raas-XBRL, LLC, provider of SEC-ready XBRL preparation services, is pleased to announce a new client, Two Rivers Water Company (“Two Rivers”). Two Rivers has selected raas-XBRL as its full-service outsourcing solution for the preparation of its 10Q and 10K reports in XBRL format, as required by the U.S. Securities and Exchange Commission (SEC) Final Rule 33-9002. Two Rivers (PINK: TURV) is required to provide XBRL to the SEC for this first time in 2011, and is one amongst an estimated 8700 companies that are required to comply with the SEC’s XBRL mandate beginning with the second quarter 2011 10Q filing, due on or before August 15, 2011.

Two Rivers’ CFO, Wayne Harding, is no stranger to XBRL. Harding recently served on the American Institute of CPAs (AICPA) Council, is past-President of the Colorado Society of CPAs, was head of the AICPA High Tech Task Force that introduced the XBRL concept and was labeled as the “Godfather of XBRL” by Accounting Today.

raas-XBRL uses state-of-the-art technology and robust process management, which means that SEC registrants can now confidently and cost-effectively outsource their XBRL financial statement preparation. With raas-XBRL, what used to take days and cost tens of thousands of dollars can now be accomplished in a fraction of the time and at a fraction of the cost, with no compromises on service or quality.

“We wanted to be ahead of the game,” said Wayne Harding, “and across all the solutions I looked at, raas-XBRL was clearly the best deal, with software and processes that comprehensively meet all our needs, at a very attractive price.”

“We've selected what we believe to be the best XBRL preparation software available on the market; not just the best, but a true paradigm shift. We’re talking about software that is already generating high quality filings to the SEC, with error rates at or below the average of all filings," said Daniel Roberts, raas-XBRL’s CEO. “What really sets us apart is that we substantially reduce, to the point of almost eliminating, the learning curve and lost time clients’ internal financial reporting teams would otherwise have to cope with – and at a reasonable price, with no hidden extras and no compromises on quality." Roberts went on to say, “Our aim as a company is to produce high-quality and affordable XBRL for Tier-3 filers. In choosing raas-XBRL, the complexity inherent in XBRL becomes transparent for our clients, and they can concentrate on their businesses, instead of getting side-tracked by the technical underbelly of compliance."