Advantage Announces 2nd Quarter Results 2009 Aug 14, 2009
It is also important to note that the International Accounting Standards Board ("IASB") is currently undertaking an extractive industries project, to develop accounting standards specifically for businesses like that of the Fund ... Management is currently evaluating the effects of all current and pending pronouncements of the International Accounting Standards Board on the financial statements of the Fund, and has developed a plan for implementation. (PR Newswire)
Allianz May Cut Equity Investments on New Accounting Rules, FTD Reports Aug 10, 2009
Aug. 10 (Bloomberg) -- may cut its investments in equities if the International Accounting Standards Board revises its rules to fully reflect changes in equity value in profit-and-loss accounts, the reported. Allianz and other insurers would significantly reduce their equity investments if the IASB introduces such a rule, FTD reported, citing , chief financial officer at the Munich-based company. (Bloomberg -- Germany)
Firm Capital Mortgage Investment Trust Announces Strong Second Quarter Results Aug 7, 2009
The Canadian Accounting Standards Board (AcSB") confirmed that the adoption of IFRS would be effective for the interim and annual periods beginning on or after January 1, 2011 for Canadian publicly accountable profit-oriented enterprises. IFRS will replace Canada's current GAAP for these enterprises. Comparative IFRS information for the previous fiscal year will also have to be reported. These new standards will be effective for the Trust in the first quarter of 2011.The Trust is currently in... (CCNMatthews Press Releases)
Trican-2009 Second Quarter Results Aug 6, 2009
We will continue to monitor our IFRS changeover plan and make the necessary modifications to reflect new and amended accounting standards issued by the International Accounting Standards Board ... In February 2008, the Canadian Accounting Standards Board confirmed that effective January 1, 2011, all publicly accountable enterprises will be required to report under IFRS as issued by the International Accounting Standards Board (IASB). (CCNMatthews Press Releases)
Argo posts full-year loss Aug 3, 2009
Adelaide-based Argo Investments is the latest listed investment company to have its results plunged in to the red by the application of international accounting standards, as unrealised impairment charge of $205. 6 million was booked by the group. (Sydney Morning Herald -- Business)
Credit Crisis: Don't Blame Accounting Rules Jul 29, 2009
The advisory group said in the report that regulators should not be able to dictate specific rules that are established by two main accounting boards that oversee standards, FASB in the U.S. and the International Accounting Standards Board overseas. "While it is appropriate for public authorities to voice their concerns and give input to standard setters, in doing so they should not seek to prescribe specific standard-setting outcomes," the group wrote in the report. (BusinessWeek)
Canfor Pulp Income Fund Announces Second Quarter 2009 Results Jul 25, 2009
The Partnership will continue to review all proposed and continuing projects of the International Accounting Standards Board to determine their impact on the Fund, and will continue to invest in training and resources throughout the transition period to facilitate a timely conversion. At this time, the impact on the Fund's future financial position and results of operations is not reasonably determinable. (CCNMatthews Press Releases)
Accountants' Group Calls for Single Set of International Bookkeeping Rules Jul 23, 2009
The London-based International Accounting Standards Board is also proposing rules to streamline the reporting of complex financial instruments. They ended up with the right answer, but it gives encouragement to governments to intervene anytime they dont like the answer, Bunting said. (Bloomberg -- Europe)
Delphi Reports Ninth Quarter of Production Growth and Increases Cash Flow and Financial Flexibility Jul 23, 2009
Delphi will update its IFRS changeover plan to reflect new and amended accounting standards issued by the International Accounting Standards Board ... The International Accounting Standards Board (IASB) has issued an exposure draft relating to certain amendments to IFRS 1 which addresses first time adoption of IFRS. The IASB is proposing additional optional exemptions, one of which relates to full cost oil and gas accounting, resulting in a reduced administrative transition from the current... (CCNMatthews Press Releases)
Accountants Gain Courage to Stand Up to Bankers Jul 23, 2009
The FASBs approach is tougher on banks than the path taken by the London-based International Accounting Standards Board, which last week issued a that would let companies continue carrying many financial assets at historical cost, including loans and debt securities. The two boards are scheduled to meet tomorrow in London to discuss their contrasting plans. (Bloomberg -- Columnists)
