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XBRL Readiness Survey

May 11, 2009

XBRL US conducted a survey of the largest 500 SEC filers who are required to file their first XBRL exhibits with the SEC for fiscal periods ending after June 15, 2009. The survey results revealed that at least 340 of the first 500 filers have already converted their filings into XBRL format. The remaining large accelerated SEC filers will begin to file XBRL exhibits in 2010 with non-accelerated filers following in 2011.

According to Alfred R. Berkeley, Chairman, Pipeline Financial Systems LLC and Chair, XBRL US Board, “These XBRL financial statements represent almost $7 trillion in market capitalization, over 50% of the total market cap for all publicly traded companies reporting to the SEC. We’re at critical mass and looking forward to extending investor benefits to other asset classes in the future.”

XBRL US supports the implementation of XBRL in the United States through the development of the digital dictionary (taxonomy) relevant for use by US public and private sectors, working with a goal of interoperability between sectors, and by promoting adoption of XBRL through the collaboration of all business reporting supply chain participants.

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