UBmatrix Announces Beta Release of XBRL Taxonomy Designer

Formerly called "Automator", UBmatrix™ XBRL Taxonomy Designer gets a new name along with key new features supporting XBRL dimensions and business rules

Madrid, Spain May 15, 2006 - On the eve of the XBRL International conference in Madrid, UBmatrix, a leading provider of software and services leveraging the global XBRL standard, announced the beta release of UBmatrix™ XBRL Taxonomy Designer version 2.5. The new name and versioning happens in conjunction with the renaming of the company's application integration platform and solutions of XBRL software applications, now called UBmatrix™ Enterprise Application Suite v2.5.

"UBmatrix has always seen itself as an innovator, so including additional support for business rules and dimensions was high on our priority list", added Sunir Kapoor, President and CEO of UBmatrix. 'In addition, we changed several of our product names including the name of Automator to UBmatrix XBRL Taxonomy Designer. We wanted the broad scope of our platform to be more evident in our naming strategy. Now, our licensed software products have been brought together under one platform called UBmatrix™ Enterprise Application Suite. Feedback from customers and the market suggests this was the right thing to do."

UBmatrix™ XBRL Taxonomy Designer has been the tool of choice in creating many of the world?s most visible XBRL taxonomies. Included among them are IFRS-GP Taxonomy, US Financial Reporting Taxonomy Framework (USFRTF), UK GAAP, taxonomies for the Netherlands, Singapore, and New Zealand, the KOSDAQ taxonomy, Sumitomo Mitsui Bank letter of credit taxonomy, US SEC certification taxonomy, Microsoft 8K report taxonomy, the US FFIEC Call Report taxonomies, and the European Credit Risk Assessment Services (CRAS) taxonomy.

"UBmatrix XBRL Taxonomy Designer is simply the most robust taxonomy design tool on the market", commented Mr. Charles Hoffman, known as the "Father of XBRL" and Director of Industry Solutions in Finance, at UBmatrix. "Not only does Taxonomy Designer support the latest specifications from XBRL International, it now supports dimensions and complex business rules, features that will become part of nearly all taxonomies. I tend to be our development team's most demanding customer and I must say I am pleased with this release. If you're like me, it will become your trusted tool for implementing XBRL."

Key features of UBmatrix™ XBRL Taxonomy Designer include:

• Taxonomy Design and Editing
• Concepts, Formula, and Dimensions Design
• Extending Existing Taxonomies
• Comprehensive Validation Including FRTA, FRIS, and XBRL Dimensions
• Instance Document Editing and Validation
• Built-in Integration with UBmatrix™ Taxonomy Manager, a full-featured taxonomy development lifecycle management application with collaboration tools, version tracking, and publishing management.

UBmatrix™ Enterprise Application Suite v2.5 includes applications for the development and extension of taxonomies, taxonomy management, report creation, reporting management, and our popular XBRL processing engine. UBmatrix™ Enterprise Application Suite includes:

• UBmatrix™ Taxonomy Manager - Supports the taxonomy development lifecycle by allowing your team to maintain/update existing metadata taxonomies and extensions. Includes collaboration features, full version management with check-in/check-out, taxonomy publishing, and has built-in integration with UBmatrix™ XBRL Taxonomy Designer.
• UBmatrix™ Reporting Manager - Organizations can easily manage report collection and reporting cycles. Manage scheduled or on demand reporting cycles. Review and analyze XBRL instance document submissions. Includes document workflow and provides feedback on document validation and submitter taxonomy extensions.
• UBmatrix™ XBRL Processing Engine - A run-time server software engine for validating and consuming XBRL documents. The processing engine is designed for high volume, large scale business processes that require XBRL data validation and conversion for use in existing applications. The UBmatrix™ XBRL Processing Engine fully supports the XBRL 2.1 specification and is offered in both .Net and Java editions.
• UBmatrix™ XBRL Taxonomy Designer - Integrated Development Environment (IDE) for creating, extending, and validating complex XBRL taxonomies. Includes an instance document editor, a built-in XBRL processor, and in addition to supporting the latest XBRL specification, now supports dimensions and business rules.
• UBmatrix™ XBRL Translator Module - This client- or server-side component can be integrated with forms tools, Microsoft Office documents, and other applications to translate source data into taxonomy-compliant XBRL. Programmatic interface development is supported by the UBmatrix Software Development Kit.

For more information about UBmatrix™ XBRL Taxonomy Designer or other solutions in the Enterprise Application Suite, please visit UBmatrix Products.

About UBmatrix
UBmatrix, Inc. is the leading provider of XBRL-based information exchange solutions for global organizations and enterprises allowing them to more efficiently and effectively address the challenges of business and financial information management, exchange and reporting. XBRL is fast becoming the standard for financial information exchange and reporting demonstrated by the XBRL programs being driven by the SEC, FDIC and the European Central Banks. UBmatrix XBRL solutions increase operational efficiency and financial transparency, and ensure reporting accuracy and regulatory compliance. UBmatrix is based in Silicon Valley with development centers in Kirkland, WA, and New Delhi, India. For further information, visit www.ubmatrix.com

UBmatrix and xBReeze are trademarks of UBmatrix, Inc. US Patent No 6,947,947 B2 and other patents pending. Any third-party trademarks and patents are the property of their respective owners.