IASB rolls out final accounting guidelines Jul 16, 2009
The International Accounting Standards Board (IASB) had issued accounting standards for small and medium enterprises (SMEs), providing relief in many areas that were found to be "onerous", it was announced on Tuesday. Bruce Mackenzie, a member of the accounting practices sub-committee on SMEs at the SA Institute of Chartered Accountants (Saica), said the final International Financial Reporting Standards (IFRS) for small businesses lowered the burden of preparing financial statements, which had... (Business Report, South Africa)
Brazil Utility Stocks Drop to 3-Week Low on Accounting Rules Speculation Jul 15, 2009
Brazil plans to adopt international accounting standards that may prevent certain assets from being booked on utilities balance sheets, Valor reported. This may be pressuring the sector a bit, said , who oversees about 60 million reais at Leme Investimentos in Florianopolis, Brazil. (Bloomberg -- Latin America)
Brazil's Bovespa Declines, Led by Utilities, Petrobras; Bolsa Advances Jul 15, 2009
6 percent, after Valor Economico reported Brazil plans to adopt international accounting standards that may prevent certain assets from being booked on utilities balance sheets. The countrys accounting regulator plans to adopt the standards next year, the Sao Paulo-based newspaper said. (Bloomberg -- Latin America)
Platmin to early convert to International Financial Reporting Standards Jul 13, 2009
TORONTO, July 13 /CNW/ - Platmin Limited (the "Company" or "Platmin", TSX/AIM: PPN) announces today that Platmin has received an exemption order from the applicable Canadian securities regulatory authorities to permit Platmin to report its financial statements for the financial year commencing 1 March 2009, and subsequent interim and annual periods, in accordance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB"). The... (Canada Newswire)
Infosys Technologies (NASDAQ: INFY) Announces Results for the Quarter Ended June 30, 2009 Jul 10, 2009
Unaudited Consolidated Financial Statements (Condensed) in compliance with International Financial Reporting Standards as issued by the International Accounting Standards Board (IFRS) Infosys Technologies Limited and subsidiaries Unaudited Consolidated Balance Sheets as of (Dollars in millions except share data) June 30, March 31, 2009 2009 ASSETS Current assets Cash and cash equivalents $2,270 $2,167 Available-for-sale financial assets 240 - Trade receivables 713 724 Unbilled revenue 182 148... (Canada Newswire)
TAM Files 2008 Form 20-F Annual Report in IFRS Jul 1, 2009
For the first time, and as permitted by the SEC's rules, TAM's 2008 Annual Report contains financial statements prepared in accordance with international financial reporting standards (IFRS) as issued by the International Accounting Standards Board. In prior years, TAM's annual report on Form 20-F contained financial statements prepared in accordance with Brazilian Generally Accepted Accounting Practices (Brazilian GAAP), with a reconciliation to United States Generally Accepted Accounting... (PR Newswire)
MOSAID Reports Results for Fourth Quarter and Year-End Fiscal 2009 and Dividend Jun 26, 2009
The International Accounting Standards Board will also continue to issue new accounting standards during the conversion period and, as a result the final impact of IFRS on the Company's consolidated financial statements will only be measured once all the IFRS applicable at the conversion date are known. 12. (CCNMatthews Press Releases)
Accounting board's lobbyists stress independence Jun 26, 2009
A coalition of insurance companies today expressed serious concerns about the possible impact on insurers of changes to the Available for Sale (AFS) classification of investments proposed by the International Accounting Standards Board and the Financial Accounting Standards Board (FASB). The Group of North American Insurance Enterprises (GNAIE) told IASB chair Sir David Tweedie that "severe ramifications" could result for insurance companies should AFS be changed in a manner that would harm... (Fresno Bee -- Business)
IBM Adds Industry-Specific Business Intelligence Offerings Jun 4, 2009
The models support new rules from the Securities and Exchange Commission, International Financial Reporting Standards and International Accounting Standards. For health-care providers, IBM analytics software can tap into clinical, operational and financial systems, including billing, lab, pharmacy and electronic medical record systems, in order to develop best practices. (TechWeb)
IBM Expands Software Portfolio to Help Clients Keep Pace with Information Explosion Jun 3, 2009
New models now support new rules from the Securities and Exchange Commission, International Financial Reporting Standards and International Accounting Standards. InfoSphere Clinical Analytics for Healthcare Providers - This analytics software integrates healthcare information from a variety of sources, helping providers improve the quality of care and efficiency of treatment to their patients. (PR Newswire)
