
Net Decrease in Cash                                                   (120,088)            (292,509)
Cash at Beginning of Period                                             464,981              860,548
                                                                ----------------     ----------------
Cash at End of Period                                                 $ 344,893            $ 568,039

</TABLE>

The accompanying  "Notes to Consolidated  Financial  Statements" are an integral
part of these consolidated financial statements
                                       5
<page>

                            COMTEX NEWS NETWORK, INC.
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
                                 March 31, 2004

1.       Basis of Presentation

     The accompanying interim  consolidated  financial statements of Comtex News
Network,  Inc.  (the  "Company"  or "Comtex")  and its wholly owned  subsidiary,
nFactory Comtex, S.L. (inactive as of December 31 2002), are unaudited. However,
in the opinion of management,  they reflect all adjustments,  consisting only of
normal recurring accruals, necessary for a fair presentation of results for such
periods.  The results of operations for any interim  period are not  necessarily
indicative of results for the full year.  The balance sheet at June 30, 2003 has
been derived from the audited  financial  statements at that date,  but does not
include all of the information and footnotes  required by accounting  principles
generally accepted in the United States for complete financial statements. These
financial statements should be read in conjunction with the financial statements
and notes thereto  included in the Company's  Annual Report on Form 10-K for the
fiscal year ended June 30, 2003 ("2003 Form 10-K"), as filed with the Securities
and Exchange Commission on September 25, 2003.

     In December 2002,  the FASB issued SFAS No. 148 (SFAS 148),  Accounting for
Stock-Based  Compensation-Transition  and Disclosure,  which amends SFAS No. 123
(SFAS  123),   Accounting  for  Stock-Based   Compensation.   SFAS 148  provides
alternative methods of transition for a voluntary change to the fair value-based
method of  accounting  for  stock-based  employee  compensation  and  amends the
disclosure requirements  of SFAS -123 to require  disclosures in both the annual
and interim financial  statements about the method of accounting for stock-based
employee  compensation and the effect of the method used on reported results. In
contrast,  the Company will  continue to account for its  employee  stock option
plans in accordance with APB 25 and related interpretations, which results in no
charge to  earnings  when  options are issued at fair  market  value.  As of the
quarter ended March 31, 2003,  the Company has adopted the  disclosure  rules of
SFAS No. 148 and does not expect that this statement will have a material impact
on its financial statements.

     Had the Company determined compensation cost based on the fair value at the
grant date for its stock  options under SFAS 123, the Company's net loss and net
loss per share would have increased to the pro forma amounts below:

<TABLE>
<CAPTION>


                                                           Three Months Ended                    Nine Months Ended
                                                               March 31,                             March 31,
                                                         2004              2003               2004               2003
                                                    ---------------    --------------    ----------------    --------------
<S>                                               <C>                    <C>              <C>                <C>
Net Loss, as reported                               $     (67,661)     $  (134,697)      $ (1,355,036)       $  (219,905)
Deduct:  Total stock-based employee compensation
expense determined under fair-value-based method
for all awards, net of related tax effects
                                                           86,152          136,543            292,072            450,271
                                                    ---------------    --------------    ----------------    --------------
Pro Forma Net Loss                                  $    (153,813)     $  (271,240)      $ (1,647,108)       $ ( 670,176)
                                                    ===============    ==============    ================    ==============

Basic and Diluted Loss Per Share, as reported       $       (0.00)     $     (0.01)      $      (0.10)       $     (0.02)
Basic and Diluted Loss Per Share, pro forma         $       (0.01)     $     (0.02)      $      (0.12)       $     (0.05)
</TABLE>

                                       6

<PAGE>

     The per share  weighted-average fair value of stock options granted for the
three and nine-month  periods ended March 31, 2004 and 2003 was $0.19 and $0.25,
and $0.16 and $0.15 respectively,  on the grant date with the following weighted
average assumptions:
<TABLE>
<CAPTION>
                                       Three Months Ended                            Nine Months Ended
                                            March 31,                                    March 31,
                                    2004                 2003                   2004                  2003
                              ------------------    ----------------       ----------------     -----------------
<S>                                  <C>                  <C>                    <C>                   <C>
  Expected dividend yield            0%                   0%                     0%                    0%
  Risk-free interest rate       3.80% - 4.36%        3.25% - 4.82%          3.56% - 4.50%        3.25% - 4.82%
  Expected life (in years)           10                    5                     10                    5
  Volatility                        1.50              1.10 - 1.23               1.50              1.10 - 1.23
</TABLE>

     The Company accounts for non-employee stock-based awards, in which goods or
services are the consideration received for the equity instruments issued, based
on the fair value of the equity  instruments  issued in accordance with the EITF
96-18, Accounting For Equity Instruments That Are Issued To Other Than Employees
For Acquiring, or in Conjunction With Selling Goods or Services.

     Loss per share is presented in accordance  with the  provisions of SFAS No.
128,  "Earnings Per Share" ("EPS").  Basic EPS excludes dilution for potentially
dilutive  securities  and is  computed by dividing  losses  available  to common
shareholders by the weighted average number of common shares outstanding for the
period.   Diluted  EPS  reflects  the  potential  dilution  that could  occur if
securities or other  contracts to issue common stock were exercised or converted
into common  stock and resulted in the  issuance of common  stock.   Diluted net
loss  per  share is equal to basic  net loss per  share  since  all  potentially
dilutive  securities are  anti-dilutive for each of the periods presented with a
net loss.

