PR Newswire and EDGAR® Online, Inc. (Nasdaq: EDGR) jointly announced today that they have agreed to work together to deliver next -generation compliance and communications offerings based on XBRL (eXtensible Business Reporting Language) technology.

As part of the agreement, PR Newswire’s Vintage Filings division will immediately offer EDGAR Online’s industry-leading XBRL tagging and filing services as part of their extensive SEC compliance offerings. Additionally, the companies have agreed to work together to incorporate XBRL data and tools from EDGAR Online within investor communications products offered by PR Newswire.

“PR Newswire has been at the forefront of the movement towards improving the transparency of financial information and disclosure since 2004 and has offered XBRL document preparation services since 2005,” said Scott Mozarsky, executive vice president, Commercial Operations, PR Newswire. “The thousands of public companies who regularly communicate their financial information and comply with SEC regulations through PR Newswire and our Vintage Filings division, will now significantly benefit from EDGAR Online’s superior technology and deep knowledge of XBRL data, along with their leadership in all areas of XBRL from creation to analysis. EDGAR Online’s XBRL filing services are the perfect complement to PR Newswire’s and Vintage Filings’ comprehensive, industry-leading suite of communications and compliance services.”

Through PR Newswire and Vintage Filings, one of the leading SEC filing services, public companies have a one-stop-shop to satisfy all of their communication, compliance and intelligence needs. From earnings release distribution, IR webcasting, XBRL document creation, IR website hosting, multimedia annual report production and distribution to EDGAR document preparation and filing, printing and typesetting services, notice & access proxy services, and market intelligence and research through PR Newswire’s alliance with Ipreo’s BD Corporate Platform, PR Newswire offers a comprehensive suite of IR services to power stakeholder engagement.

“PR Newswire is one of the leading brands in the investor communication industry,” said Philip Moyer, president and CEO of EDGAR Online. “We are extraordinarily proud to be bringing our XBRL expertise together with their compliance offerings. We are equally excited by the prospect of working together with PR Newswire to build a next generation digital communication offering that connects issuers directly to the investors they want to target.”

Moyer added, “As the SEC and other global regulatory bodies adapt regulatory disclosure in line with the digital age, public companies are faced with increasingly complex compliance and communication challenges. We believe there is a broad opportunity to create a 360 degree solution for public company compliance and investor communications.”

According to the SEC mandate of December 2008, all US public companies are required to file XBRL-tagged financial statements with the SEC according to a three-year phase-in period. The largest companies began in 2009. All large accelerated US filers with a public float above $5 billion began XBRL submission starting with their first 10-Q for a fiscal period ending on or after June 15, 2009. All other large accelerated US filers will be required to comply starting with their first 10-Q for a fiscal period ending on or after June 15, 2010 and all remaining US filers will start with their first 10-Q for a fiscal period ending on or after June 15, 2011.