XBRL International Appoints Gilles Maguet as Secretary General Of XBRL Europe

XBRL International, Inc. (www.xbrl.org) announced today that Gilles Maguet has been appointed Secretary General of XBRL Europe and will report jointly to the Executive Committee of XBRL Europe and to Anthony Fragnito, CEO XBRL International. In this newly created position, Mr. Maguet will lead the organization´s efforts in Europe to promote adoption of XBRL and interactive data for business reporting.

"An important part of Gilles´ focus will be to facilitate the continued adoption of XBRL within the EU through enhanced coordination and communication between existing jurisdictions and projects, He will work to ensure the standardization of solutions and educate investors, analysts, regulators and companies about the benefits of XBRL," said Anthony Fragnito, CPA, CEO of XBRL International. "This work is becoming increasingly important as XBRL based solutions are implemented in the region and broad projects are being proposed by European regulators."

Gilles comes to XBRL International from XBRL France where he served as part–time Secretary General for the past three years helping to move XBRL forward in France. During his tenure as Secretary General of XBRL France the jurisdiction has played an active role in the success of key European XBRL projects centered around the Basel II and IFRS initiatives within the framework of the Committee of European Banking Supervisors (CEBS). In May, 2007, XBRL–France became an official jurisdiction of XBRL International, Inc.

"Gilles brings a wealth of XBRL experience, having played a pivotal role in "XBRL In Europe," the project funded by the European Commission between 2004 and 2006. More recently Gilles has been instrumental in the development and management of XBRL France," said Conor O´Kelly, Vice Chair of XBRL International.

We´re excited he has joined the organization and look forward to his guidance in helping us meet our future goals in Europe."

In related news, XBRL International applauded both the European Parliament and United States Securities & Exchange Commission efforts to support further adoption of XBRL.

On May 21, 2008 the European Parliament agreed that the European Commission should move forward to support the introduction and adoption of XBRL for EU regulatory filings and business reporting.

On May 14, 2008 the US Securities and Exchange Commission´s announced a proposed rule that will require public companies in the United States to submit their financial statements in interactive date (XBRL) to the SEC EDGAR System.

"We applaud the European Parliament and the US SEC in their efforts to support adoption of XBRL. XBRL represents a revolution in the way companies gather, prepare and report business information to be used for decision making by regulators, analysts and investors worldwide," said Anthony Fragnito. "Companies of all types and sizes can use XBRL to reduce costs and streamline their processes for collecting and reporting business information both internally and externally, which dramatically improves efficiencies, transparency and ultimately decreases regulatory burden for both companies and regulators."

The governments of Australia, Belgium, Canada, China, Denmark, France, Germany, India, Israel, Japan, Korea, Netherlands, Norway, Singapore, Spain, Sweden, Thailand, United Kingdom, United States have regulatory mandates or have voluntary filing program for business reporting using XBRL to promote investor transparency and improved corporate governance.

XBRL International now includes 23 jurisdictions in Europe, Asia, Middle East, North and South America and Australia.

About XBRL International, Inc.

XBRL International, Inc (XII) is a global consortium using a cooperative effort to create a common interactive data solution based on XML. XBRL is being developed and promoted by an international not–for–profit consortium of more than 550 major international companies, organizations and government agencies. For more information about XBRL, please visit www.xbrl.org.