     Certain  amounts for the three and nine months ended March 31, 2003, and as
of June 30, 2003, have been  reclassified  to conform to the  presentation as of
and for the three and nine months ended March 31, 2004.

2.       Income Taxes

     The Company  accounts for income  taxes in  accordance  with SFAS  No. 109,
Accounting for Income Taxes.  Under this method,  deferred tax  liabilities  and
assets are determined  based on the difference  between the financial  statement
and tax bases of assets and  liabilities  using the  enacted tax rates in effect
for the year in which the  differences  are  expected to reverse.  Deferred  tax
assets are reduced by a  valuation  allowance  when the Company  cannot make the
determination  that it is more likely  than not that some  portion or all of the
related tax asset will be realized.

3.       Commitments and Contingencies

     In July 2003, the Company commenced  negotiations with its former landlord,
Plaza I-A  Associates  ("Plaza I-A")  regarding the proposed  termination of the
lease  obligation at 4900 Seminary Road,  Alexandria,  Virginia.  As part of the
negotiations,  on  September  3, 2003,  Plaza I-A filed a lawsuit in  Alexandria

                                       7
<page>
General District Court in the Commonwealth of Virginia for approximately $92,000
in unpaid rent and late fees through September 30, 2003.

     On  December  9, 2003,  the  Company  and Plaza I-A  executed a  settlement
agreement  terminating  the subject lease and the above lawsuit was dismissed on
or about  December  17,  2003.  The total  remaining  liability on the lease was
approximately  $2.6 million prior to the settlement  agreement.  Pursuant to the
terms of the  settlement  agreement,  the  Company  paid rent and legal  fees of
approximately  $147,000 and entered  into a four-year  note payable to Plaza I-A
for $360,000.  Settlement expense with Plaza I-A for the nine months ended March
31, 2004  includes the $360,000  expense for the four-year  note,  approximately
$143,000 in  commissions  and legal fees,  as well as an expense  related to the
forfeiture of the Company's security deposit in the face amount of approximately
$62,000,   partially  offset  by  the  recovery  of  deferred  rent  expense  of
approximately $87,000.

     On April 15, 2004, the Company's  former  Chairman/CEO  and President,  who
both resigned on February 5, 2004,  filed a demand for  arbitration  against the
Company related to the terms of their employment agreements.  The demand alleges
a breach of the  employment  agreements  and requests  payment of  approximately
$129,000 to the former employees. The Company denies the allegations and intends
to vigorously defend this action.

     The Company is also involved in routine legal proceedings  occurring in the
ordinary  course of business,  which in the aggregate are believed by management
to not be material to our financial condition.

4.       Notes Payable

     In December 2003, in connection with the lease termination  discussed above
(see  "Commitments  and  Contingencies"),  the Company executed a four-year note
payable in the amount of $360,000 to Plaza I-A, effective November 1, 2003, with
interest  payable monthly at 4% per annum and principal  payments of $10,000 per
month,  beginning  January  1,  2005.  The note is secured by a letter of credit
provided by Silicon Valley Bank (the "Bank"). The letter of credit is secured by
the Company's $360,000 certificate of deposit held by the Bank.

     Also in December  2003,  the Company  entered  into an Accounts  Receivable
Purchase Agreement with the Bank (the "Financing Agreement"), which provides for
a revolving line of credit of up to $1 million  collateralized  by the Company's
accounts receivable.  At March 31, 2004,  approximately  $164,000 was due to the
Bank related to advances under the Financing Agreement.

     On December 9, 2003,  the Company  executed an  amendment  to the  Amended,
Consolidated  and Restated 10% Senior  Subordinated  Secured Note (the  "Amended
Note"), payable to Amasys Corporation  ("Amasys"),  an affiliated company, (said
amendment the "Third  Amendment") for the purpose of reducing the price at which
the Amended Note may be converted into common stock of the Company.  Pursuant to
the Third  Amendment,  Amasys agreed to subordinate the Amended Note to both the
Company's note payable to its former landlord and to the Financing Agreement. In
consideration for these subordination  agreements,  the Company agreed to reduce
the conversion price  stipulated in the Amended Note from the  previously-stated
conversion  price of $1.20 per share to $0.75 per share,  and to  increase  this
                                       8
<page>
conversion price by $0.05 every one hundred and eighty (180) days thereafter. At
the date of the  transaction  the  conversion  price of the Amended  Note was in
excess  of the  stock  price.  As of March  31,  2004,  the  Amended  Note had a
principal balance of $856,954.

Item 2.
                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS

     The  following  discussion  of  our  financial  condition  and  results  of
operations  should  be read  in  conjunction  with  the  consolidated  financial
statements  and the related notes  included  elsewhere in this Form 10-Q and the
consolidated financial statements and related notes and Management's  Discussion
and Analysis of Financial  Condition and Results of  Operations  included in our
annual  report on Form 10-K for the year ended June 30, 2003,  as filed with the
Securities and Exchange Commission on September 25, 2003. Historical results and
percentage  relationships  among  any  amounts  in  the  Consolidated  Financial
Statements are not intended to be indicative of trends in operating  results for
any future period.

