 |
 |
 |
||||||
 |
 |
 |
 |
 |
 |
 |
 |
 |
|
PR Newswire has been a disclosure point in North America since 1954. Our experience, developed over 50 years, has given us an in-depth knowledge of disclosure processes and the critical role that price sensitive news plays in achieving orderly markets. We drew on this experience when planning for our PIP status in the UK. PR Newswire was a founder member of the FSA committee, Information Dissemination Advisory Group formed in March 2000. PR Newswire has played an active role in the work of the committee, helping to create a more effective process for news to reach the markets. In March 2001, in response to customers demand, PR Newswire launched their first "Disclose" service which offered a quick and easy way for clients to upload price sensitive announcements to the market. Disclose was the earliest 'web upload' facility available, and allowed customers to outsource the processing of news to ascii standards for subsequent mandatory submission to the CAO and the RNS. "Disclose" has been used on behalf of a large number of UK companies, including many of the FTSE 100 companies. This has given PR Newswire a significant amount of experience of disclosure within the UK, unique among alternatives to the RNS. In order to comply with the requirements of the Financial Services Authority and PS 92, we have fundamentally redesigned the "Disclose" upload mechanism workflow processing system. We have also recently moved offices to ensure that the physical environment meets clients' needs and the markets' expectations. BACKGROUND PR Newswire, a United Business Media Company, is a primary source of immediate information for journalists, investors and the general public through its world-leading distribution services and online and broadcast production capabilities. Its dedicated newswire, Internet, satellite and fax network is capable of pinpoint or mass distribution to satisfy the growing global demand for breaking news, photos, audio and video directly from 40,000 organisations worldwide. Companies, industries and governments use PR Newswire to reach their audiences in more than 135 countries over 40 languages and to measure the outcome of their communications programs. PR Newswire issues some 1,000 news releases daily to its distribution system, which encompasses more than 22,000 newsrooms, 41,000 journalists through its media web sites, one million equity terminals and 4,800 web sites and on-line databases. PR Newswire has extensive experience in managing the release of price sensitive information to the market. In the US, it has been offering this service for over 50 years and today meets the disclosure requirements of 6,000 US public companies, counting around 60 per cent of the US Fortune 500 as its customers. PR Newswire and Thomson Financial have an established alliance which makes it possible for all publicly traded companies, worldwide, to distribute their company news releases directly through the new PR Newswire/Thomson Financial Service. This allows them to reach their most critical constituency - institutional investors, analysts and financial advisors, in addition to the news release being sent directly to the desks of the leading European fund managers and analysts in their sector. Plus through PR Newswire's European Investor Relations Wire, publicly traded companies can reach more than 22,000 financial and specialist journalists, all disclosure points and thousands of web sites, databases and online services in real time. ABOUT UNITED BUSINESS MEDIA United Business Media plc is a focused market information group with leading positions in professional media, news distribution and market research. Its core businesses are comprised of:
Terms and conditions of use apply. |
||||||||||||
