Version 1.0 of Q4 Press was recently released based on all of the feedback that we have been receiving from the beta participants.  As part of releasing version 1.0 we’ve also launched a dedicated site for Q4 Press at www.q4press.com

As part of the launch we’re also offering a 30 day free trial. Just click on the Sign-up now to get things started.  Thanks to all of you who’ve been working with us during the beta of Q4 Press. We couldn’t have done it without you!
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Improving Disclosure Controls and Procedures
In our discussions with North American issuers over the past 12 months, we have noticed a consistent and increasing trend in their desire to improve their disclosure controls and procedures. In addition to streamlining processes, a key objective is improving the results of CEO/CFO certification under SOX 302 or in Canada, MI 52-109.
Disclosure controls and procedures (DC&P) include, but are not limited to the information processes designed by companies to ensure that material information is accumulated and communicated to management, including certifying officers, as appropriate to …

Recently Sentry Select went live on the new Fund edition version of Q4 Web. 
Q4 Fund Edition supports unlimited product management including: mutual funds, capital units, preferred securities, income trusts, limited partnerships, deposit notes and more. Each of these products has unlimited configurations including: management, performance, distributions, portfolio holdings, prospectuses, press releases, historical NAVs, historical closing prices, regulatory reporting, distribution history, tax information and more.

Sentry Select, a Canadian wealth management company that manages over $8 billion in gross assets, is the first company to adopt the Q4 Fund Edition as its …

Last Thursday the SEC Chairmen Christopher Cox announced that the combined market capitalization of companies submitting interactive data financial reports to the SEC has surpassed $2 trillion. 7 companies have joined over the last 3 months bringing the total voluntary group to just 40.
“The continued positive feedback from our enthusiastic group of test filers means that interactive disclosure is well on its way to becoming reality,” said Chairman Cox. “Investors in the future will have instant, user-friendly access to company disclosures that are far more accurate than anything that is …

Being an on-demand software company we are committed to providing the tools and services that help our clients achieve their goals as they relate to their web sites, disclosure and compliance. Having said that, Q4 WEB provides a long list of benefits for issuers outside of its ability to help clients reduce compliance risk. Here is a list of top 10 non-compliance benefits:
1. Complete flexibility
Q4 WEB provides the ability to easily manage all aspects of your web site. This includes easily updating how information is presented on your site, where it …

Through our expanding data relationships we are now able to offer data across the majority of European exchanges. With an increasing number of our clients trading in European markets we are pleased to be able to offer this expanded set of data.
Outside of North American exchanges we can now provide:
- London Stock Exchange (including AIM) 
- Euronext Exchanges – Paris, Amsterdam, Brussels, Lisbon
- Borsa Italiana
- Deutsche Borse
- Swiss Exchange
- RTS – Russian Trading System Stock Exchange
- MICEX – Moscow Interbank Currency Exchange
- Athens Stock Exchange
- Virt-X
- Irish Stock Exchange
- Stockholm
- Oslo
- …

As part of our ongoing effort to improve and upgrade our infrastructure I’m pleased to announce that the new Q4 data center is now fully redundant and SAS 70 TYPE II certified.
SAS 70 is an internationally recognized auditing standard developed by the American Institute of Certified Public Accountants. Our data center’s SAS 70 certification enables us to further our expansion into the enterprise market by delivering certification of the controls needed for Sarbanes-Oxley compliance.
This certification deals with the controls related to service delivery, operations, infrastructure maintenance, change management, backup of …

Last week BFI Income Fund (TSX: BFC.UN) went live on Q4 WEB. We’re thrilled to add BFI to our growing list of clients looking to increase the efficiency of managing their corporate web site disclosure.
“We are very excited to be using Q4’s content and disclosure management system to easily manage and control changes to our corporate website,” stated Chaya Cooperberg, Director, Investor Relations and Corporate Communications for BFI Canada Income Fund.  “In today’s regulatory environment, it is very advantageous and reassuring that the system automatically tracks and logs all changes …

Yesterday the CSA formally launched their XBRL voluntary filing program that was announced back in January. Here’s the press release from OSC’s web site.  
Toronto – The Canadian Securities Administrators (CSA) announced today the launch of the eXtensible Business Reporting Language (XBRL) voluntary filing program. The voluntary program will help the Canadian marketplace gain practical knowledge and experience preparing and using financial statements in XBRL format.
XBRL is an emerging business reporting language designed to make it easier for investors and analysts to quickly access data and analyze information from a greater number …

According to the Financial Times, Christopher Cox announced yesterday that the SEC is going to formalize a new rule to require all companies to report financial information in XBRL.
This is not surprising, especially considering the consistent messages we’ve been hearing from Cox regarding the benefits of interactive data (aka XBRL) it seemed just a matter of time until it was to be mandated. As of today there’s been no mentioned about when this rule will be put in place and it’s not formally listed on the SEC web site.
Cox said …