LOS ANGELES, June 3, 2002 (PRIMEZONE) -- PrimeZone Media Network today announced that the electronic filing of financial information to the Securities and Exchange Commission's EDGAR system is now available as part of Disclosure Now, PrimeZone's dynamic new product for publicly traded companies.
Disclosure Now, PrimeZone's material news disclosure system, allows publicly traded companies to have SEC filings transmitted to EDGAR as well as posted along with press releases on their company Website as that news is released. This service complies with recent SEC proposals which would require the real-time posting of news releases and EDGAR filings on a company's site.
"Public companies frequently issue a news release and then file a Current Report (Form 8-K) with EDGAR a day or two later," said Tom Madden, PrimeZone's CEO. "With PrimeZone's Disclosure Now, material news releases can be automatically filed with EDGAR, in real-time, ensuring that SEC timeliness requirements are always met."
Disclosure Now includes the following services:
* Disclosure Wire Service and Website Posting - news releases are transmitted to disclosure media, newspapers, online services and financial databases, and simultaneously posted to the appropriate section of a company's Website -- a site managed and hosted by PrimeZone
* SEC Filings - All filings submitted to the EDGAR database are posted in real-time on the company's Website
* Email Alerts - Registered Website visitors automatically receive news release and/or SEC filing alerts via email. These alerts can also be made available via fax
* EDGAR 8-K Filing - Optionally, material news releases can be filed to the SEC's EDGAR database on Form 8-K ("Current Report") using PrimeZone's real-time filing service.
The Disclosure Now service can also include:
* Stock Quotes - Add stock quotes as well as interactive, historical stock charts to the IR section of a company Website
* Customized Website - SEC filing and news release Web pages are designed to maintain the look and feel of a company's own Website
"The company Website has become an integral part of the disclosure process," said Madden. "With Disclosure Now, our clients can focus on reporting material events through the issuance of a press release, knowing that the release will, automatically, be posted on the company Website, filed with EDGAR and sent via email to interested parties -- all with one vendor."
About PrimeZone Media Network
PrimeZone is a news release distribution service which helps hundreds of publicly traded companies throughout the globe satisfy disclosure requirements. In addition to disclosure media, such as Dow Jones, Reuters, AP, UPI, Bloomberg and others, PrimeZone's satellite-based electronic network also reaches 4,000 daily newspapers and wire services; more than 2,000 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 analyst services like Bloomberg, ILX and others.
Founded in 1998 by industry veterans, PrimeZone has one simple business mission: the timely, cost-efficient delivery of news and information to the nation's news and financial media, using the most advanced technology available.
About EDGAR
EDGAR, the Electronic Data Gathering, Analysis and Retrieval system, performs automated collection, validation, indexing, acceptance and forwarding of submissions by companies and others who are required by law to file forms with the U.S. Securities and Exchange Commission (SEC). Its primary purpose is to increase the efficiency and fairness of the securities market for the benefit of investors, corporations and the economy by accelerating the receipt, acceptance, dissemination and analysis of time-sensitive corporate information filed with the agency.