IASB clarifies prepayments for pension plans Jun 3, 2009
The International Accounting Standards Board (IASB) has put forward proposals for amendments to IFRIC 14IAS 19, which deals with prepayments for pension plans. The changes are aimed at correcting an unintended consequence of IFRIC 14, which resulted in entities in some circumstances not being permitted to recognise as an asset some prepayments for minimum funding contributions. (Accounting Web, UK)
Closing the gap on fair value measurement May 30, 2009
The International Accounting Standards Board (IASB) has set out proposals for a new standard on fair value measurement, but what does it mean for UK accountants. Gina Dyer reports. (Accounting Web, UK)
Fair value reform pushed forward May 22, 2009
The International Accounting Standards Board (IASB) has agreed to speed up the revision of fair value and mark-to-market rules. News reports indicate that the standards setter took the decision at a board meeting held yesterday. (Accounting Web, UK)
Iteration Energy (ITX) announces March 31, 2009 first quarter results May 15, 2009
QUICK SEARCH BY ORGANIZATION. FREE SUBSCRIPTION SERVICES. (Canada Newswire)
AEGON Significantly Improves Earnings in First Quarter of 2009 May 14, 2009
All accounting policies and methods of computation applied in the condensed consolidated interim financial statements are the same as those applied in the 2008 consolidated financial statements, which were prepared in accordance with the International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board and adopted by the European Union, except for the changes highlighted below. The following new standards and amendments to standards are mandatory for... (PR Newswire)
Research On Emerging Capital Markets May 14, 2009
In conjunction with the local accounting or financial standards of reporting, the government should fully adapt to the International Financial Reporting Standards (IFRS), International Accounting Standards Board (IASB) as well as International Accounting Standards (IAS) of reporting. Moreover, the individual financial professionals can set up or form committees or associations that will serve as independent oversight committees to ensure the full compliance with the international reporting... (Ghana Web, Ghana)
Ridley Inc. Reports Financial Results for Fiscal 2009 Third Quarter May 12, 2009
The process will be on going as new standards and recommendations are issued by the International Accounting Standards Board and AcSB.. Goodwill and Intangible Assets. (CCNMatthews Press Releases)
Stirring the moribund corporate bond market May 9, 2009
The International Accounting Standards Board (IASB) is working on issues involving an illiquid market. In Malaysia, an independent valuation is provided by BPAM, taking into account factors such as credit and market risks, interest rates and mark-to-market. (The Star Online, Malaysia -- Business)
EU Ministers Ask IASB 'Please Expla... May 9, 2009
Charlie McCreevy, EU internal market commissioner, urged the International Accounting Standards Board (IASB) last Thursday (May 7), at the Financial Reporting in a Changing World conference in Brussels, to be more flexible on mark-to-market accounting rules in the light of the current financial crisis ... The International Accounting Standards Board needs to show they understand these concerns and can take the steps necessary to address them quickly. (Suite101.com)
China, UK should strengthen co-op: Wang Qishan May 9, 2009
He said that it also was important to improve the basic financial system, including international accounting standards, valuation of complex financial products, governance structure, the credit rating system and internal risk management. Concerning financial stability, Wang said "we should keep exchange rates of major currencies stable through exchange rate policy coordination.". (Xinhuanet, China)
Enerplus announces results for first quarter 2009 May 8, 2009
General and Administrative Expenses ("G During the first quarter of 2009 Gnses increased 9% to $2.21/BOE or $18.9 million compared to $2.03/BOE or $16.4 million in the first quarter of 2008. The year-over-year increase was primarily due to higher compensation costs associated with the increased number of employees along with increased office space. Gthe quarter was in line with expectations and on a BOE basis we expect it will increase during the year as our production is anticipated to decline.... (Canada Newswire)
Charity targets Big Four in tax dodge campaign May 7, 2009
Heads of the Big Four are being encouraged to use their influence at the International Accounting Standards Board to pave the way for country-by-country reporting. Weve spoken with all of the Big Four and none of them has indicated that they are willing to support country-based reporting of profits, said Christian Aid statement. (Accounting Web, UK)
