EDGAR Online, OTC Markets Group Launch New OTC Financials Data Service

NEW YORK, June 11, 2012 /PRNewswire/ -- EDGAR® Online, Inc. (NASDAQ: EDGR), a premier provider of fundamental financial data, analytics and disclosure management services, and OTC Markets Group (OTCQX: OTCM), the financial information and technology services company that operates the world's largest Open, Transparent and Connected marketplace platform, today launched a new OTC Financials Data service. The OTC Financials Data service will distribute, in XBRL and other easily consumable formats, historical financial report data from the more than 800 OTC companies providing disclosure via OTC Markets Group's Disclosure and News Service.  The OTC Financials Data service will increase visibility and transparency for investor-focused OTC companies by making it easy for investors to extract, assess, and analyze OTC-traded company financial data.

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The partnership enables investors and issuers to consume and manipulate financial data provided by OTC-traded companies, including those not required to file their disclosure with the Securities and Exchange Commission (SEC).  With EDGAR Online's expertise in providing innovative financial data services and OTC Markets Group's expansive community of investor-friendly OTC companies, the two companies hope to fill a need in the marketplace by offering a better, faster and smarter data service for OTC investors.

Matt Fuchs, Managing Director – Market Data & Strategy of OTC Markets Group, said, "Providing investors with access to fundamental data for companies using our Disclosure Service underscores our commitment to providing a more transparent OTC marketplace for investors.  By distributing this information with EDGAR Online and their partners in XBRL and other consumable formats, we ensure that institutional investors, market participants, retail investors and corporations have access to the financial data they need to make informed decisions when analyzing and valuing OTC securities."

EDGAR Online will provide the dataset through its I-Metrix Pro platform, via web service (XBRL format), and through relationships it has established with authorized financial data platforms such as S&P Capital IQ. Additionally, the data will be available through the OTC Markets Group website and Yahoo! Finance, where it will be accessible via the individual company quote pages.

"Leveraging almost twenty years of expertise in creating, collecting and consuming data, we are expanding the universe of information on publicly traded companies and allowing investors to better govern their investment decisions and manage their risk within the market," said David A. Frankel, Chief Marketing Officer of EDGAR Online. "We look forward to continuing to expand our partnership with OTC Markets in the future. Together, we expect to increase data access points and build out the historical information to allow for ratios and back-testing to identify new investment opportunities."

About EDGAR®Online, Inc.

EDGAR®Online (NASDAQ: EDGR) provides financial data, analytics and disclosure management solutions to help corporations and institutional investors facilitate compliance and management of regulatory disclosure filings. In addition to developing a variety of unique as-reported and normalized data sets, EDGAR Online is an industry leader in XBRL (eXtensible Business Reporting Language) processing. Thousands use the company's solutions, including U.S. public companies, mutual funds, leading financial analysts and institutional investors, as well as global regulators such as the FDIC, Banque de France and the U.S. Securities and Exchange Commission. The company delivers its solutions, including ActiveXBRL software solutions, through an extensive network of partners, including Business Wire, LexisNexis®, NASDAQ OMX, Oracle, PR Newswire, RR Donnelley and SAP. To learn more about EDGAR Online, visit www.edgr.com.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest Open, Transparent and Connected financial marketplace platform, delivering price transparency in almost 10,000 OTC securities.  The OTC Link® ATS directly links broker-dealers that provide liquidity and execution services.  We organize the wide spectrum of OTC-traded securities into three marketplaces to inform investors of opportunities and risks – OTCQX® - The Intelligent Marketplace for the Best OTC Companies; OTCQB® - The Venture Marketplace; and OTC Pink® - The Open Marketplace.  Our financial marketplace platform enables smarter trading through any broker at the best possible price, and empowers companies to improve the quality and availability of information for their investors.  To learn more about our Open, Transparent and Connected financial marketplaces, visit www.otcmarkets.com.  

OTC Link ATS operated by OTC Link LLC, member FINRA/SIPC and SEC registered ATS.

SOURCE OTC Markets Group Inc.

Copyright 2012 PR Newswire