EDGR Edgar Online, Inc. (MM)

Releases Tagging Solution for Detailed Notes to Financial Statements and Files Its Own Fully-Tagged XBRL Notes NEW YORK, Nov. 17 /PRNewswire-FirstCall/ -- EDGAR® Online, Inc. (NASDAQ: EDGR) announced today that it has completed 148 error-free XBRL filings to date this quarter -- nearly two times the volume of its next closest competitor. The Company also announced the commercial availability of its XBRL solution for the tagging of detailed Notes to Financial Statements, in preparation for the second phase of the Securities and Exchange Commission's (SEC) mandate. EDGAR Online continues to create XBRL filings that consistently pass the SEC's vigorous validation checks. Since the launch of its XBRL filing solution EDGAR Online has created over 1,000 XBRL conversions for customers - a level that is unmatched in the industry. As a further demonstration of its capability, EDGAR Online filed its own third quarter Form 10-Q with detailed Notes fully-tagged in XBRL on Monday, November 16, 2009 - becoming the first small cap company to do so. "We are increasing the automation of all aspects of XBRL conversions, making XBRL creation with our platform easier and less error-prone than our competitors' processes," said Stefan Chopin, Chief Technology Officer of EDGAR Online. "Our technology is already producing more SEC validated filings per day than any other solution. We are excited to start demonstrating how our solution scales to handle increased volumes in both primary financial statements and fully-tagged Notes. We look forward to helping companies in all tiers meet the compliance requirements of the SEC's mandate for XBRL," added Chopin. Philip Moyer, CEO and President of EDGAR Online said, "Our filing system is one of the most accurate and trusted in the market. This quarter alone we have reduced our turn times and produced error-free XBRL filings for some of the world's largest companies." Moyer went on to say, "There is a good deal of misinformation circulating about the quality of XBRL produced by various vendors. We are very proud of the fact that EDGAR Online's XBRL filings consistently pass the SEC's high levels of quality and validation checks and that we have completed another peak filing season without a single customer having to file an amendment." About EDGAR Online, Inc. EDGAR Online, Inc. (NASDAQ:EDGR) is the market leader in the creation and distribution of XBRL tagged data and 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 low cost and flexible online subscriptions and data licenses and via redistributors. In XBRL specifically, EDGAR Online's deep expertise and automated XBRL creation platform helps companies comply with XBRL filing regulations and manage investor relations requirements and also delivers customized or standardized XBRL data and analytical tools for financial analysis. For more detailed information on 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® 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: Sue Childs, +1-203-852-5669, Web Site: http://www.edgar-online.com/

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