UBmatrix Host of Webinar Featuring the SEC's Corey Booth

US Securities and Exchange Commission's IT Head To Discuss XBRL Adoption and More at June 16 Online Conference

Madrid, Kirkland June 16, 2006 - UBmatrix™, a leading provider of software and services leveraging the global XBRL standard, is sponsoring a webinar today on XBRL (eXtensible Business Reporting Language), featuring R. Corey Booth, Chief Information Officer and Director, Office of Information Technology, U.S. Securities and Exchange Commission.

Among the topics Booth will discuss are the SEC's efforts to encourage adoption of XBRL and what adoption will mean for financial reporting and decision-making.

"UBmatrix is please to be sponsoring this online seminar with Mr. Booth. The SEC has been a strong proponent of XBRL and has done much to increase awareness in both public and private companies," commented Darren Peterson, Director of Marketing at UBmatrix. "Still, there is an appetite for more information by those considering use of XBRL in the EDGAR filing process, and even more about how companies can benefit from it internally. We hope to answer some of those questions today."

The SEC announced in March that 17 companies had joined the pilot program to use interactive data in their financial statement filings. Those companies will help the agency explore how Internet-based reporting can improve the financial reporting process for investors, intermediaries, the SEC and the companies themselves.

Speaking at the 13th XBRL International Conference in Madrid, Spain, on May 16, 2006, Booth said that the SEC had been explicitly involved in XBRL-related work for over a year, and that many there are "excited about what we typically call interactive data -- that is, improving corporate reporting through technology."

Booth praised the "potential benefits" of XBRL, including "greater transparency of financial information, reduced costs for investors and analysts, potentially even deeper coverage of mid-cap companies by analysts, and ultimately more efficient markets."

Booth was named the SEC's Chief Information Officer in January 2004. Previously, he had served as the Associate Principal of McKinsey and Company's Business Technology Office in Chicago. As a leader of that consulting practice, Booth focused on information technology, working with a variety of large corporate IT organizations, primarily wisthin the financial services industry.

UBmatrix will host a workshop on use of XBRL within the enterprise following the keynote presentation.

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.