Marketwire Extends Long-Standing Leadership in XBRL and Technological Expertise

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Algemeen advies 18/06/2007 13:50
IT Project Manager and Chair of XBRL Canada Communications Group Furthers Rivet Partnership, Solidifies Technological Expertise at XBRL International Conference in Germany
WHISTLER, BC -- (MARKET WIRE) -- June 18, 2007 -- CIRI INVESTOR RELATIONS CONFERENCE -- Marketwire, a full-service newswire and communications workflow solutions provider, extends its long-standing technological leadership, having participated in the 15th International XBRL Conference recently held in Munich, Germany, joining more than 400 executives from more than 30 countries around the world to further the global adoption of interactive data solutions such as XBRL. Marketwire IT Project Manager Karl Oanes, acting chair of XBRL Canada's Marcomm Working Group, responsible for gaining widespread support for XBRL (eXtensible Business Reporting Language), was instrumental in establishing Marketwire's leadership in the XBRL space as evidenced by a partnership he helped forge last September between Marketwire and RivetĀ® Software, a leader in interactive business software, which extends the benefits of XBRL to Marketwire customers.

As the first and only fully integrated North America based newswire, Marketwire continues to serve the global needs of its clients. As a dominant force in the investor relations arena for more than 25 years, and as the communications partner distributing the majority of press releases issued by publicly traded companies in Canada, Marketwire's innovative tools simplify workflow processes while maintaining accuracy and precision throughout.

"Now is the time to uncover the full potential of interactive data at work," said Marketwire IT Project Manager Karl Oanes. "XBRL gives companies new opportunities for extending their investor news, and I strongly encourage organizations to explore what XBRL and all of Marketwire's innovations can do for them. And I look forward to participating in the planning of the next International XBRL Conference scheduled for December 3 to 6 in Vancouver, where clearly Marketwire is the newswire of choice."

XBRL is an XML-based standard to define and exchange business and financial performance information. "The adoption of XBRL will help slash accounting errors by companies," according to U.S. Securities and Exchange Commission Chairman Christopher Cox, and there is a major push for worldwide adoption. Software packages from companies such as Rivet streamline the process of collecting data and creating XBRL documents ready for SEC submission.

"Marketwire fully embraces using technologies to make our clients' workflow easier," said Michael Nowlan, Marketwire president and CEO. "XBRL is just one revolutionary tool we are making available to our clients. That's why we continue to further the partnership we've been enjoying with Rivet Software for the past year, extending beyond a client-vendor agreement and taking advantage of each organization's expertise."

Marketwire currently hosts the XBRL Canada website and has a long-standing reputation of promoting XBRL adoption. In addition to the International XBRL Conference in Munich, Germany, Marketwire was a Gold Sponsor of the Third Annual XBRL Canada Conference, "Better Government Reporting," in Ottawa, Canada in February and will be involved in the 16th International XBRL Conference in Vancouver in December.

XBRL Canada is a not-for-profit consortium of leading Canadian companies and organizations, whose role is to create and maintain XBRL taxonomies based on Canadian reporting standards, to increase the awareness, knowledge and understanding of XBRL and its uses in Canada, and to stimulate and promote the adoption of XBRL in Canada.

About Marketwire

The only fully integrated North America-based global newswire, Marketwire, Inc. is a full-service partner to IR, PR, and MarCom professionals seeking premier distribution, media management, multimedia and monitoring solutions. Marketwire's customer-centric corporate philosophy focuses on being the best by infusing every aspect of its business with the following core attributes: precision, adaptability, innovation, and simplicity.

Marketwire delivers its clients' news to the world's media and financial communities. With a reputation for technological leadership, Marketwire offers innovative products and services -- including Social Media, Search Engine Optimization, Dashboard Mobile Financial, News Dashboard coverage reports, exclusive access to networks such as the Canadian Press Wire Network, Easy IR and Easy PR workflow solutions, and more -- that help communication professionals maximize their effectiveness while ensuring accuracy and best practices. Having merged companies (Market Wire and CCNMatthews) in April 2006, and enjoying a combined history of 25 years of service, Marketwire is now majority-owned by OMERS Capital Partners, the private equity arm of one of Canada's largest pension funds. Operating 12 offices worldwide, Marketwire distributes the majority of press releases issued by publicly traded companies in Canada. For more information, visit us at www.marketwire.com.




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