October 23, 2008
Redesigned EDGAR Online Web Site Spotlights XBRL Solutions for Investors, Analysts, Regulators and Business Executives
NEW YORK Oct. 23 /PRNewswire-FirstCall/ -- EDGAR(R) Online, Inc. announced today that it has completely overhauled and launched a new customer-focused corporate Web site. The site, http://www.edgar-online.com/, was strategically re-crafted to better meet the needs of its current and prospective customers and investors. Newly featured on the site are EDGAR Online's XBRL capabilities, including open access to the Company's own XBRL-formatted financials and links to allow other companies to see their own financials in XBRL.
"We are particularly excited about the addition of our own financials tagged in XBRL to the site - we've done this in advance of the anticipated SEC mandate for public companies to file in XBRL and also post those financials on their own Web sites," said Philip Moyer, CEO, EDGAR Online, Inc. "Our XBRL pages not only give investors, analysts and others immediate access to XBRL-tagged financial information but also showcase just one of the ways we can help companies with their own XBRL. Visitors can also link directly from our new corporate site to TryXBRL.com to view their own XBRL-tagged financial statements and we encourage all public companies to do so and become more educated about how they can get started with XBRL."
The new site includes easier-to-find, expanded and more detailed information about EDGAR Online's products and services. Centrally featured is the Company's unique XBRL expertise, including its capabilities to create, store, disseminate and view XBRL data.
The Company has also made it easier to compare the features and prices of its subscription products and purchase online. Product pages include detailed data sheets, product overviews and free downloadable white papers.
Added Moyer, "As a technology company that interacts heavily with customers and prospects through our Web site, we must ensure that our content is optimally organized so that they can find what they want quickly and easily. As a regular part of our quality review process, we survey users about the effectiveness of our Web site. The enhanced site reflects the feedback from our customers."
About EDGAR Online, Inc.
EDGAR Online, Inc. is a leader in the distribution of company data and public filings for equities, mutual funds and a variety of other publicly traded assets. We deliver our information products directly to end users via online subscriptions and data licenses, and to redistributors who embed our content in their own and their clients' Web sites.
Our proprietary automated systems allow for the rapid conversion of data and we are a pioneer and leader in the global financial reporting standard--eXtensible Business Reporting Language, otherwise known as XBRL. We use our automated processing platform and our expertise in XBRL to produce both datasets and tools and to assist organizations with the creation, management and distribution of XBRL financial reports. For more detailed information on all of our businesses or to contact us please visit our Web site at http://www.edgar-online.com/.
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.
EDGAR(R) is a federally registered trademark of the U.S. Securities and Exchange Commission. EDGAR Online is not affiliated with or approved by the U.S. Securities and Exchange Commission.
Edgar Online, Inc.
CONTACT: David Colgren, Colcomgroup, Inc., +1-917-587-3708,[email protected]
Web Site: http://tryxbrl.com/