Forward-looking Statements

     This Form 10-Q contains  forward-looking  statements  within the meaning of
Section 27A of the  Securities  Act of 1933, as amended,  and Section 21E of the
Securities  Exchange Act of 1934, as amended.  These statements are subject to a
variety of risks and uncertainties,  many of which are beyond our control, which
could cause actual results to differ materially from those contemplated in these
forward-looking  statements. In particular,  the risks and uncertainties include
those  described  in our annual  report on Form 10-K for the year ended June 30,
2003 and in other periodic  Securities and Exchange  Commission  filings.  These
risks and uncertainties  include,  among other things,  the consolidation of the
Internet news market; competition within our markets; the financial stability of
our  customers;   maintaining  a  secure  and  reliable  news-delivery  network;
maintaining  relationships with key content providers;  attracting and retaining
key personnel; the volatility of our common stock price; successful marketing of
our  services  to  current  and new  customers;  and  maintenance  of  effective
operating expense controls.

     Existing  and  prospective  investors  are  cautioned  not to  place  undue
reliance on these  forward-looking  statements,  which speak only as of the date
hereof. We undertake no obligation to update or revise the information contained
in this Form 10-Q,  whether  as a result of new  information,  future  events or
circumstances or otherwise.

RESULTS OF OPERATIONS

Comparison  of the three months ended March 31, 2004,  to the three months ended
March 31, 2003

     During the three months ended March 31, 2004, we incurred an operating loss
of  approximately  $26,000,  compared  to an  operating  loss  of  approximately
                                       9
<page>

$107,000 during the three months ended March 31, 2003. We reported a net loss of
approximately  $68,000 during the three months ended March 31, 2004, compared to
a net loss of approximately  $135,000 for the three months ended March 31, 2003.
As discussed  below, the decreases in operating and net losses are due primarily
to  decreases  in total  operating  expenses,  partially  offset by decreases in
revenues and gross profit.

     Revenues consist  primarily of royalty revenues and fees from the licensing
of content products to information  distributors.  During the three months ended
March 31, 2004, total revenues were approximately  $1,962,000,  or approximately
$325,000 (14%) less than the total revenues for the three months ended March 31,
2003.  The  decline  in  revenues  is due to a loss of  clients  as a result  of
business closures,  primarily in the Internet and personal investor markets, and
business  consolidations,  as well as  reductions  in our  distributor  clients'
royalties due to a decline in their revenues.

     Our  cost of  revenues  consists  primarily  of  content  license  fees and
royalties to information providers, depreciation and amortization expense on our
production  software,  and data  communication  costs  for the  delivery  of our
products to customers. The cost of revenues for the three months ended March 31,
2004 was approximately  $847,000, or approximately  $130,000 (13%) less than the
cost of revenues for the three months ended March 31, 2003. The decrease in cost
is due to a decrease in content royalties of approximately $96,000, based on our
decreased  revenues for the period and negotiated  reductions in license fees to
information providers; a decrease of approximately $37,000 in data communication
costs to receive and distribute content; and a decrease of approximately $17,000
in  depreciation  and  amortization  expense based on the write-off of a product
offering  during  fiscal  year  2003;   partially   offset  by  an  increase  of
approximately  $20,000 in expenses related to an offsite,  hosted data facility.
The decrease in content royalties is limited by minimum fees required to be paid
to certain  information  providers  and  therefore  does not directly  track the
decrease in gross revenues.

     Gross profit for the three  months  ended March 31, 2004 was  approximately
$1,115,000,  or approximately  $195,000 (15%) less than the gross profit for the
same period in the prior year due to the decline in revenues and a corresponding
decline  in content  royalties.  Gross  profit as a  percentage  of revenue  was
approximately  57% for both the three  months ended March 31, 2004 and March 31,
2003.

     Total  operating  expenses  for the three  months ended March 31, 2004 were
approximately $1,140,000, representing an approximate $277,000 (20%) decrease in
operating  expenses from the three months ended March 31, 2003. This decrease in
expenses  resulted from decreases in sales and marketing  expenses,  general and
administrative  expenses,  and  depreciation and  amortization  expenses.  These
decreases  were  partially  offset by  increases  in  technical  operations  and
support,  settlement  expenses  related  to a lease  termination  with a  former
landlord, and stock-based compensation expenses.

     Technical  operations  and support  expenses  during the three months ended
March 31,  2004  increased  approximately  $24,000  (5%) from the level of these
expenses in the three  months  ended March 31,  2003.  The increase is primarily
related  to  fees  for  consultants  providing  technical  management,   systems
administration, and programming services during the period, which were partially
offset  by  decreases  in  compensation   related  to  reductions  in  technical
operations and support personnel.

                                       10
<page>

     Sales and marketing expenses  decreased by approximately  $43,000 (20%) for
the three months ended March 31, 2004,  compared to the three months ended March
31,  2003.  The  decrease  is the  result of  decreases  in sales and  marketing
personnel  and related  expenses  compared to the same  quarter in the  previous
year.

