WASHINGTON, June 13, 2006 (PRIMEZONE) -- Aiming to help CFOs and other executives navigate the next series of challenges associated with Sarbanes-Oxley compliance, FierceMarkets (www.fiercemarkets.com) today launched a new informational resource called FierceSarbox (www.fiercesarbox.com). The newsletter and complimentary web site provide a one-stop source of actionable information on cutting costs and increasing efficiency while avoiding non-compliance -- the challenges FierceMarkets characterizes as "Sarbanes-Oxley 2.0."
"FierceMarkets coined the term Sarbanes-Oxley 2.0 to explain the next generation of challenges associated with Sarbanes-Oxley compliance. Achieving compliance has required an enormous drain on resources and a particular distraction for CFOs. Now companies must operationalize their compliance efforts in a way that's more cost-efficient and less of an overall distraction," said Jeff Giesea, president of FierceMarkets. "We launched FierceSarbox as a resource for CFOs, CIOs, and compliance executives entering the 2.0 phase of Sarbanes-Oxley compliance."
Giesea continued, "FierceSarbox provides a faster, smarter alternative: a single, comprehensive source of news, tips and hands-on commentary about Sarbanes-Oxley compliance, updated weekly. Considering a recent FEI survey which found that compliance costs at public companies were 62 percent more than expected, FierceSarbox debuts at a time when CFOs and compliance executives need actionable information for marginalizing those costs and operationalizing Sarbanes-Oxley."
The FierceSarbox publication and Web site cover topics such as Sarbox control frameworks, integrating compliance into application development, and planning for Sarbox expenses. The editor of FierceSarbox is Jim Kim, who covered the financial services industry for many years at USA Today before joining FierceFinance as editor. Jim has also written articles for publications such as The New York Times and worked as a content director and consultant in the financial services and technology industries. He also has served as a television commentator for the local ABC affiliate in Washington, D.C. He is a graduate of Duke University.
"FierceSarbox heralds the next step in Sarbanes-Oxley Compliance," Kim said. "The FierceSarbox Web site and newsletter are establishing themselves as go-to resources for CFOs and other executives. I'm thrilled to be able to bring the industry's first, and much needed, source for handling the issues CFOs are facing today."
More than 1,500 executives have signed up for FierceSarbox in anticipation of today's launch. This level of interest reflects the need for a single source of information about Sarbanes-Oxley compliance. It also continues FierceMarkets' history of providing publications that fill real needs in the marketplace. In April, FierceMarkets' 12 email-based trade newsletters achieved a combined circulation of more than 350,000 subscribers.
About FierceMarkets
FierceMarkets is a digital business media company serving vertical markets with email newsletters, web sites, and live events. Based in Washington, DC, FierceMarkets publications reach more than 365,000 executives in over 100 countries every business day. Current publications include FierceBiotech (http://www.fiercebiotech.com), FierceDeveloper (http://www.fiercedeveloper.com), FierceEnterprise (http://www.fierceenterprise.com), FierceFinance (http://www.fiercefinance.com), FierceCIO (http://fiercecio.com ), FierceHealthcare (http:///www.fiercehealthcare.com), FierceIPTV (http://www.fierceiptv.com), FierceMobileContent (http://www.fiercemobilecontent.com), FierceVoIP (http://www.fiercevoip.com), FierceWiFi (http://www.fiercewifi.com), FierceWireless (http://www.fiercewireless.com), and IT-Wireless (http://www.it-wireless.com).