Emphasis of matter paragraphs in company accounts May 6, 2009
Company accounts must be prepared in accordance with the Companies Act or in line with international accounting standards and both assume that the company carries on its business as a going concern unless there are special reasons for not doing so, for example, if the company in question has ceased trading, is in the course of liquidation, or the directors have no realistic alternative but to liquidate the company or to cease trading. In deciding whether the going concern basis is appropriate,... (Accounting Web, UK)
Aussie banks face profit hit next year May 5, 2009
The International Accounting Standards Board (IASB) is currently reviewing a decision of its US counterpart to allow banks' loan loss provisioning to be based on expected losses from customer default risk profiles, rather than on the current incurred loss model. A decision by the London-based IASB is likely to follow that of the US Financial Accounting Standards Board (FASB) and is expected from mid-2010, Angus Thomson, technical director of the Australian Accounting Standards Board (AASB) said. (Sydney Morning Herald -- Business)
Canada Revises Accounting Rules to Meet Global Standards, Narrow U.S. Gap May 1, 2009
This is good news for investors and financial analysts because, by aligning more closely with international accounting standards, it will make it easier for them to compare financial statements of Canadian companies with those of their international competitors. . (Bloomberg -- Canada)
Mark-to-Market takes Precedence in ... Apr 30, 2009
The group was established by and receives staff support from the two global accounting standard setting authorities - the London-based International Accounting Standards Board (IASB) and US-based Financial Accounting Standards Board (FASB). The two boards have been for some years working on converging the US General Accepted Accounting Principles (GAAP) and International Finance Reporting Standards (IFRS). (Suite101.com)
US changes should not be adopted, says ICAS Apr 30, 2009
ICAS argues that the International Accounting Standards Boards' (IASB) existing guidance in this area is sufficient and any further changes will question the ability of the standard setter to withstand political pressure. The IASB should resist following the example of the United States", said High Shield, chief economic adviser at ICAS."The US changes are an attempt to respond to institutional concern about current market conditions but risk undermining investor confidence at a critical time... (Accounting Web, UK)
Centerra Gold Reports First Quarter Results Apr 30, 2009
See "Non-GAAP Measures below. Major Assumptions and SensitivitiesThe following material assumptions have been updated from the prior disclosed guidance in light of current market conditions. In particular, material assumptions or factors used to forecast production and costs include the following:- a gold price of $900 per ounce,- exchange rates:-- $1USD:$1.26CAD-- $1USD:41 Kyrgyz Som-- $1USD:1,500 Mongolian Tugrik-- $1USD:0.80 Euro- diesel price assumption:-- $0.55/litre at Kumtor-- $0.85/litre... (CCNMatthews Press Releases)
Msian firms move closer to new accounting standard Apr 30, 2009
KUALA LUMPUR: Malaysian companies are getting closer to international accounting standard convergence, says International Accounting Standards Board (IASB) chairman Sir David Tweedie. They should be ready to use the International Financial Reporting Standards (IFRS) by 2012, he said after a conference on international accounting standards organised by the Malaysian Accounting Standards Board yesterday. (The Star Online, Malaysia -- Business)
IFRS convergence on track in US Apr 30, 2009
The plan to accelerate convergence between international and US accounting rules remains on track, according to the International Accounting Standards Board (IASB). The IASB and the US Financial Accounting Standards Board (FASB) have agreed to complete 11 major joint projects by 2011 to improve and converge major areas of accounting such as revenue recognition and pension accounting. (Accounting Web, UK)
Cut off for IFRS implementation draws nearer Apr 20, 2009
The rate the international standards setting body, International Accounting Standards Board (IASB), had been issuing the new standards in recent years clearly indicates that the body of knowledge in accounting has been changing, and strongly points towards a new breed of accountants and financial experts. This new skill set is crucial for adequate handling of the complex standards related to FRS 139 and the whole set of IFRS. The amount of knowledge necessary to handle such work should not be... (The Star Online, Malaysia -- Business)
Panel zeros in on the relevance of fair value accounting Apr 20, 2009