     General and  administrative  expenses  for the three months ended March 31,
2004 decreased  approximately  $198,000 (37%) compared to these expenses  during
the three  months  ended March 31,  2003.  The  decrease in expenses  related to
decreases in general and administrative  personnel and related expenses, as well
as a decrease in rent expense as a result of a reduction in leased office space.
During the quarter  ended  December  31,  2003,  the Company  reduced its leased
office  space from one  location  of  approximately  17,000  square  feet to two
locations totaling approximately 5,000 square feet, thereby reducing its monthly
expense for leased  office space to  approximately  $11,000  from  approximately
$40,000.

     The settlement with former landlord,  Plaza I-A, related to the termination
of  an  approximate  $2.6  million  remaining  liability  on  our  office  lease
(including back rent and future lease  obligations)  completed in December 2003.
The  additional  $15,000  recorded  during the three months ended March 31, 2004
related to an additional commission fee negotiated during the quarter.

     Stock-based  compensation  of $16,000 for the three  months ended March 31,
2004,  related to the vesting of warrants  granted to a consultant  in September
2003. There were no such expenses in the three months ended March 31, 2003.

     Depreciation and amortization  expense for the three months ended March 31,
2004 was  approximately  $91,000  (48%) lower than the  expense  during the same
period in the prior  year.  The  decrease  was due to the  disposal of two asset
groups that were  determined to be impaired in the fourth  quarter of the fiscal
year ended  June 30,  2003,  as well as the  disposal  of assets  related to the
office move and the move of our data center to an offsite, hosted facility.

     Other  expense,  net of other income,  for the three months ended March 31,
2004 increased approximately $14,000, or 53%, compared to the three months ended
March 31, 2003.  The increase was  primarily  due to interest  expense on a bank
financing  agreement  and the note  payable to our former  landlord,  as well as
losses on the disposal of assets.

Comparison  of the nine months  ended  March 31,  2004 to the nine months  ended
March 31, 2003

     During the nine months ended March 31, 2004, we incurred an operating  loss
of  approximately  $1,263,000,  compared to an operating  loss of  approximately
$122,000  during the nine months ended March 31, 2003. We reported a net loss of
approximately  $1,355,000 during the nine months ended March 31, 2004,  compared
to a net loss of  approximately  $220,000  for the nine  months  ended March 31,
2003. As discussed below, the increases in both operating and net losses are due
primarily to the  settlement  of the  liability on an operating  lease,  loss on
disposal of assets related to office and data center moves, an increase in legal
fees, and a decrease in revenues and gross profit margins,  all partially offset
by decreased operating expenses.

                                       11
<page>

     Revenues consist  primarily of royalty revenues and fees from the licensing
of content  products to information  distributors.  During the nine months ended
March 31, 2004, total revenues were approximately  $6,149,000,  or approximately
$1,000,000  (14%) less than the total  revenues  for the nine months ended March
31,  2003.  The  decline in  revenues is due to a loss of clients as a result of
business closures,  primarily in the Internet and personal investor markets, and
business  consolidations,  as well as  reductions  in our  distributor  clients'
royalties due to a decline in their revenues.

     Our  cost of  revenues  consists  primarily  of  content  license  fees and
royalties to information providers, depreciation and amortization expense on our
production  software,  and data  communication  costs  for the  delivery  of our
products to customers.  The cost of revenues for the nine months ended March 31,
2004 was approximately  $2,694,000, or approximately $255,000 (9%) less than the
cost of revenues for the nine months ended March 31, 2003.  The decrease in cost
is due to a decrease in content  royalties of approximately  $171,000,  based on
our decreased revenues for the period and negotiated  reductions in license fees
to  information   providers;   a  decrease  of  approximately  $71,000  in  data
communication  costs to  receive  and  distribute  content;  and a  decrease  of
approximately  $46,000 in  depreciation  and  amortization  expense based on the
write-off of a product offering during fiscal year 2003;  partially offset by an
increase of approximately $33,000 in expenses related to an offsite, hosted data
facility.  The decrease in content royalties is limited by minimum fees required
to be paid to certain  information  providers  and  therefore  does not directly
track the decrease in gross revenues.

     Gross  profit for the nine months  ended  March 31, 2004 was  approximately
$3,455,000,  or approximately  $745,000 (18%) less than the gross profit for the
same period in the prior year.  Gross profit as a percentage of revenue declined
for  the  nine  months  ended  March  31,  2004,  to   approximately   56%  from
approximately 59% for the nine months ended March 31, 2003. The decline is based
on the  decrease  in  gross  revenues,  accompanied  by a  lesser  corresponding
decrease in content royalties, as discussed above.

     Total  operating  expenses  for the nine  months  ended March 31, 2004 were
approximately $4,718,000,  representing an approximate $396,000 (9%) increase in
operating  expenses from the nine months ended March 31, 2003.  This increase in
expenses  resulted from increases in technical  operations and support expenses,
settlement of expenses  related to a lease  termination  with a former landlord,
the loss on disposal of assets related to the lease termination, and stock-based
compensation.  These  increases were partially  offset by decreases in sales and
marketing   expenses,   general  and   administrative,   and   depreciation  and
amortization.  Excluding  the former  landlord  settlement,  loss on disposal of
assets and legal expense recovery, discussed below, the total operating expenses
for the nine months ended March 31, 2004 decreased  approximately  $777,000,  or
16%, from the total operating expenses for the nine months ended March 31, 2003.

