Merrill Corporation First to Convert All EDGAR Filings to New SEC System

Apr 12, 2001, 01:00 ET from Merrill Corporation

    ST. PAUL, Minn., April 12 /PRNewswire/ -- Merrill Corporation
 ( http://www.merrillcorp.com ), a global diversified communications and
 document services provider, today announced that its Financial Document
 Services (FDS) business was the first major filing agent to convert its EDGAR
 filings to the new Securities and Exchange Commission (SEC) Web-based filing
 system which uses the Extensible Forms Description Language (XFDL) format.
     In the critical March peak month for 10-Ks, Merrill submitted almost
 25 percent of all the HTML documents filed with the SEC.  This was 60 percent
 more than Merrill's biggest competitor.  To date in 2001, Merrill's volume of
 EDGAR II filings exceeds that of its two largest competitors combined.
     Merrill completed its system conversion on March 6, well before the SEC's
 mandated conversion deadline of April 20.  Additionally, the system passed a
 major milestone when it was used for all client filings on the single largest
 volume day of the year for EDGAR, the 10-K peak of April 2.
     "Our leadership in technology allowed us to make this step several weeks
 before the SEC's cut-off date," said Mike James, president of FDS.  "We chose
 to take the step now because we are enthusiastic about the SEC's modernization
 efforts and see great potential in the technology.  HTML represents the best
 format for our clients as they strive to re-purpose their information and
 documents for clearer, more rapid financial communications."
     The changeover occurred after several months of extended testing.  Merrill
 clients benefit from a seamless transition to the new system because there is
 no visible difference from the process they are accustomed to when working
 with Merrill.  The new Merrill EDGAR filing platform requires no new training
 for the hundreds of customer service staff in Merrill locations worldwide.
     "The single source, centralized filing methodology applied by Merrill
 allows for a faster, more stable and higher volume capability unmatched
 anywhere else in the filing community," James said.  "Both new and existing
 clients have enthusiastically converted to the superior HTML formatting
 offered through EDGAR Advantage(TM) and we fully intend to continue building
 on our leadership with enhancements to be announced in the near future."
     Merrill's EDGAR Advantage is one of the largest filing services in the
 world and has filed more EDGAR HTML documents than any other filing agent
 since the SEC's implementation in May 1999.
 
     About Merrill Corporation
     Merrill Corporation ( http://www.merrillcorp.com ) is a diversified
 communications and document services company applying advanced information
 systems and intranet/Internet technology to provide a broad range of services
 to its financial, legal and corporate clients.  Merrill's services integrate
 traditional composition, imaging and printing services with online document.
 This integrated approach helps streamline the preparation and distribution of
 business-to-business communication materials. Merrill Corporation serves its
 domestic clients through 42 offices in 31 cities throughout the United States.
 Its international clients are served through the new client service centers in
 London, Paris and Frankfurt, as well as a joint venture in Canada and
 affiliate relationships in Europe, Asia, Latin America and Australia.
 
 

SOURCE Merrill Corporation
    ST. PAUL, Minn., April 12 /PRNewswire/ -- Merrill Corporation
 ( http://www.merrillcorp.com ), a global diversified communications and
 document services provider, today announced that its Financial Document
 Services (FDS) business was the first major filing agent to convert its EDGAR
 filings to the new Securities and Exchange Commission (SEC) Web-based filing
 system which uses the Extensible Forms Description Language (XFDL) format.
     In the critical March peak month for 10-Ks, Merrill submitted almost
 25 percent of all the HTML documents filed with the SEC.  This was 60 percent
 more than Merrill's biggest competitor.  To date in 2001, Merrill's volume of
 EDGAR II filings exceeds that of its two largest competitors combined.
     Merrill completed its system conversion on March 6, well before the SEC's
 mandated conversion deadline of April 20.  Additionally, the system passed a
 major milestone when it was used for all client filings on the single largest
 volume day of the year for EDGAR, the 10-K peak of April 2.
     "Our leadership in technology allowed us to make this step several weeks
 before the SEC's cut-off date," said Mike James, president of FDS.  "We chose
 to take the step now because we are enthusiastic about the SEC's modernization
 efforts and see great potential in the technology.  HTML represents the best
 format for our clients as they strive to re-purpose their information and
 documents for clearer, more rapid financial communications."
     The changeover occurred after several months of extended testing.  Merrill
 clients benefit from a seamless transition to the new system because there is
 no visible difference from the process they are accustomed to when working
 with Merrill.  The new Merrill EDGAR filing platform requires no new training
 for the hundreds of customer service staff in Merrill locations worldwide.
     "The single source, centralized filing methodology applied by Merrill
 allows for a faster, more stable and higher volume capability unmatched
 anywhere else in the filing community," James said.  "Both new and existing
 clients have enthusiastically converted to the superior HTML formatting
 offered through EDGAR Advantage(TM) and we fully intend to continue building
 on our leadership with enhancements to be announced in the near future."
     Merrill's EDGAR Advantage is one of the largest filing services in the
 world and has filed more EDGAR HTML documents than any other filing agent
 since the SEC's implementation in May 1999.
 
     About Merrill Corporation
     Merrill Corporation ( http://www.merrillcorp.com ) is a diversified
 communications and document services company applying advanced information
 systems and intranet/Internet technology to provide a broad range of services
 to its financial, legal and corporate clients.  Merrill's services integrate
 traditional composition, imaging and printing services with online document.
 This integrated approach helps streamline the preparation and distribution of
 business-to-business communication materials. Merrill Corporation serves its
 domestic clients through 42 offices in 31 cities throughout the United States.
 Its international clients are served through the new client service centers in
 London, Paris and Frankfurt, as well as a joint venture in Canada and
 affiliate relationships in Europe, Asia, Latin America and Australia.
 
 SOURCE  Merrill Corporation