SOURCE: Bowne & Co., Inc.

May 14, 2008 12:57 ET

Get Ready for the SEC XBRL Mandate With Bowne

Comprehensive Program Includes Expanded XBRL Client Education Initiative, Services and Technology

NEW YORK, NY--(Marketwire - May 14, 2008) - Bowne & Co., Inc. (NYSE: BNE), a leader in shareholder and marketing communications services, today announced the next phase of its client education series on XBRL® (eXtensible Business Reporting Language) in response to the Securities and Exchange Commission (SEC) mandate.

Earlier today, the SEC proposed a rule phasing in a mandate of XBRL that would have Large Accelerated Filers, both domestic and international, that use US GAAP and have a worldwide float in excess of US$5 billion, file their financial statements and notes and schedules to the financials ("footnotes") in XBRL beginning with financial results for periods ending on or after December 15, 2008. The proposal is expected to be finalized later this year.

"Bowne has long been a supporter of interactive data and is committed to helping our clients understand and navigate the complexities associated with filing in XBRL," said Bill Penders, President of Bowne. "Now, approximately 500 Large Accelerated Filers only have a couple more quarters to prepare themselves, which is why we are ramping up our client education initiatives in the coming months."

Today, Bowne announced its half-day "tag it" seminars for accounting, finance and external reporting professionals, the first of which will be held in Palo Alto, Calif. on June 10. Attendees will work with their own financial statements and notes to learn how to tag data for creating interactive filings for submission to the SEC. Participants will come away from the seminars with at least two of their financial statements -- usually the income statement and balance sheet -- tagged for XBRL, and will benefit from the "hands-on" style of the seminars.

Bowne's proactive and comprehensive approach to helping clients understand what XBRL means to them comprises:

--  XBRL "Tag It" client seminars
--  "The Future of Corporate Reporting" client education meetings
--  A May 19 webinar, "Don't Panic: XBRL and Preparing for the SEC
    Mandate"
--  "XBRL: The Dawn of a New EDGAR," a Bowne-sponsored white paper
--  Interactive XBRL Viewer, which enables any company or fund to review
    XBRL documents prior to submission to the SEC
    

Bowne clients will be well prepared for the XBRL mandate. According to Wayne Boston, SEC Reporting Director, Southern Company, "We look forward to having our SEC reporting team participate in the 'tag it' seminars as we continue to move up the XBRL learning curve."

Additional "tag it" seminars will soon be scheduled in major cities, including Boston, New York, Washington D.C., Chicago, Dallas, San Francisco and Seattle. To check when a "tag it" day will be held in your region, or for more information on any of Bowne's XBRL services, tools and educational initiatives, please visit: www.bowne.com/xbrl.

About Bowne & Co., Inc.

Bowne & Co., Inc. (NYSE: BNE) provides shareholder and marketing 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 3,500 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.

Contact Information

  • Investor Relations Contact:
    John J. Walker
    SVP & Chief Financial Officer
    212-658-5804
    john.walker@bowne.com

    Media Contact:
    Pamela Blum
    Corporate Communications Manager
    212-658-5884
    pamela.blum@bowne.com

    Bowne & Co., Inc.
    55 Water Street
    New York, NY 10041
    (212) 924-5500
    Fax: (212) 658-5871