DISCLOSUREPLUS

DISCLOSUREPLUS

August 15, 2005 07:00 ET

DISCLOSUREPLUS: Major Reduction In Time For Public Corporations

TORONTO, ONTARIO--(CCNMatthews - Aug. 15, 2005) -

NEW CONTENT MANAGEMENT SYSTEM FOR WEB DISCLOSURE

"Research proves that if users can't find disclosure quickly on web sites, they're gone. That's why the DISCLOSUREPLUS system substantially reduces time finding disclosure on corporate web sites," says Dean Peloso, president DISCLOSUREPLUS.

"As the former vice-president of Sedar and SEDI, and a Director at the Toronto Stock Exchange, I know first-hand the importance of timely and easily accessible disclosure in building investor confidence and sound financial markets," says Peloso. "After all, what use is disclosure if it can't be found on web sites?" Peloso adds.

DISCLOSUREPLUS REDUCES TIME FINDING DISCLOSURE INFORMATION ON WEB SITES

With DISCLOSUREPLUS, users report easy-to-use navigational icons, and a substantial reduction in time finding relevant disclosure information on web sites. This ease-of-use is significant since "72% of portfolio managers report irritation with 'poor navigation or hard to find information' on corporate web sites," according to Rivel Research.

REGULATORY SIGNIFICANCE FOR DISCLOSUREPLUS

"The OSC wants to ensure that all investors get equal access to information by eliminating selective disclosure to the favoured few" said David Brown, former Chair of the Ontario Securities Commission. Brown's comment was delivered in a speech at McMaster University titled "The State of Corporate Governance in Canada."

RIOCAN WINS ONTARIO BUSINESS ACHIEVEMENT AWARD FOR GOVERNANCE AND DISCLOSURE

"We are committed to timely, accessible and transparent disclosure," says Robert Wolf, Vice President and CFO of RioCan, Canada's largest real estate investment trust with total assets of about $4.2 billion.

"We selected DISCLOSUREPLUS because of its 'innovative simplicity' for web-based communications" he says. "The self-operating content management system allows our executives in real time to communicate our material disclosure and governance policies to the investment community at large," Wolf says. "We have received positive feedback from RioCan unitholders and the investment community about the clarity and ease-of-use of the DISCLOSUREPLUS' architecture and navigational system," he adds.

In 2004, Premier Dalton McGuinty awarded RioCan the Ontario Chamber of Commerce Business Achievement Award for Corporate Governance based on its corporate governance policies and disclosure practices.

DISCLOSUREPLUS' PROPRIETARY CONTENT MANAGEMENT SYSTEM

The DISCLOSUREPLUS CMS has been custom-engineered by technologists, disclosure experts and designers to facilitate real-time and easy-to-access disclosure over the web. The DISCLOSUREPLUS CMS allows instant real-time web publishing without knowledge of programming or HTML. Every change is trackable, each iteration of the site can be instantly reproduced. With an easy-to-use CMS, I.T. involvement is unnecessary.

ABOUT DEAN PELOSO, president.

As Vice-President for the SEDAR and SEDI businesses, Peloso facilitated regulatory disclosure by public companies and insiders in Canada. As Director of Listed Company Reporting at the Toronto Stock Exchange, he managed listing and regulating public companies on the exchange. With Bell Canada Enterprises, Peloso held a number of executive positions. He holds an MBA from McMaster University.

ABOUT DISCLOSUREPLUS

DISCLOSUREPLUS technology allows small and large-cap corporate web sites to ensure regulatory compliance with timely and relevant disclosure. To facilitate disclosure and compliance, DISCLOSUREPLUS (www.disclosureplus.com) provides navigational icons based on an intuitive and distinctive visual language. From any page in the DISCLOSUREPLUS platform, investors can easily view 40 different pages of relevant disclosure information.

To ensure best-practice standards, DISCLOSUREPLUS collaborated with key officials from Canadian securities regulators, stock exchanges and insurance industries. The DISCLOSUREPLUS platform incorporates national guidelines of Canadian securities administrators and the TSX's electronic disclosure guidelines.

DISCLOSUREPLUS clients include: RioCan, Cineplex Galaxy, Magellan Aerospace, ClubLink, Energy Savings Income Fund, Denison Mines and Jaguar Nickel.

Contact Information