EDGAR Online And OTC Markets Group Announce Official Launch Of The OTC Fundamental Data Service
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.
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