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17.06.2003

PROMT released XBRL translation solution

St. Petersburg, June 17, 2003 - PROMT, the leading provider of machine translation technologies, announced today the release of XBRL translation solution - PROMT XML Translation Server (XBRL Edition).

PXML (XBRL Edition) solution is implemented on the base of general PROMT XML Translation Edition (PXML) platform announced earlier.

XBRL Language represents the new open specification on the basis of Extensible Markup Language (XML) and is used to prepare financial reports and an exchange of financial reports between the companies in the unified form. Earlier this language was called Extensible Financial Reporting Markup Language (XFRML), but then the name has been changed to XBRL with the purpose to emphasize importance of this language for the companies of any types, and not just for specializing in financing.

XBRL allows carrying out an automatic exchange of the financial information between various software which cooperates among themselves by means of information networks, including the Internet. XBRL eliminates necessity of repeated input of the financial information, thus reducing risk of erroneous data input and eliminating necessity of manual input for various formats (the documents prepared in text editors, HTML-documents, XML-documents or documents in the other specialized formats). As a result the expenses for preparation and transfer of financial documents are reduced, and also access to the information to investors and analysts becomes simpler.

Standard XBRL is supported by specially created consortium including Microsoft, SAP, Deloitte&Touche, Software AG, Morgan Stanley, NASDAQ and more than 170 companies publishing financial reports in XBRL.

Growth of XBRL's popularity has caused the necessity to develop software solutions for document translation of the given format from one language on another. One of the first solutions of such kind is PXML (XBRL Edition) which provides effective translation of financial reports between several European languages. As all other PROMT software solutions for XML-documents translation, PXML (XBRL Edition) offers a wide spectrum of opportunities for system adjustment according to customer needs.

- Alexander Serebryakov, technical director of the PROMT company said.


About PROMT

PROMT, founded in 1991, is a world leader in the natural language processing technologies.
PROMT offers translation solutions for the Internet, corporate Intranets, PCs, handheld devices and WAP under trade mark @promt™ .
@promt integrates with Translation Memory (TM) solutions (TRADOS) and proprietary terminology extraction system.
@promt enables XML and XBRL documents translation with powerful engine for customization of the translation rules.
PROMT offers the first translation solution for Microsoft .NET platform.

Free online test of PROMT XT is available at www.Online-Translator.com.

PROMT
Alexander Andreev
Marketing Manager
Tel. +7 (812) 327-4425
E-mail: Alexander.Andreev@promt.ru


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