EDGR Edgar Online, Inc. (MM)

Helping the industry evolve from paper to data NEW YORK, May 26 /PRNewswire-FirstCall/ -- EDGAR(R) Online, Inc. (NASDAQ: EDGR), a leader in the information industry, is celebrating its 10-year anniversary as a publicly traded company on the Nasdaq stock exchange. The Company was founded in the mid-1990s to bring U.S. Securities and Exchange Commission (SEC) regulatory documents to individual investors at an affordable price. It was the first company in the U.S. to distribute real-time SEC filings over the Internet and quickly became a ubiquitous source of public company financial information. The Company has evolved into one of the most detailed U.S. fundamental data providers in the world and ultimately into the leader in XBRL analysis and compliance offerings that it is today. "Over the last decade EDGAR Online has weathered dramatic swings in the stock market and has proven its ability to adapt its business models to meet the opportunities in the market," said Philip Moyer, President and CEO of EDGAR Online. "In the early stages of our growth, we were revolutionary in democratizing access to SEC filings via the Internet. We built a worldwide brand on what today seems like a simple concept." Moyer went on to say, "As we look to this next decade, EDGAR Online is again at the center of the next great transformation of the financial information supply chain. This time we are using XBRL (eXtensible Business Reporting Language), the Internet and our state-of-the-art I-Metrix platform to unlock the millions of data points embedded in investment filings. XBRL is a worldwide open standard for financial data. It is the 'HTML' of the next generation of financial reporting." EDGAR Online is the top choice of companies filing in XBRL with the SEC. The Company has built the largest repository in the world of XBRL data from SEC filings and provides the richest XBRL analysis tools in the market. "EDGAR Online is focused on leveraging its great heritage and significant investment in XBRL to lead this next phase. We are pleased to mark this milestone and we are looking forward to the opportunities that XBRL offers our shareholders and all investors," said Moyer. About EDGAR Online, Inc. EDGAR Online, Inc. (NASDAQ:EDGR) 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. DATASOURCE: EDGAR Online, Inc. CONTACT: T. David Colgren of Colcomgroup, Inc., +1-917-587-3708, Web Site: http://www.edgar-online.com/

Copyright