Bowne XChanger(TM) Helps Companies Easily Upgrade XBRL Documents to 2009 Taxonomies
NEW YORK, NY -- (Marketwire) -- 06/22/09 -- Bowne & Co., Inc. (NYSE: BNE), a global leader
in shareholder and marketing communications services, today announced the
release of the Bowne XChanger(TM) Taxonomy Migration Assistant. Bowne
XChanger allows Securities and Exchange Commission (SEC) registrants to
update XBRL (Extensible Business Reporting Language) documents created
using a prior version of the US GAAP (generally accepted accounting
principles) taxonomies with the recently released 2009 version. This
solution is an easy-to-use desktop application and is available for
download at Bowne's main XBRL web site, www.bowne.com/xbrl.
The SEC recently announced that the EDGAR System will begin officially
supporting the new taxonomies on July 22, 2009 and is strongly encouraging
companies to begin using the new taxonomies immediately. Companies that
have previously created XBRL extension taxonomies and instance documents
using a prior version of the US GAAP taxonomies will need to update and
review their documents based on this new version. While companies could
elect to update their XBRL documents manually, or pay fees to have them
updated by a third party, Bowne XChanger automates this process. Bowne's
full-service XBRL clients are automatically upgraded to the 2009 taxonomies
using Bowne XChanger as part of our comprehensive full-service offering.
"Companies preparing for the mandate have spent considerable time and
effort using the previous version of the US GAAP taxonomies," said Bill
Penders, President, Bowne & Co., Inc. "Bowne XChanger, in conjunction with
the Bowne Interactive XBRL Viewer(TM), further solidifies Bowne's
leadership position in the XBRL application space. The SEC has stated that
XBRL taxonomy updates can be expected regularly, and Bowne XChanger is
equipped to help registrants meet the daunting task of updating their
documents head-on."
Bowne XChanger allows instance documents and/or extension taxonomies to be
updated to the new version of the US GAAP taxonomy. Bowne XChanger makes
the technical updates to the files while providing detailed results as to
what previously used GAAP and extension taxonomy elements (or "tags") are
found in the new taxonomy. Since the 2009 US GAAP taxonomies will not be
supported by the SEC EDGAR System until July 22, 2009, companies should
upload their Bowne XChanger-updated XBRL documents to the Bowne Interactive
XBRL Viewer for additional review and technical validation. The Bowne XBRL
Interactive Viewer is a web-based XBRL application available at
www.bowne.com/xbrl.
About Bowne & Co., Inc.
Bowne & Co., Inc. (NYSE: BNE) provides shareholder and marketing
communications services around the world. Dealmakers rely on Bowne to
handle critical transactional communications with speed and accuracy.
Compliance professionals turn to Bowne to prepare and file regulatory and
shareholder communications online and in print. Investment managers and
third party fund administrators count on Bowne's integrated solutions to
streamline their document processes and produce high quality communications
for their shareholders. Marketers look to Bowne to create and distribute
customized, one-to-one communications on demand. With 2,800 employees in 50
offices around the globe, Bowne has met the ever-changing demands of its
clients for more than 230 years. For more information, please visit
www.bowne.com.
Investor Relations Contact:
Bryan Berndt
Treasurer
212-658-5817
bryan.berndt@bowne.com
Media Contact:
Pamela Blum
Director of Corporate Communications
212-658-5884
pamela.blum@bowne.com
Bowne & Co., Inc.
55 Water Street
New York, NY 10041
(212) 924-5500
Fax: (212) 658-5871