Carswell partners with Issues Central, Inc., to distribute software solution to Canadian-based publicly traded companies
Announcing Compliance Partner™ – providing a unique solution for the Canadian market to design, implement and monitor cost-effective internal control over financial reporting …
TORONTO, ON, 11/22/2005, Today, Carswell and Issues Central, Inc., announced the introduction of Compliance Partner™ for the Canadian market. This software solution will help companies meet requirements for internal control over financial reporting under both the Sarbanes-Oxley Act of 2002 (SOX) s.302/404 and the Canadian Securities Administrators’ Multi-lateral Instrument 52-109/111 (MI).
Carswell, Canada’s largest provider of information and knowledge solutions to the legal, finance, tax and accounting markets, together with Issues Central, Inc., will provide Compliance Partner™ to the Canadian market. The product is designed to dramatically reduce the costs and potential business interruption associated with the new internal control requirements over financial reporting. Canadian-based firms that are listed solely on the TSX® or those that are dually listed on both the Securities Exchange Commission and the TSX® exchange will benefit from using Compliance Partner™.
The Compliance Partner™ software solution builds on the success of Issues Central, Inc.’s compliance product, which has been implemented by companies listed on every major North American exchange. Compliance Partner™ provides a unique solution for the Canadian market to design, implement and monitor internal control over financial reporting on a more cost-effective basis.
“We are very pleased to enter into this agreement with the team at Issues Central, Inc. and to leverage the success of their Compliance Playbook™ product,” said Don Van Meer, President and CEO of Carswell. “In offering the Compliance Partner™ product, as well as supporting training, customer support and education, we are providing a logical extension to our finance and accounting information and business solutions to help the Canadian market.”
“Carswell is well positioned to lead the market for an internal controls compliance product in Canada. They have a clear focus on solutions for finance, accounting and legal professionals,” said Cathy Connally, President of Issues Central, Inc. “The introduction of the Compliance Partner™ product will provide Canadian companies with a strong approach to streamlining their efforts and cost outlay to achieve SOX s.302/304 and MI 52-109/111 compliance.”
Carswell (www.carswell.com) is Canada’s leading provider of specialized information and electronic research solutions to the legal, tax, finance, accounting and human resources markets. Headquartered in Toronto, ON, Carswell provides integrated information in a range of formats, including books, loose-leaf services, journals, newsletters, CD-ROMS and online. Carswell is a business within The Thomson Corporation.
About Issues Central, Inc.
Issues Central, Inc. is the developer of the Compliance Playbook™ software solution for Sarbanes-Oxley geared to helping SEC-based filers comply with the requirements of Section 404 and Section 302 of the Act. The Compliance Playbook™ is an award-winning product designed to provide public filers with a streamlined approach to the implementation and ongoing management of internal controls over financial reporting and related compliance activities. The company has offices in New York and Toronto.
About The Thomson Corporation
The Thomson Corporation (www.thomson.com ) with 2004 revenues of $8.10 billion is a global leader in providing integrated information solutions to business and professional customers. Thomson provides value-added information, software tools and applications to more than 20 million users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate e-learning and assessment, scientific research and healthcare. With operational headquarters in Stamford, Conn., Thomson has approximately 40,000 employees and provides services in approximately 130 countries. The Corporation’s common shares are listed on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC).
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