SOURCE: Bowne & Co., Inc.

November 05, 2007 06:15 ET

Bowne and Reuters Collaborate on First IFRS-Based XBRL Documents Submitted to the SEC

Momentum Behind SEC Voluntary Program Continues to Expand Globally

NEW YORK, NY and LONDON--(Marketwire - November 5, 2007) - Bowne & Co., Inc. (NYSE: BNE), a leading provider of shareholder, financial and marketing communication services, and Reuters (LSE: RTR) (NASDAQ: RTRSY), the global information company, today announced the first successful submission of XBRL® (eXtensible Business Reporting Language) documents based on International Financial Reporting Standards (IFRS) to the U.S. Securities and Exchange Commission (SEC) as part of the SEC's voluntary interactive data filing program. The Interim Results of Reuters Group PLC for the period ending June 30, 2007 were submitted to the SEC EDGAR system in XBRL format using Bowne's EDGAR submission process.

At the forefront of the SEC's dedicated, long-standing project to update and modernize its EDGAR system, XBRL improves the transparency of financial information and streamlines the analysis process by allowing organizations to identify or "tag" financial data. While all previous financial statements filed in the SEC's voluntary program have been based on US generally accepted accounting principles (US GAAP), Reuters submission is the first to use the IFRS taxonomy of reporting terms. Interest in using IFRS for SEC filings is on the rise due to the proposal by the SEC to accept IFRS financial statements from non-domestic issuers without reconciliation to US GAAP.

Both Reuters and Bowne are pioneers in the use of XBRL and longtime members of XBRL International. Bowne created and filed the first document submitted in the SEC's voluntary filing program and Reuters has been publishing its financial results in XBRL for several years. "The regulatory reporting landscape across the globe is evolving as a result of XBRL and the SEC voluntary program is leading the way," said Dave Shea, Bowne Chairman, President and Chief Executive Officer. "In assisting Reuters with its first-to-file achievement, Bowne continues to demonstrate its leadership position in helping our European and U.S. clients respond to new interactive date-driven reporting requirements."

"As a distributor of financial data, we are keenly aware of the value that machine-readable data can bring to the world's financial systems," said David Grigson, Chief Financial Officer at Reuters. "Reuters is at the forefront of electronic data publishing and we have been delighted to work with Bowne as the first company to file our XBRL results in International Financial Reporting Standards format with the SEC."

"The decision by Reuters to become the first company to make its International Financial Reporting Standards-based financial reports available to the public on the SEC's website in XBRL represents another important milestone as all public companies evolve toward reporting in an interactive format," said Jeff Naumann of the SEC's newly formed Office of Interactive Disclosure. "Interactive data has the potential to save time and expense for investors, analysts, and those who prepare financial reports, regardless of which accounting standard is employed."

Reuters submission, which was furnished to the SEC on November 2, 2007, is available online at: http://www.sec.gov/Archives/edgar/data/1056084/000095013507006690/0000950135-07-006690-index.htm

About Bowne & Co., Inc.

Bowne & Co., Inc. (NYSE: BNE) provides financial, marketing and business communications services around the world. Dealmakers rely on Bowne to handle critical transactional communications with speed and accuracy. Compliance professionals turn to Bowne to prepare and file regulatory and shareholder communications online and in print. Marketers look to Bowne to create and distribute customized, one-to-one communications on demand. With 3,200 employees in 60 offices around the globe, Bowne has met the ever-changing demands of its clients for more than 230 years. For more information, please visit www.bowne.com.

About Reuters

Reuters (www.reuters.com),the global information company, provides indispensable information tailored for professionals in the financial services, media and corporate markets. Through reuters.com and other digital properties, Reuters now also supplies its trusted content direct to individuals. Reuters drives decision making across the globe based on a reputation for speed, accuracy and independence. Reuters has 17,500 staff in 94 countries, including 2,400 editorial staff in 196 bureaux serving 131 countries. In 2006, Reuters revenues were £2.6 billion.

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