Business Wire Introduces EDGARit, Which Converts, Formats and Electronically Transmits SEC Filings, Streamlining the Disclosure Process.Business Editors NOTE TO MEDIA: Logo is available in a Smart News Release(TM) on Business Wire's Home Page at www.businesswire.com and at www.newstream.com SAN FRANCISCO--(BUSINESS WIRE)--Nov. 5, 2001 Business Wire today became the first commercial news service to offer publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. a total disclosure solution with the launch of EDGARit, which enables companies to seamlessly fulfill SEC filing requirements with one transmission. EDGARit offers state-of-the-art conversion, formatting and filing capabilities, allowing listed companies to comply with mandated SEC filing obligations, including 10-Ks, 10-Qs, and 8-Ks. "Business Wire has served the disclosure needs of its members for more than 40 years," said Cathy Baron Tamraz, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , in making the announcement. "We proudly continue our history of disclosure innovations with today's introduction of EDGARit, which is designed to simplify and streamline the disclosure process for domestic companies traded on the U.S. equities markets." Business Wire is the only service provider in any industry that provides listed companies with a full portfolio of disclosure services: 1. broad, simultaneous, real-time news distribution via its own dedicated network to the market-moving disclosure media; 2. access to supplemental web-based services, including webcasting and real-time web postings to thousands of online services, databases and websites, and 3. EDGARit, which enables companies to "one-stop shop One-Stop Shop A company or a location that offers a multitude of services to a client or a customer. The idea is to provide convenient and efficient service and also to create the opportunity for the company to sell more products to clients and customers. " with its convenient, value-priced service offerings. With EDGARit, companies are able to submit documents using Business Wire's exclusive, secure order management system, Business Wire Connect. A dedicated staff of experienced editors will then convert the original documents from virtually any format, return proofs for final approval, and then electronically transmit the approved document, ensuring compliance with the SEC's statutory filing obligations. "Our total disclosure solution enables clients to satisfy disclosure via the two platforms recognized and accepted by the U.S. Securities and Exchange Commission: the news release, and an 8-K filing," Tamraz added. "For companies seeking to augment their distribution via supplemental channels, Business Wire provides access to a full range of industry-leading webcasting and web posting/archiving services." About Business Wire: Founded in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden in 1961 by its president, Lorry I. Lokey, veteran journalist and public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most executive, Business Wire has network access to more than 60 international and national newswires, financial information providers, and web-based news services throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, Asia, Latin America, the Middle East and Africa. With content from more than 34,000 organizations, including major U.S. corporations, Fortune 1000 and NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on companies, Business Wire remains the fastest-growing and largest independent commercial newswire in the world. The company electronically disseminates full-text news releases simultaneously to the news media, the Internet, online services and databases, and the global investment community. Headquartered in San Francisco, Business Wire has 26 U.S. offices, Frankfurt, London and Brussels offices, and reciprocal offices worldwide. About EDGAR Edgar or Eadgar (both: ĕd`gər), 943?–975, king of the English (959–75), son of Edmund, king of Wessex. In 957 the Mercians and Northumbrians rebelled against Edgar's brother Edwy and chose Edgar as their king. : EDGAR, the Electronic Data Gathering, Analysis, and Retrieval Electronic Data Gathering, Analysis, and Retrieval See EDGAR (Electronic Data Gathering, Analysis, and Retrieval). System, is the cornerstone of an electronic disclosure system that was developed by the SEC. Since May 1996, all public domestic companies are required to make their filings on EDGAR. Note: A Logo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.110501/bb5 |
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