In view of the criticism levelled at fair-value accounting, the International Accounting Standards Board (IASB) is considering revising its rules and some European countries are even looking for exemptions from the international standards. And on the homefront, the reality of fair-value accounting will set in when Financial Reporting Standard (FRS139) Financial Instruments: Recognition and Measurement comes into effect Jan 1, 2010. (The Star Online, Malaysia -- Business)
Banks must take their medicine Apr 18, 2009
Over the years, international accounting standards have been adopted and enforced. This did not come about overnight. (Sydney Morning Herald -- Business)
Banks and accounting standards: Messenger, shot Apr 11, 2009
European ministers instantly demanded that the International Accounting Standards Board (IASB) do likewise. The IASB says it does not want to be piecemeal , but the pressure to fold when it completes its overhaul of rules later this year is strong. (The Economist)
Boost to transparency Apr 10, 2009
However, the International Accounting Standards Board believes that companies are unlikely to suffer competitive harm from the required disclosures since most competitors would have sources of detailed information about a company other than its financial statements. Developing good strategy. (The Star Online, Malaysia -- Business)
REMINDER: XBRL Canada Webinar: Regulatory Filing for Canadian Companies in the Face of XBRL and IFRS Apr 9, 2009
The event features prominent speakers from the SEC, the CSA and the International Accounting Standards Committee (IASC) Foundation (creators of the IFRS XBRL taxonomy), and is a must attend for IROs, Canadian cross-listed companies, other Canadian public companies, investment analysts and advisors. EVENT DETAILS: DATE: Wednesday, April 15, 2009, 12:00 - 4:00 pm Eastern SPEAKERS/AGENDA: - 'The Impact of New SEC Rules on Canada', Stephen Sadoski, SEC, 12:00 - 12:20 pm - 'Canadian Companies,... (CCNMatthews Press Releases)
Canada Hasn't Made Decision on Mark-to-Market Accounting, Regulator Says Apr 8, 2009
The International Accounting Standards Board will discuss fair-value accounting on April 23 and 24, the Canadian group said in a statement. To contact the reporter on this story: in Toronto at. (Bloomberg -- Canada)
Banks press accounting body to adopt U.S. rules Apr 8, 2009
Canada's Accounting Standards Board is waiting because it wants to see what the International Accounting Standards Board (IASB) decides to do about the U.S. amendments at a meeting on April 23 and 24 in London, said Paul Cherry, chairman of the Canadian board. He said Canada is caught in a dilemma because it normally harmonizes with U.S. accounting rules, owing to the integrated nature of the two economies: We're sensitive to the fact we have strong economic ties to the United States. (Globe and Mail)
Well done, India Apr 8, 2009
The Basel Committee, which aims to improve banking supervision worldwide, is a member of the FSF along with other international standard-setting bodies - the committee on the global financial system, the committee on payment and settlement systems, the International Association of Insurance Supervisors, the International Accounting Standards Board and the International Organization of Securities Commissions. The Switzerland-based FSF in turn coordinates with senior representatives of national... (Asia Times Online)
South Africa: Accounting 'Not to Blame' for Crisis Apr 8, 2009
Tweedie, who is the chairman of the International Accounting Standards Board, said a number of initiatives had been highlighted by the board as cause for concern in light of the global financial crisis ... The International Accounting Standards Board (IASB) is striving to amend accounting standards in light of the financial crisis. (allAfrica.com)
Too much data, not enough information says ICAS Apr 7, 2009
The accounting body put forward this view in a submission to the Financial Crisis Advisory Group recently, a panel set up by the International Accounting Standards Board and its US counterpart, the Financial Accounting Standards Board to consider the standard setting implications of the global financial crisis. ICAS strongly believes that accounting has not caused the economic crisis and should not become a scapegoat for failures in decision-making, said Hugh Shields, chief economic adviser at... (Accounting Web, UK)
* EU struggles to implement reform Apr 6, 2009
They called on the standard-bearer for Europe, the London-based International Accounting Standards Board, to work with its US counterpart with the aim of achieving equivalent treatment for European banks. The ministers said that bringing the international accounting standards in force in Europe in line with the US rules was necessary to avoid risks of competitive distortions emerging. (Taipei Times, Taiwan -- Sports)
EU finance chiefs battle to overhaul bank rules Apr 6, 2009
They called on the standard bearer for Europe, the London based International Accounting Standards Board, to work with its US counterpart with the aim of achieving equivalent treatment for European banks. BUSINESS SERVICES. (Business Report, South Africa)
