SOURCE: HighRidge Technologies Incorporated

May 19, 2005 13:37 ET

HighRidge Tech to Present Tool for New FDIC Tagged Financial Institution Call Report Data at Bryant University XBRL Conference

MARBLEHEAD, MA -- (MARKET WIRE) -- May 19, 2005 -- Would you like your Financial Institution Call Report Data served up in Microsoft Office, OpenOffice or Altova's XML Suite? Would you like to remap it from the FDIC Call Report format to US GAAP -- Banking and Savings Institutions format? Would you like it published to your internet/intranet with your own branding, distributed as email, made available through Really Simple Syndication (RSS) or even converted to Text to Speech?

As part of the Call Report Modernization Project, the FDIC, a member of the Federal Financial Institution Examination Council (FFIEC) is liberating Financial Institution Call Report Data from the limitations of classic delimited text format by making Bank Call Report Data available in a tagged format known as XBRL (eXtensible Business Reporting Language), an XML standard for financial reporting. Approximately 35 million Financial Institution facts a year will be tagged with value-added information describing the presentation of, and calculation used for, each element.

HighRidge Technologies Inc. announces support for the new FDIC Call Report tagged data in docKinetics Analytics Integrator (AI). docKinetics AI is a web-service enabled financial workbench with tools for analyzing, repurposing and publishing financial data. Data originating from financial statements can be collected using web services, reporting item exceptions can be high-lighted, ratios then calculated, financial reports can be merged with market data and news items, then published and distributed in over 11 different formats. One of these formats is the result of transforming the sophisticated XBRL document into a conventional XML document that can be used in any off the shelf product that supports XML.

HighRidge Technologies Incorporated will be presenting docKinetics AI working with FDIC Call Report Data at the Bryant University 5th XBRL Conference "Regulatory Adoption, SOX Remediation, Interoperability, and XBRL Assurances" on May 26th and 27th, 2005, in Smithfield, Rhode Island.

About HighRidge Technologies Incorporated:

Located in Marblehead, Massachusetts, HighRidge Technologies Incorporated is a small, technically agile company, specializing in eXtensible Markup Language (XML) technologies. HighRidge Technologies Inc. can be reached at 781-990-1052 or at www.highridgetech.com.

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