BW releases tool to ease SEC filing

SAN FRANCISCO: After years on the drawing board, Business Wire (BW)

has released what it describes as a tool to allow publicly traded

companies to convert and format paperwork for SEC filings. The company

claims to be the first commercial news service to offer such a product,

which it calls EDGARit.

To use EDGARit for an 8-K SEC disclosure filing, companies submit their

BW-formatted news release, and pay a flat fee of $175 plus the

circuit price. For an EDGAR filing in ASCII format, the company will pay

a $150 fee, plus $11 per page of text and/or $20

per page of tables. Both options have a turnaround of six hours, and

companies can elect to receive a proof before BW files the


BW operations manager Chris Marchioli has trained a core group of NYC

editors to convert 10-Ks, 10-Qs, and 8-Ks.

Michael Becker, BW global financial and business development specialist,

said more editors will be trained if the new service catches on.

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