Reducing Reporting Costs in 2016

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• Discuss challenges facing Reporting Professionals

• Review several “Best Practices”

• Overview on managing SEC Disclosure using Issuer Direct Blueprint Disclosure Management System

Agenda:

© 2016. Issuer Direct Corporation All Rights Reserved

Common challenges financial reporting professionals face…Controlling Costs:Fees for financial reporting include not only the cost of the actual reporting, but the additional cost of communication between auditors, attorneys, internal constituents and external consultants that can often get out of control. Internal/External Issues:• Version Control Issues - These issues cause unnecessary and costly revisions. • Clear Definition of Roles for all parties involved.• Lack of Accountability – Who does what and when.

Timeline Management:Creating a Timeline simply isn’t enough. Who is in charge of following the Timeline and making sure everyone is updated and on the same page? This is one of the biggest issues we come across on a daily basis here at Issuer Direct.

© 2016. Issuer Direct Corporation All Rights Reserved

Typical Financial Reporting Costs Service Software

EDGAR$10/page & $99 to file($5/page for edits)

XBRL$1,000 - $5,000/quarter($195/hour for edits)

Typesetting$25/per page

Initial fee$3,000 – $50,000

Annual Renewal - Subscription$3,000 – $50,000

Support – 24/7/365$1,000 - ?

*Actual costs may vary.

© 2016. Issuer Direct Corporation All Rights Reserved

Internal/External IssuesEvery time a documents change hands, time and money is added to your reporting costs. Some of the biggest efficiency obstacles constituents encounter are:

• Coordinating a realistic timeline

• Staying on Schedule

• Communicating effectively with multiple assets and vendors

© 2016. Issuer Direct Corporation All Rights Reserved

Common Best Practices:Create a Timeline.We strongly suggest that you create timeline at quarter end. Do not wait until it is time to file to start this process. There needs to be a very clear distinction of what is happening when.

Start with a well-drafted document from the beginning.Start with a well-drafted document before sending to the vendor - as close to final as possible. Ensure that the document has been proofed for not only correct content but grammatical errors as well. REMEMBER – Time is Money; the more revisions you have, the more you will spend with your provider!

Submit revisions in rounds versus page by page.When submitting revisions, submit all at once as opposed to page by page or one at a time. This helps streamline the process at both ends.

© 2016. Issuer Direct Corporation All Rights Reserved

Built by leading experts from the ground up on the latest Internet technologies, Blueprint is a cloud based EDGAR filing solution that is easy to use. Our software is easy to support, no hardware or need for any 3rd party solutions, and it is built for the future - specifically to support inline XBRL requirements.

• Cloud-based SEC Disclosure Platform• Auto Document Conversion• Word Processor functionality• LIVE scheduler - sets date & time• Import SEC Archives• Cloud document access• Works on both Mac & PC

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DMS

• Blueprint is powered by our Disclosure Management System or DMS

• 100% Cloud Based• Compliance & Communications Platform• Collaboration & Workflow• Direct file with SEC• Press Release Distribution• SSAE16 Security

Our Disclosure Management System is a secure cloud-based platform that encompasses all the tools necessary to comply with Disclosure Reporting and Shareholder Communication from one single user interface.

Best of all? It’s scalable and easy to use without breaking the bank.

© 2016. Issuer Direct Corporation All Rights Reserved

Issuer Direct is a Disclosure Management and Targeted Communications Company

For over 10+ years Issuer Direct has built a brand around helping our corporate, legal and accounting community with their regulatory mandates.

• Financial & Regulatory Compliance• Press Release Distribution• Transfer Agent• Proxy Services• Earnings Call & Webcast Platforms• Shareholder Analysis & Outreach• Market Data Streams• Investor Relations Websites

© 2016. Issuer Direct Corporation All Rights Reserved

We recognize the complex issues Financial Executives are faced with on a daily basis – and since our inception we understood the need to develop technology with an easy to use, secure workflow platform…we call it our Disclosure Management System – or DMS for short.

We find that many corporate filers annually evaluate the best approach to preparing their SEC disclosures.

A common misperception is that a company should either prepare EDGAR and XBRL files either wholly in-house or completely outsourced to a service provider.

Our view at Issuerdirect offers a flexible approach between those two options. The key is moving to the cloud!

Please visit us at http://www.issuerdirect.com/

© 2016. Issuer Direct Corporation All Rights Reserved