ECB Considers Use of New Tools to Bolster Economy as Finance Chiefs Bicker Apr 6, 2009
The International Accounting Standards Board, which writes the rules used in Europe, must cooperate with the U.S. Financial Accounting Standards Board, the ministers said in a statement on April 4. A goal is to avoid competitive distortions, they said. (Bloomberg -- Europe)
G20 offers $1-trillion in aid, few specifics Apr 4, 2009
The G20 countries also agreed to rein in the world's financial system through the creation of international accounting standards, the regulation of debt-ratings agencies and hedge funds, a clampdown on tax havens and controls on executive pay. But the lack of details on these proposals suggests they will not become effective any time soon. (Globe and Mail -- International)
Europe lays blame firmly at US door Apr 4, 2009
Drawing up a new set of international accounting standards and creating some kind of uber regulator are both interesting concepts. This may or may not prevent this mess from reoccurring but it's a good public relations exercise and ticks lots of the right boxes. (Sydney Morning Herald -- Business)
Banks may boost profits under new rules Apr 3, 2009
The Australian Accounting Standards Board (AASB) has called for an urgent decision from the International Accounting Standards Board (IASB) on how banks worldwide value assets. The move follows the United States Financial Accounting Standards Board (FASB) voting unanimously to soften its mark-to-market valuation rules, which has spurred a global rally in banking stocks. (Sydney Morning Herald -- Business)
At a glance: G20 agreement Apr 3, 2009
International accounting standards will be set. Credit rating agencies will be regulated in order to remove their conflicts of interest. (BBC News -- Business)
Wall Street rallied on Thursday with all major indexes rising more than 2 percent, and Chinese equities closed 0.72 percent up to stand at 2425.29 points, setting a new high since late August last year.• Brown: G20 summit results will shorten recession Apr 3, 2009
He said that international accounting standards would have to be set and that there would need to be tighter regulation with regards hedge funds and tax havens. "We will implement new rules on pay and bonuses at a global level that reflect actual performance with no more rewards for failure," Brown added. (Xinhuanet, China)
Fresh hope sends London shares ov... Apr 2, 2009
Mr Gardiner played down today's G20 meeting as an explanation for the rally, arguing that international accounting standards setters could have a bigger impact later today. They are due to rule on whether to relax the mark-to-market accounting rules which have arguably exaggerated the banks' losses and so worsened the market fall. (New York Post -- Business)
Theratechnologies Announces Financial Results of the First Quarter 2009 Mar 26, 2009
In February 2008, Canada's Accounting Standards Board of Canada ("AcSB") confirmed that Canadian GAAP, as used by publicly accountable enterprises, would be fully converged into IFRS, as issued by the International Accounting Standards Board ("IASB"). The changeover date is for interim and annual financial statements relating to fiscal years beginning on or after January 1, 2011. (CCNMatthews Press Releases)
FRC backs Turner's cycle reserve plans Mar 24, 2009
The International Accounting Standards Board (IASB) should look at the requirements of IAS 39, particularly the relative merits of the incurred loss and expected loss models. There are likely to be unforeseen circumstances affecting all the potential solutions being considered. (Accounting Web, UK)
ICAEW signs Romanian agreement Mar 24, 2009
The ICAEW and the Body of Expert and Licensed Accountants of Romania (CECCAR) have signed an agreement to jointly promote and develop the accounting and auditing profession in both countries. The agreement involves undertaking joint activities such as conferences, sharing of expertise and experience on technical matters and CPD iniatives for members. (Accounting Web, UK)
Open Range Energy Corp. Announces 2008 Financial and Operating Results Mar 20, 2009
The International Accounting Standards Board (IASB) has also issued an exposure draft relating to certain amendments and exemptions to IFRS 1 ... The International Accounting Standards Board (IASB) has also issued an exposure draft relating to certain amendments and exemptions to IFRS 1. (CCNMatthews Press Releases)
Delphi Energy Achieves Record Fourth Quarter 2008 Results Mar 19, 2009
Delphi will update its IFRS changeover plan to reflect new and amended accounting standards issued by the International Accounting Standards Board ... The International Accounting Standards Board (IASB) has issued an exposure draft relating to certain amendments to IFRS 1 in response to potential challenges in jurisdictions, including Canada, adopting IFRS for the first time. (CCNMatthews Press Releases)
