NEW YORK , May 14 /PRNewswire-FirstCall/ -- EDGAR Online, Inc. (Nasdaq: EDGR) and RR Donnelley (NYSE: RRD) announced their support for the SEC proposed rule made public today that will require SEC filing companies to submit their financial statements in eXtensible Business Reporting Language (XBRL) to the SEC EDGAR system.

'As an organization that is keenly aware of the value that XBRL brings to the capital markets, we applaud the SEC proposed rule to phase in XBRL-tagged filings over the next three years,' said Philip Moyer, CEO and President of EDGAR Online. 'XBRL is no longer a future technology -- it is here now. XBRL serves as the backbone of our data and subscription services and we deliver the world's largest database of XBRL tagged company financials to our clients every day. Through our XBRL filing solution with RR Donnelley, we are proud to demonstrate that companies can reliably provide the transparency that the investing community seeks without spending hundreds of hours and tens of thousands of dollars deciphering a new technology standard.'

RR Donnelley and EDGAR Online have collaborated to deliver XBRL filing solutions to corporations since 2005. Both companies are members of the XBRL consortium and have a long history of support for the XBRL standard. RR Donnelley offers the market-leading solution for XBRL filings that leverages EDGAR Online's premier XBRL data creation, processing and distribution solutions.

In March, RR Donnelley and EDGAR Online launched TryXBRL.com, the world's first public web site that allows access to view and analyze complete XBRL-tagged financial statements for over 12,000 publicly-traded corporations.

TryXBRL.com benefits anyone interested in learning about XBRL as applied to real-world financial statements. Corporate finance professionals exploring filing in XBRL with the SEC can educate themselves about the process and view their own historical financial information in a XBRL format. Investors and analysts can experience firsthand how XBRL reduces the complexity and costs associated with analyzing performance data.

'Now any company interested in learning about or filing in XBRL has an opportunity to see their past financials tagged in XBRL and take advantage of a cost effective conversion and filing service' said Tom Juhase, President of RR Donnelley's Financial Services group. 'Our solution enables companies to begin filing XBRL content with the SEC in as little as a few hours.'

About RR Donnelley

RR Donnelley is the world's premier full-service provider of print and related services, including business process outsourcing. Founded more than 140 years ago, the company provides solutions in commercial printing, direct mail, financial printing, print fulfillment, labels, forms, logistics, call centers, transactional print-and-mail, print management, online services, digital photography, color services, and content and database management to customers in the publishing, healthcare, advertising, retail, technology, financial services and many other industries. The largest companies in the world and others rely on RR Donnelley's scale, scope and insight through a comprehensive range of online tools, variable printing services and market-specific solutions. For more information, visit the company's web site at www.rrdonnelley.com .

About EDGAR(R) Online, Inc.

EDGAR Online, Inc., www.edgar-online.com , is a leading provider of value-added business and financial information on global companies to financial, corporate and advisory professionals. The Company makes information and a variety of analysis tools available via online subscriptions and licensing agreements to a large user base.

Use of Forward-Looking Statements

This press release may contain 'forward-looking statements' as defined in the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date of this press release and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. Readers are strongly encouraged to read the full cautionary statements contained in EDGAR Online's filings with the SEC. EDGAR Online disclaims any obligation to update or revise any forward-looking statements

EDGAR(R) is a federally registered trademark of the U.S. Securities and Exchange Commission. EDGAR Online is not affiliated with or approved by the U.S. Securities and Exchange Commission.

SOURCE EDGAR Online, Inc.