     Technical  operations  and support  expenses  during the nine months  ended
March 31, 2004  increased  approximately  $162,000 (11%) from the level of these
expenses in the nine months ended March 31, 2003. The increase during the period
is primarily related to fees for consultants for providing technical management,
systems  administration,  and programming services to streamline and migrate our
production data center to an offsite,  hosted facility. The increase in expenses
was partially offset by decreases in technical operations and support personnel.

                                       12
<page>

     Sales and marketing expenses decreased by approximately  $338,000 (45%) for
the nine months  ended March 31,  2004,  compared to the nine months ended March
31,  2003.  The  decrease  is the  result of  decreases  in sales and  marketing
personnel  and related  expenses,  compared  to the same period in the  previous
year,  as well as the shutdown of sales  operations  in Spain as of December 31,
2002.

     General and  administrative  expenses  for the nine months  ended March 31,
2004 decreased approximately $88,000 (6%), compared to these expenses during the
nine months ended March 31,  2003.  The decrease in expenses is due to decreases
in general  and  administrative  personnel  and related  expenses,  as well as a
decrease in rent expense as a result of a reduction in leased office space. This
decrease was partially offset by the recovery of accrued contingent  expenses of
approximately  $394,000 related to a favorable litigation settlement in December
2002.  The  recovery of those legal fees reduced the expenses in the nine months
ended March 31, 2003 in comparison to the current nine-month  period.  Excluding
this $394,000 recovery,  general and administrative expenses for the nine months
ended March 31, 2004 decreased by  approximately  $482,000 (25%) compared to the
nine months ended March 31,  2003.  During the nine months ended March 31, 2004,
the Company  reduced its leased office space from one location of  approximately
17,000 square feet to two locations  totaling  approximately  5,000 square feet,
thereby  reducing its monthly  expense for leased office space to  approximately
$11,000 from approximately $40,000.

     The settlement with former landlord,  Plaza I-A, related to the termination
of  an  approximate  $2.6  million  remaining  liability  on  our  office  lease
(including back rent and future lease obligations)  during the nine months ended
March 31, 2004. This settlement  expense included  $360,000 for a four-year note
payable,  approximately  $143,000 in  commissions  and legal fees, as well as an
expense related to the forfeiture of the Company's  security deposit in the face
amount of  approximately  $62,000,  partially offset by the reversal of deferred
rent expense of approximately $87,000.

     In conjunction  with the termination of the office lease  discussed  above,
the Company moved its offices and data center. The loss on disposal of assets of
approximately $300,000,  resulted from the sale of excess furniture and computer
equipment, partially offset by the proceeds from the sale.

     Stock-based    compensation   of   approximately   $68,000   consisted   of
approximately  $20,000 due to the  conversion of an incentive  stock option to a
non-qualified stock option to a member of the Board of Directors and $48,000 for
the vesting of warrants  granted to a  consultant  during the nine months  ended
March 31, 2004.  The grant of a  non-qualified  stock option to a consultant  in
December 2002  resulted in  stock-based  compensation  of  approximately  $2,000
during the nine months ended March 31, 2003.

     Depreciation and  amortization  expense for the nine months ended March 31,
2004 was  approximately  $186,000  (33%) lower than the expense during the prior
year period.  The decrease was due to the disposal of two asset groups that were
determined  to be impaired  in the fourth  quarter of the fiscal year ended June
30, 2003,  as well as the disposal of assets  related to the office move and the
move of our data center to an offsite, hosted facility.

                                       13
<page>

     Other  expense,  net of other  income,  for the nine months ended March 31,
2004 decreased  approximately  $6,000,  or 6%, compared to the nine months ended
March 31, 2003.  The decrease was  primarily  due to the disposal of our Spanish
subsidiary  in  December  2002,  partially  offset by the  increase  in interest
expense on the bank financing agreement during the current nine-month period.


FINANCIAL CONDITION, LIQUIDITY AND CAPITAL RESOURCES

     For the nine months ended March 31, 2004, we incurred an operating  loss of
approximately  $1,263,000 and a net loss of approximately  $1,355,000.  At March
31, 2004, we had a working capital deficit of approximately  $782,000,  compared
with a working  capital deficit of  approximately  $399,000 at June 30, 2003. We
had a net stockholders'  deficiency of approximately $467,000 at March 31, 2004,
compared to net stockholders' equity at June 30, 2003 of approximately $786,000.
The decrease in  stockholders'  equity is primarily due to the net loss incurred
during the nine months ended March 31, 2004, partially offset by the exercise of
stock options and stock-based compensation.

     We had cash of  approximately  $345,000  at March  31,  2004,  compared  to
approximately  $465,000 at June 30,  2003.  For the nine months  ended March 31,
2004, operating activities generated  approximately  $117,000 in cash. Investing
activities  included capital  expenditures of  approximately  $83,000 during the
nine months ended March 31, 2004,  primarily for the migration of our production
data center to an offsite,  hosted  facility,  and the receipt of  approximately
$54,000  in  proceeds  from the  sale of fixed  assets.  Further,  we  deposited
$360,000 in a certificate  of deposit to secure a letter of credit from the Bank
(see "Notes Payable" in the Notes to Consolidated Financial Statements,  above).
Financing activities generated  approximately $152,000 in cash from the exercise
of stock  options  and  funding  from the Bank  under the  Financing  Agreement,
entered into in December 2003 (see "Notes  Payable" in the Notes to Consolidated
Financial  Statements,  above),  partially  offset by  payments  made on capital
leases.

