TORONTO, Dec. 17 /PRNewswire/ — The U.S. Securities and Exchange Commission (SEC) today mandated public companies to file their regulatory financial statements in XBRL (eXtensible Business Reporting Language) or interactive data format, as follows:

  2009:     The initial group, affecting approximately 500 domestic and
            foreign large accelerated filers using U.S. GAAP, with a
            worldwide public float of US$5 billion or higher, beginning
            with fiscal periods ending on or after June 15, 2009. This
            includes quarterly reports filed on Form 10-Q and annual
            reports filed on Forms 10-K, 20-F and 40-F.

  2010:     All other large domestic and foreign accelerated filers using
            U.S. GAAP beginning with fiscal periods ending on or after
            June 15, 2010, including quarterly reports filed on Form 10-Q
            and annual reports filed on Forms 10-K, 20-F and 40-F.

  2011:     All remaining domestic and foreign issuers, including smaller
            companies, using U.S. GAAP as well as foreign filers reporting
            in IFRS.

“Our partnership with EDGAR Online(R) Inc. provides an efficient, comprehensive and automated turn-key solution for inter-listed Canadian companies impacted by the SEC’s mandate,” said Nicole Guillot, Vice President, Product Management and Operations, CNW Group.

  Why choose CNW Group for your XBRL tagging solution?

      -  CNW Group's partner, EDGAR Online, is the XBRL solution leader for
         U.S. issuers who participated in the SEC's voluntary XBRL filing
         program
      -  Reduces manual tagging of the usual 80 to 100 hours down to
         approximately 24 hours for your first submission
      -  Offers XBRL tagging of fundamental financial data for U.S. GAAP,
         Canadian GAAP and IFRS
      -  Subsequent documents can be tagged in as little as 8 hours
      -  EDGAR Online, the XBRL leader, has invested more than
         US$30 million in developing its proprietary technology to deliver
         the world's only automated tagging solution

“Canadian companies can also benefit by participating in the Canadian Securities Administrators (CSA) voluntary XBRL filing program now. The benefits of doing so are three-fold: keep pace with their peers in the U.S., benefit from the learning process, and be well prepared when the CSA mandates XBRL in Canada,” continued Guillot.

Please contact CNW Group’s in-house regulatory filing experts at: 1.800.825.6133 or XBRL@Newswire.ca.

About CNW Group

CNW Group is a global leader in news and information distribution services for professional communicators. Established in 1960, CNW is part of the International PR Newswire network, reaching news outlets in 135 countries worldwide. CNW Group provides electronic news distribution, targeting, monitoring, translation, Webcast and disclosure services to corporate, government, associations, labour, non-profit and other customers worldwide. CNW Group helps Canadian and international organizations to connect with local and global audiences including the news media, the investment community and the general public. CNW Group is co-owned by two news distribution powerhouses: PR Newswire, based in New York City, USA and PA Group, based in London, UK. www.newswire.ca 1.877.CNW.7890

Source: Canada NewsWire Ltd.

CONTACT: John Mania, Manager, Regulatory Filing Services, CNW Group,
1-800-825-6133, XBRL@Newswire.ca; Joe Vecsi, Manager, Corporate
Communications, CNW Group, Dir. (416) 863-2134, Cell (647) 205-1467,
Joe.Vecsi@Newswire.ca