ROCKVILLE, Md., June 11, 2012 /PRNewswire/ -- EDGAR®
Online, Inc. (NASDAQ: EDGR), a premier provider of fundamental
financial data, analytics and disclosure management services, today
announced the launch of the OTC Fundamental Data Service, an OTC
market dataset featuring unique information on companies that do
not file fundamental data and disclosures with the Securities and
Exchange Commission (SEC). Through its partnership with OTC
Markets Group – the largest OTC marketplace platform, with almost
10,000 securities trading on three marketplaces: OTCQX, OTCQB and
OTC Pink – EDGAR Online will provide insight and information
allowing institutional investors, analysts, data providers and
enterprises access to three years of fundamental data from
quarterly and annual financial statements for more than 800
companies trading on the OTC market.
Prior to the availability of the OTC Fundamental Data Service,
investors relied on disparate sources and formats for OTC
financials information. Now individuals can easily use the detailed
fundamentals to identify new investment targets, accurately create
credit reviews, and compare OTC companies within their peer groups.
EDGAR Online will provide the dataset through its own I-Metrix Pro
platform, via a web service, the OTC Markets Group website and
Yahoo! Finance, where it will be accessible through the individual
company quote pages.
"Previous to this dataset's release, market data on these 800
OTC companies was not as widely accessible to investors who were
trying to analyze and compare data for value-based decision-making.
Leveraging almost twenty years of expertise in creating, collecting
and consuming data, we are expanding the universe of information on
publicly traded companies and allowing investors to better govern
their investment decisions and manage their risk within the
market," said David A. Frankel,
chief marketing officer of EDGAR Online. "We look forward to
expanding our partnership with OTC Markets in the future. Together,
we expect to increase data access points and build out the
historical information to allow for ratios and back-testing to
identify new investment opportunities."
Matt Fuchs, Managing Director –
Market Data & Strategy of OTC Markets Group, said, "Providing
investors with access to fundamental data for companies using our
Disclosure Service underscores our commitment to providing a more
transparent OTC marketplace for investors. By distributing
this information with EDGAR Online and their partners, we ensure
that institutional investors, market participants, retail investors
and corporations have access to the data they need to make informed
decisions."
About EDGAR®Online, Inc.
EDGAR®Online (NASDAQ: EDGR) provides financial data,
analytics and disclosure management solutions to help corporations
and institutional investors facilitate compliance and management of
regulatory disclosure filings. In addition to developing a variety
of unique as-reported and normalized data sets, EDGAR Online is an
industry leader in XBRL (eXtensible Business Reporting Language)
processing. Thousands use the company's solutions, including U.S.
public companies, mutual funds, leading financial analysts and
institutional investors, as well as global regulators such as the
FDIC, Banque de France and the
U.S. Securities and Exchange Commission. The company delivers its
solutions, including ActiveXBRL software solutions, through an
extensive network of partners, including Business Wire,
LexisNexis®, NASDAQ OMX, Oracle, PR Newswire, RR Donnelley and
SAP.
Use of Forward-Looking Statements
This press release may contain forward-looking
statements. These statements relate to future events or to future
financial performance and may include, without limitation,
statements regarding our future growth prospects, future demand for
our XBRL products/services and future innovations in our data and
solutions and subscriptions businesses. These forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause our actual results, levels of activity,
performance, or achievements to be materially different from any
future results, levels of activity, performance, or achievements
expressed or implied by these forward-looking statements. In some
cases, you can identify forward-looking statements by the use of
words such as "may," "could," "expect," "intend," "plan," "seek,"
"anticipate," "believe," "estimate," "predict," "potential," or
"continue" or the negative of these terms or other comparable
terminology. You should not place undue reliance on forward-looking
statements because they involve known and unknown risks,
uncertainties and other factors that are, in some cases, beyond our
control and that could materially affect actual results, levels of
activity, performance, or our growth strategy. For further
information about the factors that could affect EDGAR Online's
future results, please refer to our filings with the Securities and
Exchange Commission. We assume no obligation to publicly update or
revise these forward-looking statements for any reason, whether as
a result of new information, future events, or otherwise.
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.
SOURCE EDGAR Online, Inc.