World’s Largest Equity Market Joins Japan and China in Mandating XBRL Reporting Standard.

NEW YORK, NY – December 17, 2008 – XBRL International, Inc. (XII), a global business reporting nsortium that develops and maintains the XBRL reporting standard and framework, announced today that it supports the US SEC mandate for public mpanies submitting their financial statements in XBRL and mutual fund reporting. XBRL () is an XML-based technology that enables financial and business information to be exchanged quickly, efficiently and st- effectively over the Inter XBRL allows regulators, analysts, financial service mpanies and investors to easily aess and re-use the public mpany information they need for decision making. XBRL is now mandated or used in regulatory filing programs in Australia, Belgium, Canada, China, Denmark, France, Germany, India, Israel, Japan, Korea, herlands, Singapore, Spain, Sweden, Thailand, United Kingdom and United States.

“The current enomic crisis has depleted investor nfidence in the capital markets therefore the need for greater transparency in business and financial information is critical to enomic revery,” said Anthony Fragnito, CPA, CEO of XBRL International, Inc. “The SEC XBRL final rule is a significant milestone in the global adoption of a single, high-quality reporting standard which improves transparency and risk analysis. The only productive manner to deal with the overwhelming amount of business information reported is to use XBRL. Now that the SEC has made this important policy decision, it is critical to expedite this technology to rebuild investor trust and do it st effectively. All SEC filers should nsider implementing XBRL, especially if they are looking for capital market investment and are willing to demonstrate their ability to be more transparent to investors.”

XBRL is a royalty-free, open standard for the delivery of business data. XBRL allows other reporting frameworks such as mutual fund data, credit rating agencies, municipal bonds, tax and sustainability reporting. During the SEC hearing, Chairman Chrisher x specifically referenced the benefits of utilizing XBRL to tag the re data underlying asset-backed securities.

“Reporting of the 20 Century was facilitated by paper, reporting of the 21 Century will be electronic and facilitated by XBRL,” said Jan Pasmooij, Chair of  XBRL Europe.”

XBRL International will be holding its 19 global nference in Paris on June 23-25 attended by key business leaders, financial service firms, software mpanies, stock exchanges and global regulators. Information about the nference can be obtained at: .