XBRL US Steering Committee Leadership election results for the 2006/2007 fiscal year:

Chairman Dan Roberts of Grant Thornton LLP, National Director of Assurance Innovation is re-elected Chairman for a second term.

Liv Watson, EDGAR Online, Inc. (EDGR), VP of Global Strategies is elected Vice Chair.

New York City, NY – AUGUST 9, 2006 – XBRL US, the United States leader for the adoption and awareness of the global XBRL standard in business reporting, has recently held elections for 2006/2007 Leadership. Last week, the new XBRL United States Steering Committee held their first meeting.. The members of the Steering committee are:

Dan Roberts (incumbent Chairman) of Grant Thornton LLP, Michelle Savage (incumbent Vice Chairman) of PR Newswire, Eric Cohen of Morgan Stanley, Yossi Newman of Deloitte, Liv Watson of EDGAR Online, Inc. (EDGR), Inc., Gail Verley of the FDIC, Joe Vicari of ADP and Phil Walenga of UBmatrix.

By unanimous vote, Dan Roberts, National Director of Assurance Innovation for Grant Thornton LLP was re-elected for a second term to the Chair position and Liv Watson, Vice President of Global Strategies for EDGAR Online, Inc.(EDGR), was elected to the position of Vice Chair.

In a statement to the 2006/2007 USC, Dan Roberts, Chairman declared, “ 2006 is the year XBRL proves the value it brings, and 2007 will be the year the US clearly turns the corner on the j-curve with exponential growth in filing.” Mr. Roberts also forecasts, “By the end of 2007 there may well be over 1000 companies filing or at least releasing documents with XBRL.”

On her acceptance and election to the Vice Chair position for XBRL US, Liv Watson commented, “The beneficiaries of XBRL aren't limited to analysts or public companies. Virtually all of the participants in the financial information supply chain will find it worthwhile to take advantage of an enhanced data standard. As the elected Vice-Chair of the XBRL US Steering Committee, I will work closely with Chairman Dan Roberts and the US Steering Committee to further the mission of Adoption of XBRL.”

About XBRL US
XBRL-US represents the US jurisdiction of XBRL International, Inc., with 70 member organizations. XBRL-US oversees the development of technical standards and works for specific adoption in the public and private sectors in the US markets, and conducts member and outreach events for both local and international audiences. XBRL-US working groups develop the tags and coordinate adoption and outreach. To learn more about XBRL US, please visit www.xbrl.org/us.

About XBRL
XBRL (Extensible Business Reporting Language) enables computer-readable tags to be applied to individual items of financial and other business reporting data in business reports, transforming them from simple blocks of text into information which can be understood and processed automatically by computer software. XBRL is an important tool for integrating the Business Reporting Supply Chain. It offers cost savings, greater efficiency and improved accuracy to all those involved in preparing, analyzing or communicating business information.

It can be used to express a wide range of reports and disclosures including financial statements, internal management information, regulatory returns, statistical reports, and credit filings.

XBRL is an open standard, free of license fees.

XBRL adoption is moving ahead quickly. There are approximately 20 formal XBRL jurisdictions around the world. In the US, the Securities and Exchange Commission is running a pilot program to evaluate XBRL and the FDIC has reported major success with its use of XBRL for banking regulation. In Europe, the Dutch government is using XBRL extensively in three important reporting chains:

• Reporting of taxes; for instance profits tax, wage taxes, value added taxes (VAT) and income taxes
• Reporting of annual accounts
• Reporting of economic statistics

The UK recently announced that XBRL would become mandatory for tax returns and accounts from 2010. The Bank of Japan is using XBRL for gathering data from financial institutions. China, Belgium, Korea, Singapore and Spain are among other countries which are also using XBRL or have recently announced projects to introduce it.

About XBRL International, Inc. (XII)
XII is an independent, not-for-profit organization with over 480 global members that oversees the development of XBRL. These member-organizations work together to build the XBRL language and to promote and support its adoption. The consortium members meet periodically in international conferences, conduct committee work regularly via conference calls, and communicate in email and phone calls throughout the week.

For more information on XII go to: www.xbrl.org

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