Why `Web Disclosure' Will Always be Incompatible with Fair Disclosure

Business Wire CIO Steve Messick Explains in Simple Technical Terms

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Business Wire Chief Information Officer Steve Messick (Photo: Business Wire)

Business Wire Chief Information Officer Steve Messick (Photo: Business Wire)

SAN FRANCISCO--()--In a blog post titled "Disclosure for Dummies," Business Wire Chief Information Officer Steve Messick explains in layman's terms the behind-the-scenes technology that makes fair disclosure possible, and why standalone web postings and notice-and-access releases are incapable of providing simultaneous, real-time access to all market participants.

http://blog.businesswire.com/2011/01/19/notice-and-access-press-releases/

Messick, the architect behind Business Wire's patented NX delivery platform, explains that the building blocks of fair disclosure are simultaneity, synchronization, and security, and elaborates how they contribute to Business Wire's core value proposition.

Business Wire, which has been helping public companies meet their disclosure obligations for nearly 50 years, has published numerous blog posts in recent years in defense of full and fair disclosure. To see all disclosure related posts written by Business Wire executives, visit the Business Wire blog.

About Business Wire

Business Wire, a Berkshire Hathaway company, is utilized by tens of thousands of member companies and organizations worldwide to functionally enhance and communicate investor relations and public relations content to target audiences. As a recognized disclosure vehicle in the United States, Canada, the UK, France, Germany and other EU markets, Business Wire facilitates the simultaneous flow of market-moving press releases from corporations to financial markets and their audiences, including regulatory authorities, media, investors, financial information systems and consumer news services. Business Wire also handles XBRL tagging, document formatting and regulatory filing into the EDGAR and SEDAR systems.

Communications professionals turn to Business Wire to optimize and issue press releases, photos and multimedia to news organizations, journalists, trade publications, search engines, and individuals, with full-text posting to web sites, online services and databases. A range of distribution options enables members to target by geography, industry, news theme and audience demographics.

Founded in 1961, Business Wire has dual headquarters in San Francisco and New York, with 31 bureaus, 21 newsrooms in cities including Los Angeles, Chicago, Boston, Miami, Paris, Frankfurt, London, Brussels, Tokyo, Toronto and Sydney and reciprocal offices throughout the world. Business Wire's patented NX data platform supports XML, XHTML and XBRL code that enhances news release interactivity, social media sharing and search engine optimization. More information about Business Wire and its services is located on its website at www.BusinessWire.com.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6579691&lang=en

Release Summary

Business Wire CIO Steve Messick explains why ‘Web Disclosure’ will always be incompatible with fair disclosure