Business Wire Announces Promotion of Michael Becker to Director, Global Disclosure & Financial Reporting Services

Business Wire, April 11, 2005

NEW YORK -- Michael Becker has been promoted to director, global disclosure & financial reporting services, it was announced today by Cathy Baron Tamraz, president and chief operating officer of Business Wire.

"Michael has an outstanding knowledge of the intricacies of global disclosure and by bringing this knowledge to the table he can help Business Wire better provide sophisticated services and counsel to our members," said Tamraz. "Michael is very active in various industry groups and has been very involved in Business Wire's leadership role in EDGAR filings and XBRL."

Becker joined Business Wire in 1999 as financial information services specialist. Prior to joining the company he worked for Capital Link, Inc. where he created and implemented comprehensive media and investor relations programs for the international investor relations firm's high profile clients, including SBF-Paris Bourse and the Athens Stock Exchange.

A graduate of the University of Maryland, he currently serves on the Board of Directors of NIRI New York as well as CoreFiling, a joint venture between Business Wire and UK-based DecisionSoft. He lives in New York City.

Business Wire is the number one newswire filer to the SEC and has transmitted over 12,000 filings to the EDGAR database. The Financial Compliance Services division will be focused on increasing market share in the vast EDGAR filing space.

Business Wire's Financial Compliance Services division was created as a result of the increasing regulatory requirements brought on by Regulation FD and the Sarbanes-Oxley requirements.

About Business Wire:

Business Wire was founded in 1961 by Chairman/CEO Lorry I. Lokey, veteran journalist and public relations executive. The company's multi-channel delivery network, with access to some 60 international and national news agencies, financial information providers and Web-based news services throughout North America, Europe, Asia, Latin America, the Middle East and Africa, provides real-time, simultaneous access to key audiences -- the news media, trade publications, institutional and individual investors, business-to-business decision-makers and consumers.

Business Wire electronically disseminates some 1,000 full-text news releases daily to the media, the Internet, online services and databases, and the global investment community in 150 countries in 45 languages. Business Wire has 24 U.S. offices, Frankfurt, London, Stockholm, Brussels, Sydney and Tokyo offices, and reciprocal offices throughout the world.