PR Newswire to Acquire Fastest Growing EDGAR Filing Firm, Vintage Filings, LLC

PR Newswire to Acquire Fastest Growing EDGAR Filing Firm, Vintage Filings, LLC

April 19, 2007

Combination to satisfy growing demand for seamless
coordination of press release distribution and regulatory
filings


    NEW YORK, April 19 /Xinhua-PRNewswire/ -- PR Newswire,
the global leader in commercial news distribution,
announced today its acquisition of Vintage Filings, LLC,
one of the leading and fastest growing EDGAR filing
companies in the United States.

    To view the Multimedia News Release, go to:
http://www.prnewswire.com/mnr/prnewswire/27531/

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    Vintage Filings, headquartered in New York, will become
a division of PR Newswire and will continue to be led by
Chief Executive Officer Shai Stern and President Seth
Farbman. Vintage Filings will facilitate all electronic
financial filings for PR Newswire's EDGAR Express
customers.

    "Vintage Filings is a valued and trusted resource
for the Fortune 500, mid-size and small cap public
companies, and investment banking firms it serves, and is
well known for providing superior and unmatched customer
service around the clock, at highly competitive
prices," said Charles Gregson, chief executive
officer, PR Newswire. "Electronic and simultaneous
delivery of information to all audiences -- the media,
investors both institutional and retail, as well as
regulatory organizations -- is increasingly important.
Together, we will deliver all of these things."

    From distributing press releases, hosting webcasts and
creating and disseminating XBRL documents to filing
regulatory EDGAR documents with the U.S. Securities and
Exchange Commission and providing financial printing
services, PR Newswire can help public companies comply with
all facets of disclosure.

    Shai Stern, chief executive officer of Vintage Filings,
said, "We are extremely pleased to join the PR Newswire
family. With the largest distribution network to media and
an unparalleled reach to investors, bolstered by an
exclusive channel on Thomson Financial's First Call
Network, PR Newswire will offer our customers the greatest
opportunity for their financial news to reach critical
audiences, wherever they are."

    Vintage Filings' President Seth Farbman stated,
"We look forward to bringing our EDGAR, typesetting
and financial printing experience and value to the PR
Newswire family. Public companies will surely benefit from
our combined expertise in electronic filing and
simultaneous news distribution and webcasting
services."

    The SEC created EDGAR -- an acronym for Electronic
Data-Gathering, Analysis and Retrieval -- in 1993 and
recently embarked on a $50 million upgrade of the web-based
system in preparation for an expected upsurge in
corporations furnishing interactive data. For its part, PR
Newswire has been an active participant in a not-for-profit
coalition, XBRL-U.S., working closely with the SEC on the
development of a new interactive data standard known as
eXtensible business reporting language (XBRL), an XML-based
standard that permits the automatic exchange and reliable
extraction of financial and business information across all
software formats and technologies.

    "The acquisition of Vintage Filings was a natural
outgrowth of the convergence of news dissemination,
regulatory filings and interactive data," said Ira
Krawitz, PR Newswire's newly appointed senior vice
president of Investor Relations Services. "Together,
PR Newswire and Vintage Filings will be able to offer
public companies a one-stop-shop for all their disclosure
and regulatory needs."

    Vintage Filings, LLC is a five-year old company with 65
full-time employees working at offices in New York, Los
Angeles, and San Francisco. The company provides
full-service filing capabilities, typesetting and financial
printing to more than 1,000 public companies, mutual funds,
investment management firms, law firms and individuals
around the world, assisting them in meeting the EDGAR
filing requirements of the SEC.

    PR Newswire is recognized as an established, secure
means for listed companies around the world to meet
disclosure regulations. The company and its subsidiaries
are employed by thousands of corporations in the United
States, Canada, United Kingdom, Germany, France, The
Netherlands, Ireland, Switzerland, China, Brazil and dozens
of additional nations. In January, PR Newswire launched its
TOD Wire, a service that facilitates listed companies'
compliance with the new regulations required under the
European Union's Transparency Obligations Directive (TOD),
while also helping them satisfy best practices in
communicating with institutional and retail investors
across the EU. Additionally, PR Newswire provides news
distribution services for companies throughout Asia, Latin
America and the Middle East. PR Newswire also plays a
critical role in educating the corporate, investor and
regulatory communities around the world on issues of
disclosure and transparency.

    About PR Newswire

    PR Newswire Association LLC ( http://www.prnewswire.com
) provides electronic distribution, targeting, measurement
and broadcast services on behalf of tens of thousands of
corporate, government, association, labor, non-profit, and
other customers worldwide. Using PR Newswire, these
organizations reach a variety of critical audiences
including the news media, the investment community,
government decision-makers, and the general public with
their up-to-the-minute, full-text news developments.

    Established in 1954, PR Newswire has offices in 11
countries and routinely sends its customers' news to
outlets in 135 countries and in more than 40 languages.
Utilizing the latest in communications technology, PR
Newswire content is considered a mainstay among news
reporters, investors and individuals who seek breaking news
from the source. PR Newswire's leading services include
ProfNet Experts(SM), eWatch(TM), MEDIAtlas(TM), Search
Engine Optimization, MediaRoom, MediaSense(TM), MultiVu(TM)
and U.S. Newswire, the preeminent policy newswire in the
industry. PR Newswire is a subsidiary of United Business
Media plc of London.


    For more information, please contact:

     Rachel Meranus, Vice President
     Public Relations, 
     PR Newswire
     Tel:    [phone]
     Email:  [e-mail]