NEW YORK, Dec. 17 /PRNewswire-FirstCall/ -- EDGAR(R) Online, Inc. (NASDAQ: EDGR) and RR Donnelley (NYSE: RRD) announced their support for the SEC's final rule made public today that will phase in requirements for SEC filing companies and mutual funds to submit financial statements in eXtensible Business Reporting Language (XBRL).

"With this vote today the SEC moved financial transparency in the United States from analog to digital. The SEC was created in 1934 in the face of the depression and one of its first acts was to require companies to report to their shareholders. With the markets today in need of increased transparency, we believe this vote is as significant to 21st century investors as that first vote was to the early public market participants," said Philip Moyer, President and CEO of EDGAR Online.

"As mentioned by Chairman Cox in his comments today, EDGAR Online has been a significant public advocate of XBRL and its potential to help rebuild investor confidence across all asset classes including equities, mutual funds and asset-backed securities," Moyer added. "XBRL already serves as the backbone of our business and the announcement today solidifies our direction. We deliver a number of XBRL data products and solutions including XBRL enabled financial data and tools, and through our relationship with RR Donnelley, have the top XBRL conversion and filing solution for companies that have participated in the SEC's XBRL Voluntary Filing Program."

"XBRL provides public companies a new way to promote greater transparency in the capital markets by using a global data standard that millions of investors and analysts can access," said Tom Juhase, President of RR Donnelley's Financial Services offering. "Our solution with EDGAR Online enables companies to file XBRL content with the SEC in as little as a few hours through a very cost-effective, benefits-driven solution."

RR Donnelley and EDGAR Online have collaborated to deliver XBRL filing solutions to corporations since 2005 and are the industry leaders providing this service. Both companies are members of the XBRL consortium and have a long history of supporting the XBRL standard. RR Donnelley's leading EZ Start XBRL solution leverages EDGAR Online's premier XBRL data creation and processing technology.

About RR Donnelley

R.R. Donnelley (NYSE: RRD) is the world's premier full-service provider of print and related services, including document-based business process outsourcing. Founded more than 144 years ago, the company provides solutions in commercial printing, direct mail, financial printing, print fulfillment, forms and labels, logistics, call centers, transactional print-and-mail, print management, online services, digital photography, color services, and content and database management to customers in the publishing, healthcare, advertising, retail, technology, financial services and many other industries. The largest companies in the world and others rely on RR Donnelley's scale, scope and insight through a comprehensive range of online tools, variable printing services and market-specific solutions. For more information, visit the company's web site at www.rrdonnelley.com.

About EDGAR Online, Inc.

EDGAR Online, Inc. (NASDAQ: EDGR) is a leader in the distribution of company data and public filings for equities, mutual funds and a variety of other publicly traded assets. We deliver our information products directly to end users via online subscriptions and data licenses, and to redistributors who embed our content in their own and their clients' Web sites.

Our proprietary automated systems allow for the rapid conversion of data and we are a pioneer and leader in the global financial reporting standard - eXtensible Business Reporting Language, otherwise known as XBRL. We use our automated processing platform and our expertise in XBRL to produce both datasets and tools and to assist organizations with the creation, management and distribution of XBRL financial reports. For more detailed information on all of our businesses or to contact us please visit our Web site at www.edgar-online.com.

Use of Forward-Looking Statements

This press release may contain "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date of this press release and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. Readers are strongly encouraged to read the full cautionary statements contained in EDGAR Online's filings with the SEC. EDGAR Online disclaims any obligation to update or revise any forward-looking statements.

EDGAR(R) is a federally registered trademark of the U.S. Securities and Exchange Commission. EDGAR Online is not affiliated with or approved by the U.S. Securities and Exchange Commission.

SOURCE EDGAR Online, Inc.