NEW YORK and VANCOUVER, British Columbia, April 2, 2009 (GLOBE NEWSWIRE) -- Data-Rite Systems Group, Inc. has partnered with Automated Filing Services Inc. ("AFS") to provide a complete and economical Form SH solution for your reporting needs.
Data-Rite's SHO-time application enables funds who engage in short selling to comply with SEC requirements in the weekly filing of Form SH. Specifically, SHO-time reduces weekly filing time from 10-15 manual hours to minutes as it automates a number of processes including: SEC list generation, shares outstanding calculation, trade data review and filtering based on SEC requirements, and EDGAR-friendly report generation.
SHO-Time has a SQL Server 2005 backend database and a web-based GUI written with C#/ASP.NET. It uses SQL Server Integration Services to retrieve external data and integrates with Bloomberg via an API.
Taking this a step further, Automated Filing Services Inc. files reports generated by the SHO-time application on your behalf. AFS is experienced in providing time-sensitive, error-free filing services to a host of reporting issuers, law firms, funds and insiders. AFS eliminates the burdens associated with complex filings and provides secure web accessible proofs for review. In the case of Form SH filings, proofs are generated within one hour.
The partnership between Data-Rite Systems Group, Inc. and Automated Filing Services Inc. achieves the goal of providing a complete and efficient solution for funds required to report their short positions. Our solution helps ensure compliance by leveraging the power of technology in the utility of the SHO-time application and engaging the simplified filing process provided by AFS.
On the horizon are plans for Data-Rite to develop software to automate investors' 13F quarterly filings. This serves to supplement the filing product and services offered by both firms.
About Data-Rite Systems Group
Founded in 1995, Data-Rite Systems Group, Inc. is a software consulting firm resolute in delivering the highest quality software solutions. For more information on our product and services, visit us at www.dataritesys.com.
About Automated Filing Services Inc.
Automated Filing Services Inc. is a full-service EDGAR filing agent who has provided high quality filings since 1999. The company has EDGARized and filed thousands of continuous disclosure and registration statement documents on behalf of hundreds of companies. For more information on our services, visit us at www.sedaredgar.com.