Business Wire Joint Venture, CoreFiling, Provided Infrastructure for Groundbreaking US GAAP Taxonomy Project That Will Facilitate Corporate America's Adoption of Interactive Data

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Business Wire, a leader in advancing global disclosure solutions
for nearly a half-century, announced Wednesday that its joint venture,
CoreFiling, played a key role in the US GAAP XBRL taxonomy project,
hailed by SEC Chairman Christopher Cox last week as a significant
breakthrough that will likely hasten Corporate America's adoption of
interactive data.

Business Wire, a longstanding member of the XBRL International
Consortium, has echoed Chairman Cox in championing the benefits of
XBRL to its various constituencies. To help financial communicators
with the technical transition to XBRL, Business Wire formed CoreFiling
as a joint venture with UK-based DecisionSoft. CoreFiling has since
introduced many XBRL turnkey solutions for investor relations
professionals, in addition to offering a suite of consulting services.

The ground-breaking US taxonomy announced by Chairman Cox at a
recent press conference was built using CoreFiling's infrastructure,
taking advantage of the company's proprietary "SpiderMonkey"
technology and expert XBRL modeling services.

The complex tagging project, which focused on the development of
an XBRL taxonomy for US GAAP accounting standards, involved a team of
some 50 highly-qualified accounting specialists together with
supporting infrastructure and systems, making heavy use of systems and
support services provided by CoreFiling, the market leader in
government-level data modelling.

CoreFiling provided software, hardware, technical services and
modeling support for the creation of the US GAAP taxonomy.
CoreFiling's SpiderMonkey, the world's only true multi-user taxonomy
editor, was the key product used for development and maintenance of
the US GAAP taxonomy.

About Business Wire

Business Wire, a Berkshire Hathaway company, is utilized by
thousands of member companies and organizations to transmit their
full-text news releases, regulatory filings, photos and other
multimedia content to journalists, news media, trade publications,
institutional and individual investors, financial
information services, regulatory authorities, Internet portals,
information web sites, business-to-business decision-makers and
consumers worldwide. With a news distribution network spanning 150
countries and 45 languages, Business Wire's multi-channel delivery
network has access to some 60 international and national news agency
networks throughout the Americas, Europe, Asia, the Middle East and
Africa.

The Business Wire news network is powered by its patented
NX high-speed data platform and supports XML, XHTML and XBRL code to
deliver the most sophisticated news file to enhance news release
interactivity, customization and search engine optimization. Business
Wire has 30 bureaus in cities including New York, San Francisco, Los
Angeles, Chicago, Boston, Miami, Paris, Frankfurt, London, Brussels,
Tokyo and Sydney with reciprocal offices throughout the world.
Business Wire was founded in 1961 by Chairman Lorry I. Lokey, veteran
journalist and public relations executive. Cathy Baron Tamraz is
president and CEO.

About CoreFiling

CoreFiling provides XBRL and XML-based solutions and services for
streamlining online financial reporting. The company incorporates the
engineering expertise of DecisionSoft, a firm well-known world-wide
for its expertise in data-modelling and validation. CoreFiling offers
a range of XBRL products and consulting skills, from taxonomy design
and benchmark-quality XBRL processing, to data workflow enhancement
and instance document processing. CoreFiling is privately held. Its
shareholders include Business Wire, the global leader in financial
news distribution, a wholly-owned subsidiary of Berkshire Hathaway.

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