Issuer Direct and EDGAR Online Announce Strategic Alliance

CARY, N.C., June 17, 2010 (GLOBE NEWSWIRE) -- Issuer Direct Corporation (OCTBB:ISDR) and EDGAR® Online, Inc. (Nasdaq:EDGR) jointly announced today that they have entered into a Strategic Alliance that calls for both parties to work together to deliver next -generation compliance and communications offerings based on XBRL (eXtensible Business Reporting Language) technology to the mutual fund marketplace through iFUND Direct.

As part of the agreement, Issuer Direct will begin offering EDGAR Online's industry-leading XBRL tagging services to the mutual fund marketplace. Additionally, the two companies will work together to integrate EDGAR Online's XBRL tools into Issuer Direct's Interactive Fund Platform; blending both companies customer facing workflow technologies and back-office systems.

"We are delighted to be working with EDGAR Online and their XBRL team," said Brian R. Balbirnie, Chief Executive Officer.  "Part of our strategy has always been to extend the best of breed in regulatory solutions to compliance professionals – EDGAR Online exemplifies this strategy." Balbirnie continued, "Once integration is complete with EDGAR Online, our compliance portal will be the only real-time filing, collaboration and approval system that will integrate their XBRL tools into our industry leading workflow compliance system."

"We are very excited about our alliance with Issuer Direct," said Philip Moyer, EDGAR Online Chief Executive Officer. "This agreement ultimately benefits the mutual fund companies through a combined first-class XBRL compliance solution. Issuer Direct is a recognized leader in the compliance space and has ratcheted up the value they deliver to clients through the addition of our innovative XBRL translation service," added Moyer.

About Issuer Direct:

Issuer Direct Corporation (ISDR) is a market leader and innovator in public company products and services. As an issuer/fund compliance focused company, Issuer Direct alleviates the complexity of maintaining compliance through integrated products and services that help companies produce and distribute their financial and business communications both online and in print. As a shareholder compliance company, Issuer Direct is dedicated to assisting corporate issuers and mutual funds in an ever-changing regulatory environment and to comply with the myriad of rules imposed by regulatory bodies. To learn more visit http://www.issuerdirect.com

The Issuer Direct logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4547

About the Interactive Fund Platform:

iFUND Direct is a leading Fund platform that enables both Fund Administrators and Mutual Funds the ability to move regulatory filings into real-time production and internet availability via an intuitive secure web interface. Mutual Fund managers can upload, configure and distribute Annual Reports, Semi-Annual Reports, Summary Prospectuses, Prospectuses, and additional information to investors in seconds with our innovative proprietary technologies that incorporate both Print-on-Demand (POD) and e-delivery (EOD). Each iFUND platform also integrates our XBRL viewers, management workflow reporting and secure hosted document library. To learn more visit http://www.ifunddirect.com

About EDGAR Online:

EDGAR Online, Inc. (Nasdaq:EDGR) is a leader in the distribution of company data and public filings for equities, mutual funds and a variety of other publicly traded assets. We deliver our information products directly to end users via online subscriptions and data licenses, and to redistributors who embed our content in their own and their clients' Web sites.

Our proprietary automated systems allow for the rapid conversion of data and we are a pioneer and leader in the global financial reporting standard—eXtensible Business Reporting Language, otherwise known as XBRL. We use our automated processing platform and our expertise in XBRL to produce both datasets and tools and to assist organizations with the creation, management and distribution of XBRL financial reports. For more detailed information on all of our businesses or to contact us please visit our Web site at http://www.edgar-online.com/

EDGAR® is a federally registered trademark of the U.S. Securities and Exchange Commission. EDGAR Online is not affiliated with or approved by the U.S. Securities and Exchange Commission.

CONTACT:  Issuer Direct Corporation
          Brian R. Balbirnie
          919-481-4000
          brian.balbirnie@issuerdirect.com

          EDGAR Online, Inc. 
          Deb Doane
          203-852-5664
          ddoane@edgar-online.com

company logo