     The Company's  future  contractual  obligations and commitments as of March
31, 2004 were as follows:

<TABLE>
<CAPTION>
                                                        Amounts Due by Period:
                                                                                             2008 and
                                2004            2005           2006           2007          thereafter
                            -------------- --------------- -------------- -------------- ------------------
<S>                               <C>             <C>            <C>            <C>                <C>
Operating Leases                  $34,282         $98,380        $80,731        $23,865            $     -
Capital Leases                     21,222          45,037         20,219          5,055                  -
Note Payable, Affiliate                 -               -              -              -            856,954
Note Payable, Other                     -          60,000        120,000        120,000             60,000
                            -------------- --------------- -------------- -------------- ------------------
          Total                   $55,504        $203,417       $220,950       $148,920          $ 916,954
</TABLE>

     Currently  we are  dependent on our cash  reserves and accounts  receivable
financing  through the Bank to fund  operations.  We incurred net losses for the
nine months ended March 31, 2004, and the years ended June 30, 2003 and 2002 and
our revenue base has declined  and  continues to decline.  Assuming no immediate
increase in revenue or an  infusion of capital,  the Company is at risk of being
unable to generate  sufficient  liquidity to meet its  obligations.  The Company
utilized and continues to utilize its Financing  Agreement to meet its liquidity
                                       14
<page>

needs.  Further corporate  consolidation or market  deterioration  affecting our
customers  could impair our ability to generate such revenues.  No assurance may
be given that we will be able to  maintain  the revenue  base or the  profitable
operations that may be necessary to achieve our liquidity needs.

     EBITDA, as defined below, was  approximately  $187,000 for the three months
ended March 31, 2004, compared to EBITDA of approximately $196,000 for the three
months ended March 31, 2003. EBITDA for the nine months ended March 31, 2004 was
a loss of approximately  $516,000  compared to EBITDA of approximately  $790,000
for the  nine  months  ended  March  31,  2003.  The  decrease  for the  current
nine-month  period is primarily the result of the  negotiated  termination of an
operating lease.

     The table below shows the reconciliation between net loss and EBITDA.
<TABLE>
<CAPTION>

                                                     Three Months                      Nine Months
                                                   Ended March 31,                   Ended March 31,
                                                2004              2003            2004            2003
Reconciliation to EBITDA:                       (amounts in thousands)           (amounts in thousands)
                                          -------------------------------------------------------------------
                                          -------------------------------------------------------------------
<S>                                           <C>            <C>                 <C>             <C>
  Net Loss                                    ($   68)       ($   135)           ($  1,355)      ($    220)

 Stock-based Compensation                          16               -                   68               2
 Depreciation and Amortization                    197             304                  679             911
 Interest/Other Expense                            42              27                   92              97
 Income Taxes                                       -               -                    -               -
                                           ----------------- ---------------- --------------- ---------------
 EBITDA                                        $  187          $  196            ($    516)       $    790
</TABLE>

     EBITDA  consists of earnings before  interest  expense,  interest and other
income, income taxes,  depreciation and amortization.  EBITDA does not represent
funds  available  for  management's  discretionary  use and is not  intended  to
represent  cash flow from  operations.  EBITDA should also not be construed as a
substitute for operating  income or a better measure of liquidity than cash flow
from operating  activities,  which are  determined in accordance  with generally
accepted accounting principles.  EBITDA excludes components that are significant
in  understanding  and assessing our results of  operations  and cash flows.  In
addition,  EBITDA  is  not a  term  defined  by  generally  accepted  accounting
principles,  and as a result,  our measure of EBITDA might not be  comparable to
similarly titled measures used by other companies.

     However, we believe that EBITDA is relevant and useful  information,  which
is often  reported and widely used by analysts,  investors and other  interested
parties in our industry.  Accordingly,  we are  disclosing  this  information to
permit  a more  comprehensive  analysis  of  our  operating  performance,  as an
additional  meaningful  measure of  performance  and  liquidity,  and to provide
additional  information with respect to our ability to meet future debt service,
capital expenditure and working capital requirements.  See the audited financial
statements  and  notes  thereto  contained  elsewhere  in this  report  for more
detailed information.

                                       15
<page>

Item 3.

        QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK

                  None.


Item 4.

        CONTROLS AND PROCEDURES

     The Company's  Chief  Executive  Officer and Chief  Financial  Officer have
concluded,  based on their evaluation within 90 days prior to the filing date of
this report,  that the Company's  disclosure controls and procedures (as defined
in  Securities  Exchange Act Rules  13a-14(c)  and  15d-14(c))  are effective to
ensure that information required to be disclosed in the reports that the Company
files  or  submits  under  the  Securities  Exchange  Act of 1934  is  recorded,
processed,  summarized  and reported  within the time  periods  specified in the
Securities  and  Exchange  Commission's  rules  and  forms.  There  have been no
significant  changes in the Company's internal controls or in other factors that
could  significantly  affect  these  controls  subsequent  to  the  date  of the
foregoing evaluation.

