PR Newswire will host a panel discussion on XBRL and the Securities & Exchange Commission's (SEC) voluntary filing program, on June 22 in New York City. Attendees are invited to participate in-person or via a live webcast.

(Logo: http://www.newscom.com/cgi-bin/prnh/20000306/PRNLOGO )

The SEC's voluntary filing program was launched to assess the benefits of XBRL and the outcome could result in the adoption of XBRL as a standard format for the EDGAR database. To provide an understanding of the impact of XBRL on financial reporting and to explain how it will benefit analysts and portfolio managers and ultimately the capital markets, PR Newswire is hosting this free panel session.

  Panelists:
  * Campbell Pryde, Executive Director, Morgan Stanley
  * Wayne Harding, CPA; Vice President, Business Development, Rivet Software
  * Daniel Roberts, National Director of Assurance Innovation, Grant
    Thornton LLP; Vice-Chair US Adoption, XBRL-US; Chair, International
    Accounting Supply Chain
  * Liv Watson, Vice President of XBRL, EDGAR Online, Inc

  Moderator:
  * Michelle Savage, Vice President, Investor Relations Services,
    PR Newswire

  When:
  June 22, 2005
  8:00 a.m. - 8:30 a.m. - Registration/Breakfast
  8:30 a.m. - 10:00 a.m. - Panel session

  Where
  The Penn Club of New York
  30 West 44th Street
  New York, NY
  Continental breakfast will be served.

To attend the event in-person on June 22, please R.S.V.P to allison.shea@prnewswire.com

If you wish to view the live webcast, Simply log on to the web at http://www.videonewswire.com/event.asp?id=29339 to pre-register and return to this page on the morning of the event.

What is XBRL?

XBRL, eXtensible Business Reporting Language, is an XML-based standard that permits the automatic exchange and reliable extraction of business and financial information across all software formats and technologies, reducing the need to enter that information more than once -- saving time and reducing errors. It is designed to help public companies be more transparent to their stakeholders.

Minimum Requirements to listen to broadcast:

The Windows Media Player software, downloadable free from http://www.microsoft.com/windows/windowsmedia/EN/default.asp and at least a 28.8Kbps connection to the Internet. If you experience problems listening to the broadcast, send an E-mail to: webcast@multivu.com.

About PR Newswire

Now in its 51st year, PR Newswire Association LLC (http://www.prnewswire.com) provides electronic distribution, targeting, measurement, translation and broadcast services on behalf of some 40,000 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 30 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™, MEDIAtlas™, NewsPrompt™, Search Engine Visibility (SEV), MediaRoom and MultiVu™. PR Newswire is a subsidiary of United Business Media plc of London.

CONTACT: Rachel (Asche) Meranus, Director of Public Relations, PR Newswire, 212.282.1929 or rachel.meranus@prnewswire.com.

SOURCE: PR Newswire