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PrecisionIR™
Provides Services
That Help Simplify Compliance With Recent Rules Under Sarbanes-Oxley
Act
Vcall
Webcasting Is One Tool to Apply to Regulation G Requirements
Richmond, VA –
July 7, 2003 – Companies focusing on satisfying Regulation G
requirements can use PrecisionIR™
to simplify compliance. PrecisionIR™
is a suite of investor relations services, including Vcall®
webcasting, designed to
facilitate communications between corporations and the investment
community.
Public
companies have been complying with recently adopted rules the SEC has
imposed as part of its implementation of the Sarbanes-Oxley Act of
2002. Regulation G
consists of three new rules that obligate conditions on the disclosure
of non-GAAP financial measures released by public companies.
Vcall, PrecisionIR’s webcasting service, offers public
companies assistance with several of the proposed methods of
compliance. The SEC
suggests that the press release earnings announcement should include
the location on the Company website where financial information to be
covered during the call will be posted.
The Vcall webcast alert includes a link to the Company-specific
client page on vcall.com. The
client page provides a link to the Company IR webpage, links to
previous Vcall webcast events, broker research, SEC filings and
earnings data.
The
SEC also recommends companies issue an earnings press release that
summarizes results of the previous quarter prior to the earnings call
being held. During the
call, a company should again state the website location where non-GAAP
measures are posted. Vcall
provides the earnings press release on the client page for investors
to review while the call is taking place.
Companies can display GAAP and non-GAAP financial
reconciliations on PowerPoint slides, which can be made visible to the
investor audience at the time of the webcast.
Companies are encouraged to make the non-GAAP disclosures
available for a minimum of 12 months through the posted earnings press
release or an archived webcast earnings call.
At no additional cost, Vcall will archive the earnings call for
12 months at http://www.vcall.com
to ensure the financial disclosures remain accessible to the public
for the recommended period of time.
“WILink
is committed to being a reliable, expert investor relations partner
for public companies,” said J. Patrick Galleher, chief operating
officer at WILink, Inc. “In
this changing regulatory environment, investor relations professionals
are faced with more challenges than ever before.
PrecisionIR™ makes investor communication more precise and
efficient while providing services that are compliance-friendly.”
About
WILink:
Since 1992, WILink plc (www.wilink.com)
has been a leading provider of global investor relations and
investment information services that attract and retain investors for
public companies and mutual funds. WILink’s PrecisionIR™ (www.precisionir.com) and
PrecisionFM™ custom
investor-marketing programs enable publicly traded companies and
mutual funds to deliver tailored and compelling communications to a
precisely targeted audience of investors.
This
year WILink will make more than 7 million investor introductions for
over 4,200 corporate clients through PrecisionIR™ and PrecisionFM™ programs, which include the Annual Reports Service, the Fund
Info Service, Informed Investors Forums (www.informedinvestors.com)
and Vcall® webcasting (www.vcall.com).
WILink’s InstitutionalReach™ database and partnerships with
over 230 leading financial channels in 14 countries including The Wall
Street Journal, Financial Times, Barron's and Yahoo! Finance ensure
clients targeted visibility within the investment community.
WILink, Inc. a wholly owned subsidiary of WILink plc (WLK: LSE)
began operations in Richmond, Va. in 1993.
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