Part II.  Other Information

 Item 1.  Legal Proceedings

     In July 2003, the Company commenced  negotiations with its former landlord,
Plaza I-A  Associates  ("Plaza I-A")  regarding the proposed  termination of the
lease  obligation at 4900 Seminary Road,  Alexandria,  Virginia.  As part of the
negotiations,  on  September  3, 2003,  Plaza I-A filed a lawsuit in  Alexandria
General District Court in the Commonwealth of Virginia for approximately $92,000
in unpaid rent and late fees through September 30, 2003.

     On  December  9, 2003,  the  Company  and Plaza I-A  executed a  settlement
agreement  terminating  the subject lease and the above lawsuit was dismissed on
or about  December  17,  2003.  The total  remaining  liability on the lease was
approximately  $2.6 million prior to the settlement  agreement.  Pursuant to the
terms of the  settlement  agreement,  the  Company  paid rent and legal  fees of
approximately  $147,000 and entered  into a four-year  note payable to Plaza I-A
for $360,000.  Settlement expense with Plaza I-A for the nine months ended March
31, 2004  includes the $360,000  expense for the four-year  note,  approximately
$143,000 in  commissions  and legal fees,  as well as an expense  related to the
forfeiture of the Company's security deposit in the face amount of approximately
$62,000,   partially  offset  by  the  recovery  of  deferred  rent  expense  of
approximately $87,000.

     On April 15, 2004, the Company's  former  Chairman/CEO  and President,  who
both resigned on February 5, 2004,  filed a demand for  arbitration  against the
Company related to the terms of their employment agreements.  The demand alleges

                                       16
<page>
a breach of the  employment  agreements  and requests  payment of  approximately
$129,000 to the former employees. The Company denies the allegations and intends
to vigorously defend this action.

     The Company is also involved in routine legal proceedings  occurring in the
ordinary  course of business,  which in the aggregate are believed by management
to be immaterial to our financial condition.

 Item 2.  Changes in 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 and Reports on Form 8-K.

(a)      Exhibits

31.1 Certification  of Chief  Executive  Officer  pursuant to Section 302 of the
     Sarbanes-Oxley Act of 2002.

31.2 Certification  of Chief  Financial  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 Chief  Financial  Officer  pursuant to Section 906 of the
     Sarbanes-Oxley Act of 2002.


(b)      Reports on Form 8-K

                  None.

                                       17
<page>
                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

                                             COMTEX NEWS NETWORK, INC.
                                                  (Registrant)


     Dated:  May 17, 2004       By:      /S/   C.W. GILLULY
                                         C.W. Gilluly, Ed.D.
                                         Chairman and Interim Chief Executive
                                         Officer
                                         (Principal Executive Officer)

                                 By:      /S/   MATTHEW BALL
                                           Matthew Ball
                                           Chief Financial Officer
                                           (Principal Financial and Accounting
                                            Officer)

                                       18

<page>
                                                                  Exhibit 31.1

                    Certification of Chief Executive Officer
            Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, C.W. Gilluly, President and Chief Executive Officer, certify that:

1.   I have reviewed this quarterly  report on Form 10-Q of Comtex News Network,
     Inc.;

2.   Based on my knowledge, this report does not contain any untrue statement of
     a material  fact or omit to state a  material  fact  necessary  to make the
     statements made, in light of the circumstances  under which such statements
     were made,  not  misleading  with  respect  to the  period  covered by this
     report;

3.   Based on my  knowledge,  the  financial  statements,  and  other  financial
     information  included  in  this  report,  fairly  present  in all  material
     respects the financial  condition,  results of operations and cash flows of
     the registrant as of, and for, the periods presented in this report;

4.   The  registrant's  other  certifying  officer  and  I are  responsible  for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have:

     (a)  Designed  such  disclosure  controls  and  procedures,  or caused such
          disclosure   controls  and   procedures  to  be  designed   under  our
          supervision,  to ensure  that  material  information  relating  to the
          registrant,  including its consolidated subsidiaries, is made known to
          us by others within those entities,  particularly during the period in
          which this report is being prepared;

     (b)  Evaluated the  effectiveness of the registrant's  disclosure  controls
          and procedures and presented in this report our conclusions  about the
          effectiveness of the disclosure controls and procedures, as of the end
          of the period covered by this report based on such evaluation; and

     (c)  Disclosed  in this  report  any  change in the  registrant's  internal
          control over financial reporting that occurred during the registrant's
          most  recent  fiscal  quarter  that  has  materially  affected,  or is
          reasonably  likely to materially  affect,  the  registrant's  internal
          control over financial reporting; and

5.   The registrant's  other certifying  officer and I have disclosed,  based on
     our most recent evaluation of internal control over financial reporting, to
     the registrant's auditors and the audit committee of the registrant's board
     of directors (or persons performing the equivalent functions):

     (a)  All significant  deficiencies and material weaknesses in the design or
          operation of internal  controls  over  financial  reporting  which are
          reasonably  likely to  adversely  affect the  registrant's  ability to
          record, process, summarize and report financial information; and

     (b)  Any fraud, whether or not material,  that involves management or other
          employees who have a  significant  role in the  registrant's  internal
          controls over financial reporting.


