Q4 Web Systems

Q4 Web Systems

June 08, 2009 09:00 ET

Q4 Web Systems Provides XBRL Financials with Real-Time Rendering on Investor Relations (IR) Websites

Product enables companies to comply with SEC mandate of providing interactive data financials on their IR websites

HOLLYWOOD, FLORIDA--(Marketwire - June 8, 2009) -

Editors Note: There is a photo associated with this Press Release.

Q4 Web Systems (Q4), a leading provider of software for corporate and investor relations websites, today announced from the National Investor Relations Institute National Conference their Q4 web platform now delivers a highly accurate real-time rendering of eXtensible Business Reporting Language (XBRL)-tagged SEC filings. This new product enables users to view XBRL-formatted financial statements in an easy to read display on IR websites while helping public companies meet the new SEC XBRL regulations which require them to post financial statements in interactive data formats.

In January 2009, the SEC introduced a phased mandate for filing in XBRL starting with the largest companies in June 2009 and then extending to all sizes of companies over the next three years. The rules require companies to provide their financial statements on their corporate websites in an interactive data format using XBRL at the same time their financial statements are submitted to the SEC.

"Until now, individual investors could only obtain high-level financial information for companies from sites like Yahoo! Finance and MSN/Money and institutional investors and research firms had to pay for access to real-time financial data feeds from data aggregators such as EDGAR-Online," said Darrell Heaps, President and CEO of Q4. "XBRL will soon be mandatory for all U.S. public companies and foreign private issuers so it is imperative to begin adoption of this technology now. In this format, financial statements can be viewed interactively from the IR website giving all investors more meaningful information that is easier to find, download, analyze and share through social networks."

Q4's XBRL Solution Provides

- Full-compliance with the SEC Mandate
- Highly-scalable real-time rendering of SEC filings or other XBRL Content
  displayed in HTML
- Adherence to timely disclosure - your website is updated within minutes
  of your XBRL filing being accepted by the SEC
- Multiple report formats for enhanced financial analysis and reporting
- Ability to view and download XBRL reports, or share embed code through
  social networks and Web 2.0 applications
- Improved discoverability of your financial information through Google
  and other popular search engines
- Accurately rendered sharable 'as reported' views of your filings
- 'Trust' in the origin of the source of the information

For more details on our new and existing line of corporate and investor relations website products please visit: http://www.q4websystems.com/Products/Overview/default.aspx.

About Q4 Web Systems (Q4)

Q4 Web Systems (Q4) is a leading provider of software for investor relations websites. Q4's customized web-based solutions enable public companies to maintain control and flexibility over corporate communications while reducing regulatory and market risks. The Q4 Web platform works with any website and includes over 30 best practice IR modules and features to help investors easily find information, subscribe to updates and share it through social networks. Automated web records and a verifiable audit trail mitigate risk and ensure high quality disclosure. Q4's solutions allow issuers to reduce costs and build better relationships with stakeholders. To learn more please visit www.q4websystems.com or Q4's blog at www.q4blog.com.

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