XBRL-Enhanced Balance Sheet. (Photo: Business Wire) XBRL-Enhanced Cash Flow Statement. (Photo: Business Wire)
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EDGAR Online, Inc. is a leading provider of value-added global business and financial information. It uses a proprietary system to convert SEC filings into eXtensible Business Reporting Language (XBRL) data.

"Business Wire is proud to once again take an industry leadership role in promoting greater corporate transparency," said Cathy Baron Tamraz, Business Wire's president, who made the announcement. "All corporate announcements from U.S. and international companies listed on the NYSE, AMEX, NASDAQ and OTCBB that post on BusinessWire.com will include XBRL-enhanced analytical data. The integration of XBRL makes BusinessWire.com an even more valuable resource for the investment community, and creates the opportunity for better informed investment decisions."

Susan Strausberg, EDGAR Online's president and CEO, said, "EDGAR Online is pleased to be working with Business Wire. It is significant that companies like Business Wire recognize the value of providing XBRL fundamental data to customers."

Business Wire will provide 75 data elements from income statements, cash flow statements, and balance sheets, standardized in XBRL. Customers will be able to use the data to conduct cross-industry fundamental, risk and valuation analyses. It will be easy to calculate ratios and company demographic information will be available.

"This is Business Wire's first major XBRL initiative, but certainly not our last," observed Tamraz. "Business Wire prides itself on being at the forefront of technological change, as well as initiatives that advance corporate disclosure. XBRL is unique in that it satisfies both criteria. Business Wire is very much committed to being part of XBRL's anticipated transformation of the financial sector."

As part of its licensing arrangement with EDGAR Online, a Business Wire strategic partner, visitors to BusinessWire.com will be able to access a five-year historical database of annual and quarterly financial statements in standardized formats.

About Business Wire

Business Wire was founded in 1961 by chairman/CEO Lorry I. Lokey, veteran journalist and public relations executive.

The company's multi-channel delivery network, with access to some 60 international and national news agencies, financial information providers and Web-based news services throughout North America, Europe, Asia, Latin America, the Middle East and Africa, provides real-time, simultaneous access to key audiences -- the news media, trade publications, institutional and individual investors, business-to-business decision-makers and consumers.

Business Wire electronically disseminates some 1,000 full-text news releases daily to the media, the Internet, online services and databases, and the global investment community in 150 countries in 45 languages. Business Wire has 25 U.S. offices, Frankfurt, London, Stockholm, Brussels and Sydney offices, and reciprocal offices throughout the world.

About EDGAR(R) Online(R) Inc.

EDGAR Online, Inc. (http://www.edgar-online.com) is a leading provider of value-added global business and financial information. The company makes financial information and a variety of analysis tools available via online subscriptions and licensing agreements to professionals in financial institutions, corporations and advisory firms.

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.