LOS ANGELES, Feb. 21, 2002 (PRIMEZONE) -- The Securities and Exchange Commission has proposed several disclosure rule changes, including a requirement that news releases and SEC filings be posted in real time on the company's Website.
http://www.sec.gov/news/headlines/corpdiscrules.htm
In anticipation of these new rules, PrimeZone Media Network today announced the launch of "Disclosure Now," a service aimed at helping companies satisfy some of these requirements.
The "Disclosure Now" service allows publicly traded companies to have their SEC filings and press releases posted simultaneously on their company site as the news is publicly released.
"Disclosure Now" Website services is sold in conjunction with PrimeZone's newswire, and includes:
-- Real Time SEC filings
-- Simultaneous posting of press releases at the time the news is
transmitted to disclosure media, newspapers, online services,
databases and financial market centers.
-- Email Alerts, a service whereby visitors to a Website can
register to automatically receive, via email, all of the
company's SEC filings and news release postings.
-- Customized design of the SEC filings and news release Web pages
so they contain the look and feel of the company's Website.
The "Disclosure Now" capabilities have been available for almost four years to customers of PrimeZone's IR Connect, a full-service investor relations Website program. With IR Connect, PrimeZone maintains and updates all of the company's investor relations pages.
"We have always thought that posting news releases immediately to the company's Website, along with real-time SEC filings, were important in the disclosure process," said Tom Madden, PrimeZone CEO. "The development of our wire service and the extensive software development we have done with IR Connect makes this a natural service for us to offer."
Phyllis Wolper, an IR Manager at Basic Capital Corp. in Dallas, has utilized PrimeZone's wire and Web-posting services for more than three years:
"I found the latest SEC proposed rules concerning immediate posting of news releases and SEC filings on the company's Website only confirmed what many IROs in our local NIRI chapter had discussed, and planned for, three or four years back. Partnering with PrimeZone Media Network and IR Connect placed our company far ahead of the crowd long before any of the current concerns about accounting practices and disclosure. Having experienced PrimeZone and IR Connect performing flawlessly over the last few years makes such an announcement a nonevent. And, with these services, I feel confident that we'll stay well ahead of any newly proposed rules long into the future." -- Phyllis Wolper
The "Disclosure Now" service is available immediately through PrimeZone and can be implemented within 48 hours.
"This service makes it easy and inexpensive for companies to comply with these expected SEC requirements," said Madden.
PrimeZone Media Network is a news release distribution service that helps hundreds of publicly traded companies throughout the globe satisfy disclosure requirements. In addition to reaching disclosure media such as Dow Jones, Reuters, AP, UPI, Bloomberg and others, PrimeZone's satellite-based electronic network includes 4,000 daily newspapers and wire services; more than 1,600 online services and databases, including Yahoo!, Bloomberg.com, NASDAQ.com, AMEX.com, NewsAlert, Motley Fool, Factiva, Nexis Lexis and COMTEX; and distribution to millions of financial desktops through Bloomberg, ILX and others.
Based in Los Angeles, PrimeZone was founded in the 1990s by veterans of the news release industry. In addition to the newswire and IR Connect, PrimeZone offers a full array of communication services, including broadcast fax, email, webcasting, teleconferencing and other specialized web-oriented programs.
For information or pricing on "Disclosure Now," contact a PrimeZone sales representative at 800-307-6627 or via email at sales@primezone.com.