EDGAR(R) Online First U.S. Public Company to Concurrently File 10-K and Financials Using Latest XBRL Standard
18 March 2008 - 6:43AM
PR Newswire (US)
NEW YORK, March 17 /PRNewswire-FirstCall/ -- EDGAR(R) Online, Inc.
(NASDAQ:EDGR) announced today that it is the first public company
to simultaneously submit a Form 10-K for year ended December 31,
2007 and XBRL- tagged financial statements to the U.S. Securities
and Exchange Commission (SEC) using the most recent taxonomies, or
XBRL data tags, which were first released by SEC Chairman Cox in
December. The 10-K filing and corresponding XBRL translation of
EDGAR Online's 2007 financials were submitted and accepted by the
SEC EDGAR system today. The company utilized its I-Metrix platform
to convert its financial statements to the latest XBRL standard and
filed the documents with the EDGAR system through partner R.R.
Donnelley & Sons Company (NYSE:RRD), the leading provider for
XBRL services in the U.S. filing market. "As an organization that
is keenly aware of the value that XBRL brings to the capital
markets, we are excited to be able to show how quickly and easily a
company's financial statements can be translated using our platform
and the new taxonomies released by the SEC at the end of last
year," said Philip Moyer, CEO of EDGAR Online. "Of course, our
database of 10 years of XBRL tagged financials for over 12,000
public companies and XBRL filing solution with R.R. Donnelley can
provide the same degree of speed and flexibility for all other SEC
filers regardless of size." Added Moyer, "XBRL isn't a future
technology -- it is here, and we are proud to demonstrate that
companies can reliably provide the transparency that the investing
community seeks without spending hundreds of hours and tens of
thousands of dollars deciphering a new technology standard." About
EDGAR(R) Online, Inc. EDGAR Online, Inc.
(http://www.edgar-online.com/), is a leading provider of value-
added business and financial information on global companies to
financial, corporate and advisory professionals. The company makes
its information and a variety of analysis tools available via
online subscriptions and licensing agreements to a large user base.
EDGAR(R) is a federally registered trademark of the U.S. Securities
and Exchange Commission (SEC). EDGAR Online is not affiliated with
or approved by the U.S. Securities and Exchange Commission. EDGAR
Online is a product of EDGAR Online, Inc. Use of Forward-Looking
Statements This press release may contain "forward-looking
statements" as defined in the U.S. Private Securities Litigation
Reform Act of 1995. Readers are cautioned not to place undue
reliance on these forward-looking statements and any such
forward-looking statements are qualified in their entirety by
reference to the following cautionary statements. All
forward-looking statements speak only as of the date of this press
release and are based on current expectations and involve a number
of assumptions, risks and uncertainties that could cause the actual
results to differ materially from such forward-looking statements.
Readers are strongly encouraged to read the full cautionary
statements contained in EDGAR Online's filings with the SEC. EDGAR
Online disclaims any obligation to update or revise any
forward-looking statements. DATASOURCE: EDGAR(R) Online, Inc.
CONTACT: T. David Colgren of Colcomgroup, Inc., +1-646-536-5103, or
, for EDGAR(R) Online, Inc. Web site: http://www.edgar-online.com/
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