WHAT: Mike Rohan, president of Rivet Software, is available for comment
on the U.S. Securities Exchange Commission (SEC) open meeting on
the filing of mutual fund risk and return prospectuses in
interactive data (XBRL) format.
"An interactive data standard is gaining widespread interest
since it allows investors to easily compare risk and return
information and fund objectives across multiple funds," said
Mike Rohan, president of Rivet Software. "In fact, there has
already been heavy interest in the Mutual Fund Prospectus Viewer
we created for the SEC. Mutual funds have also been pleasantly
surprised at the ease of preparing interactive data filings
using Rivet's CrossTag™ XBRL Creator."
Rivet has been delivering XBRL solutions to SEC filers,
investors and the SEC for more than four years. Under contract
by the SEC, Rivet created the Mutual Fund Risk and Return Viewer,
an online viewer to display prospectuses filed with the SEC in
interactive data format. Now available on the SEC public web
site, the Mutual Fund Risk and Return Viewer enables users to
easily compare and contrast fund objectives, risk, and prior and
prospective returns. In addition, CrossTag™ XBRL Creator
allows non-technical users to easily convert financial
statements, mutual fund prospectus and other business
information, including notes, text and comments, into XBRL
documents.
WHEN: Mike Rohan, president of Rivet Software, is available for comment
beginning Wednesday, May 21. Scheduling is determined upon each
request.
ABOUT RIVET SOFTWARE:
Rivet develops innovative, easy-to-use Financial Communications
and Analysis software, including XBRL creation and viewing
applications, and Crossfire® Analyst, a web-based financial
aggregation, analysis and publishing solution designed for
accounting, finance and other business users. Rivet Software,
based in Denver, Colorado, supports its products with training,
user assistance and consulting services. Rivet has provided
software and assistance to over half of the filers in the SEC
Voluntary Filing Program. For additional information, please
visit www.rivetsoftware.com.
© 2008 Rivet Software, Inc. All rights reserved. Rivet and CrossTag are
either registered trademarks or trademarks of Rivet Software, Inc. in the
United States and other countries. XBRL is a registered trademark of XBRL
International, Inc.
Contact Information: FOR MORE INFORMATION, OR TO BOOK AN INTERVIEW, PLEASE CONTACT: Felicia Mowll Ogilvy Public Relations Worldwide TEL: (212) 880-5244 MOBILE: (646) 221-7227 EM: felicia.mowll@ogilvypr.com