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Weekly News Digest

May 24, 2004 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITIís Twitter account: @ITINewsBreaks.

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EDGAR Online Offers XBRL for Financial Information

EDGAR Online, Inc. announced that it has completed a conversion and now offers all U.S. public company financial statements in a new importable format called eXtensible Business Reporting Language (XBRL), an open specification that uses XML-based data tags to aid financial data interchange. One of the first financial services companies to make use of XBRL, EDGAR Online is also offering users for the first time and at no cost a limited number of real-time public company financial statements directly downloaded into Microsoft Excel 2003 worksheets.

EDGAR Online participated in the development of XBRL through its early involvement with XBRL International (http://www.xbrl.org). This consortium of more than 200 companies and organizations, such as the big four accounting firms, Morgan Stanley, Microsoft, and the AICPA, represents the international business reporting supply chain. XBRL is an open specification that uses XML-based data tags to describe financial statements in both public and private companies. These tags are intended to create a royalty-free, standards-based method that claims to revolutionize the ways that financial information can be exchanged.

To learn more about this service or to subscribe, go to http://xbrl.edgar-online.com/x/xbrltool/ and http://www.microsoft.com/office/solutions/xbrl/.

Source: EDGAR Online, Inc.



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