ORLANDO, Fla.–(BUSINESS WIRE)–June 9, 2003–
NYSSA, EDGAR Online, Computershare and The Deal Among Organizations Promoting Open Communications to Drive Shareholder Confidence
Shareholder.com, a leader in investor communications, announced that the New York Society of Securities Analysts (NYSSA), EDGAR(R) Online(R), Inc., Computershare Analytics, The Deal and other leading investor organizations are all participants in OpenCompany.info, further expanding the corporate disclosure network to every facet of the investment community. OpenCompany is a corporate disclosure network that provides earnings guidance and conference call and event information for over 6,000 publicly-traded companies to the investment community, and is open to institutional and individual investors at www.opencompany.info and on participant portals and websites.
“Our members are committed to the free flow of investor information and to rebuilding investor confidence in the markets,” said Tom Phillips, NYSSA CEO. “We’re pleased to offer them access to the OpenCompany resource as an important tool in that effort. OpenCompany has brought together Wall Street, Main Street and public corporations with a timely commitment to transparency in investor information. This service is a great benefit for our members.”
OpenCompany was developed to give individual investors the same access to earnings and event information that institutional investors receive from closed, proprietary networks. OpenCompany also permits these public companies to publicly disclose and manage their own financial data and content. Companies can post their own earnings estimates, conference call synopses, updated company profiles and other information to regain control over how they are perceived in the marketplace and become less reliant on third-party aggregators.
The new participants in OpenCompany include:
— NYSSA: A not-for-profit educational organization with over
8,700 members, the New York Society of Security Analysts
(NYSSA) is committed to the education, inspiration and
advancement of investment professionals. NYSSA is the largest
of the more than 115 societies across the United States and
worldwide that comprise the Association for Investment
Management and Research(R) (AIMR(R)), which has nearly 58,000
members. NYSSA’s objectives are to provide the premier forum
for the exchange of information among investment
professionals, corporate management and the investing public;
maintain a continuing education program; and encourage high
standards of ethics and professional conduct, integrity and
professionalism.
— EDGAR Online: EDGAR Online, Inc. (www.edgar-online.com) is a
leader in the business information industry, specializing in
the extraction, packaging and distribution of public company
information contained in SEC filings. Based in Norwalk,
Connecticut, with offices in Maryland and New York City, the
company sells subscription products, data and services to
financial institutions, corporations and law firms.
— Computershare: Computershare (ASX: CPU) is a leading financial
services and technology provider for the global securities
industry, providing services and solutions to listed
companies, investors, employees, exchanges and other financial
institutions. It is the largest and only global transfer
agent, managing more than 68 million shareholder accounts for
over 7,500 corporations in ten countries on five continents.
It also provides sophisticated trading technology to financial
markets in fourteen countries across each major time zone.
Additional information may be found at www.computershare.com
— The Deal: The Deal, LLC is the leading media company charting
the deal economy for dealmakers worldwide. The company
provides original news reporting, financial data and
commentary on a full spectrum of global transactions and the
personalities and politics of dealmakers behind the deals.
Through The Daily Deal and TheDeal.com, as well as
e-newsletters, newsletters and special reports, The Deal, LLC
addresses the information needs of the deal community composed
of corporate executives, entrepreneurs, institutional
investors, financial intermediaries and advisers. Investors in
The Deal, LLC, a privately held company, include majority
owner U.S. Equity Partners, a private investment fund
sponsored by Wasserstein & Co., LP, and Rustic Canyon
Ventures, one of the largest venture capital funds in Southern
California.
Additional new participants include AFGView, Econoday, FinancialContent, Premiere Teleconferencing and QuoteMedia.
“We’ve long maintained that companies should control their own earnings estimates and guidance, and OpenCompany is a new gateway for them to extend their transparency and credibility,” said Ron Gruner, President of Shareholder.com and architect of OpenCompany. “Today, it’s more important than ever that there are no barriers between companies and their investors.”
About Shareholder.com
Shareholder.com has 11 years of experience facilitating communications and increasing transparency among public companies, their shareholders and the investment community. The company has a comprehensive suite of corporate governance solutions and investor relations (IR) services that help its clients raise shareholder value and optimize their IR strategies. Shareholder.com’s secure solutions include audio/video Webcasts for earnings and annual meetings, customized IR Web sites, institutional targeting tools, dynamic financial documents and global fulfillment services. Over 750 companies around the world, including Coca-Cola Enterprises, Hewlett-Packard, Hudson’s Bay Co., IBM, Legal & General, Merrill Lynch, Microsoft, Procter & Gamble, Prudential Financial and Yahoo! rely on Shareholder.com for vital communications with the investment community. Shareholder.com holds itself to the highest of corporate ethics and the company, based in Maynard, Mass., has offices in Amsterdam, London and San Francisco, has been profitable for over nine years and is privately held. For more information, please visit www.shareholder.com.
