Leadership Corner: Welcoming Vintage Filings into the PR Newswire Family of Businesses
by Ira Krawitz
Senior Vice President of IR Services
As many of you know, PR Newswire recently acquired the EDGAR filing company, Vintage Filings. Vintage is a model entrepreneurial success story. Started literally in the basements of its co-founders' (Vintage CEO Shai Stern and President Seth Farbman) houses, in only five years of operations, it has become one of the leading and fastest-growing EDGAR filings companies in the U.S. In 2006, Vintage was number four out of all companies in terms of the number of SEC filings it processed.
To put this in perspective, last year PR Newswire handled approximately 3,200 EDGAR filings. In comparison, Vintage handled over 23,000. Today, several hundred publicly- traded companies use Vintage's services to file their financial information with the SEC.
The addition of Vintage to the PR Newswire family brings us a wealth of talent and experience. It also brings us a valuable client pool, represented by the number of companies who have come to rely on Vintage's services for their EDGAR filings. Most importantly, it will allow us to provide faster and reasonably-priced EDGAR filing services to all of PR Newswire's current and prospective clients.
Conversely, PR Newswire brings a number of advantages to Vintage's clients, including:
- more than 50 years of experience distributing financially sensitive news to the public and media
- a reputation in both the media and in the regulatory community for integrity and accuracy
- a global distribution network and an array of media intelligence tools; and
- the trustworthiness of our editorial procedures, which ensure that news is coming only from authorized senders, is properly attributed and is screened for inaccuracies before distribution
By adding Vintage to the PR Newswire community, we are adding 24/7 EDGAR filing services that are accurate, timely, easy to use and cost-effective. Together with Vintage, we will be able to offer clients a one-stop-shop for all of their investor relations, regulatory and public relations needs. Furthermore, we will be better prepared to take advantage of new technologies, like XBRL, which will be transforming the way financial data is distributed in up-coming years.
We also expect the acquisition of Vintage Filings to serve as the beginning of the revitalization of PR Newswire's IR services. In the future, we will be looking at other companies to complement our IR offerings, either through agreements, or, if it makes good business sense, by acquisition. Vintage is the perfect beginning for growing this part of PR Newswire's business. So, please join me in welcoming Vintage Filings into the PR Newswire family of businesses.
About Vintage Filings
Recently acquired by PR Newswire, Vintage Filings has more than five years of experience processing and distributing EDGAR filings for hundreds of publicly-traded companies. With 65 full-time employees working in New York, Los Angeles, and San Francisco, Vintage Filings provides full-service filing capabilities, typesetting and financial printing to public companies, mutual funds, investment management firms, law firms and individuals around the world, assisting them in meeting the EDGAR filing requirements of the SEC.
PR Newswire/Vintage Filings LLC press release
Vintage Filings website, including bios for Shai and Seth
» Return to the table of contents
|
