Business Wire, Europe's pre-eminent regulatory disclosure service
provider, today announced the launch of electronic compliance networks
in Finland and Denmark, bringing to 11 the number of markets where it
is capable of meeting national disclosure obligations.
Business Wire has moved aggressively to set up discrete disclosure
networks in key financial markets since the European Union's
implementation of the Transparency Obligations Directive ("TOD") in
January 2007. The TOD seeks to create harmonized pan-European
disclosure standards throughout the EU's 27 Member States.
In addition to the new Nordic markets, Business Wire is either
officially sanctioned by local securities regulators, or meets
statutory requirements, in the following EU markets: Belgium, France,
Germany, Ireland, Luxembourg, Sweden, The Netherlands, and The United
Kingdom. Business Wire also meets disclosure in Switzerland, a non
EU-member.
The Scandinavian expansion reflects Business Wire's strategic
commitment to provide public companies in Europe with country-specific
disclosure options. Business Wire operates more disclosure networks
globally than any other service provider.
Business Wire's patented news delivery platform, "NX," allows for
simultaneous, real-time delivery of multilingual copy, enabling
inter-listed companies to disclose price-sensitive information to
investors in multiple jurisdictions.
The market response to Business Wire's value-oriented disclosure
initiative has been enthusiastic. In France, for example, Business
Wire is approaching 40 percent of the CAC 40 companies.
"Our strong local office presence, particularly in London, Paris
and Frankfurt, coupled with our unique 'best practices' wire
distribution network reaching pan-European media, has strong appeal to
European companies seeking to comply with the spirit and intent of the
Transparency Directive," said Michael Becker, Business Wire's vice
president, global disclosure. "Business Wire's privileged
relationships with key news providers and comprehensive online reach
have proven to be key points of differentiation in a very competitive
marketplace."
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.