May 17, 2004                               /s/ C.W. Gilluly, Ed.D.
                                           ----------------------------------
                                           C.W. Gilluly, Ed.D.
                                           President and Chief Executive Officer


<PAGE>




                                                                   Exhibit 31.2
                    Certification of Chief Financial Officer
            Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, Matthew Ball, Chief Financial Officer, certify that:

1.   I have reviewed this quarterly  report on Form 10-Q of Comtex News Network,
     Inc.;

2.   Based on my knowledge, this report does not contain any untrue statement of
     a material  fact or omit to state a  material  fact  necessary  to make the
     statements made, in light of the circumstances  under which such statements
     were made,  not  misleading  with  respect  to the  period  covered by this
     report;

3.   Based on my  knowledge,  the  financial  statements,  and  other  financial
     information  included  in  this  report,  fairly  present  in all  material
     respects the financial  condition,  results of operations and cash flows of
     the registrant as of, and for, the periods presented in this report;

4.   The  registrant's  other  certifying  officer  and  I are  responsible  for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have:

     (a)  Designed  such  disclosure  controls  and  procedures,  or caused such
          disclosure   controls  and   procedures  to  be  designed   under  our
          supervision,  to ensure  that  material  information  relating  to the
          registrant,  including its consolidated subsidiaries, is made known to
          us by others within those entities,  particularly during the period in
          which this report is being prepared;

     (b)  Evaluated the  effectiveness of the registrant's  disclosure  controls
          and procedures and presented in this report our conclusions  about the
          effectiveness of the disclosure controls and procedures, as of the end
          of the period covered by this report based on such evaluation; and

     (c)  Disclosed  in this  report  any  change in the  registrant's  internal
          control over financial reporting that occurred during the registrant's
          most  recent  fiscal  quarter  that  has  materially  affected,  or is
          reasonably  likely to materially  affect,  the  registrant's  internal
          control over financial reporting; and

5.   The registrant's  other certifying  officer and I have disclosed,  based on
     our most recent evaluation of internal control over financial reporting, to
     the registrant's auditors and the audit committee of the registrant's board
     of directors (or persons performing the equivalent functions):

     (a)  All significant  deficiencies and material weaknesses in the design or
          operation of internal  controls  over  financial  reporting  which are
          reasonably  likely to  adversely  affect the  registrant's  ability to
          record, process, summarize and report financial information; and

     (b)  Any fraud, whether or not material,  that involves management or other
          employees who have a  significant  role in the  registrant's  internal
          controls over financial reporting.



May 17, 2004                                         /s/Matthew Ball
                                                     ---------------------------
                                                     Matthew Ball
                                                     Chief Financial Officer

<PAGE>




                                                                    Exhibit 32.1

                    Certification of Chief Executive Officer
            Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

C.W.  Gilluly,  Chief  Executive  Officer  of Comtex  News  Network,  Inc.  (the
"Company")  certifies  in his  capacity as an officer of the Company that he has
reviewed the Report of the Company on Form 10-Q for the quarter  ended March 31,
2004 and that to the best of his or her knowledge:

     1.   the report fully complies with the  requirements of Sections 13(a) and
          15(d) of the Securities Exchange Act of 1934; and

     2.   the  information  contained  in the  report  fairly  presents,  in all
          material respects,  the financial  condition and results of operations
          of the Company.

The purpose of this  statement  is solely to comply  with Title 18,  Chapter 63,
Section  1350 of the United  States  code,  as  amended  by  Section  906 of the
Sarbanes-Oxley Act of 2002.

A signed  original of this  written  statement  required by Section 906 has been
provided to the Company and will be retained by the Company and furnished to the
Securities and Exchange Commission or it staff upon request.



May 17, 2004                         /s/ C.W. Gilluly, Ed.D
                                     -------------------------------------------
                                     C.W. Gilluly, Ed.D.
                                     Chief Executive Officer



<PAGE>


                                                                    Exhibit 32.2


                    Certification of Chief Financial Officer
            Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

Matthew  Ball,  Chief  Financial  Officer  of Comtex  News  Network,  Inc.  (the
"Company")  certifies  in his  capacity as an officer of the Company that he has
reviewed the Report of the Company on Form 10-Q for quarter ended March 31, 2004
and that to the best of his or her knowledge:

     1.   the report fully complies with the  requirements of Sections 13(a) and
          15(d) of the Securities Exchange Act of 1934; and

     2.   the  information  contained  in the  report  fairly  presents,  in all
          material respects,  the financial  condition and results of operations
          of the Company.

The purpose of this  statement  is solely to comply  with Title 18,  Chapter 63,
Section  1350 of the United  States  code,  as  amended  by  Section  906 of the
Sarbanes-Oxley Act of 2002.

A signed  original of this  written  statement  required by Section 906 has been
provided to the Company and will be retained by the Company and furnished to the
Securities and Exchange Commission or it staff upon request.



May 17, 2004                                         /s/ Matthew Ball
                                                     ---------------------------
                                                     Matthew Ball
                                                     Principal Finance Officer
                                                     (Chief Financial Officer)