Tuesday, April 28, 2009

PRESS RELEASE: FOOTNOTED.ORG JOINS RESEARCH EDGE PLATFORM

Delivers Actionable Investment Signals Companies Bury in Filings
- Combined with Research Edge Macro and Sector Analysis

New Haven, Conn. -- April 28, 2009 - Research Edge, LLC today announced that Footnoted.org has joined the Research Edge platform, creating additional competitive advantage for Research Edge subscribers. Michelle Leder of Footnoted.org will share ideas generated by her proprietary technology with Research Edge analysts in order to generate comprehensive company alerts to subscribers.

"Footnoted.org creates a unique edge for investors," said Keith McCullough, CEO of Research Edge. "We're delighted to be able to identify investment ideas through a collaboration between Michelle's proprietary algorithms and expertise, and Research Edge's Macro and fundamental Sector research.

"The initial Alert generated by the partnership covered the engineering software firm Autodesk (ADSK). Footnoted.org's technology identified change-of-control adjustments to insider employment contracts combined with insider buying. Research Edge's Macro team identified cyclical mis-pricing based on a perception bottom for the construction industry globally along with ownership concentration, and Rebecca Runkle's Technology team identified strategic and long-term upside in the franchise and management team. Research Edge alerted subscribers on ADSK on March 26, 2009 (for a copy of this alert, email sales@researchedgellc.com).

Footnoted.org combines Michelle Leder's years of investigative business journalism experience with long-baseline monitoring of SEC filings. Such focused analysis reveals shifts in color or tone as well as subtle shifts over time. Examples include adjustments to the inclusion and order of risk factors over time, which General Electric Company did in October 2008 - as well as Apple Inc.'s initial use of the word "depressed" in a regulatory filing in July 2008 to describe the state of the U.S. economy.

"There are no accidents in SEC filings," said Michelle Leder, editor of Footnoted.org. "When a junior analyst picks up an SEC filing, he's seeing it in isolation - and is up against the best lawyers in the world."

Alerts generated through a collaboration of Footnoted.org and Research Edge analysts are available immediately to Research Edge subscribers. Non-subscribers may purchase Research Edge Alerts by contacting sales@researchedgellc.com.

About Research Edge, LLC
Research Edge, LLC is the leading outsourced investment research firm. Focused exclusively on generating and delivering real-time, actionable investment ideas, the firm combines quantitative, bottoms-up and macro analysis with an emphasis on timing - with fundamental, sector-specific research. The Research Edge team features some of the world's most regarded research analysts - united around a vision of independent, un-compromised real-time investment research as a service.

About Footnoted.org
footnoted.org, named a Top 10 business blog by Business Week, CNN and the FT, was launched in August 2003 to coincide with the publication of the book, Financial Fine Print. Each day, the site takes a closer look at the things that companies try to bury in their routine SEC filings. Some posts are simply quirky little factoids while others tend to focus on more serious issues, like aggressive accounting, excessive compensation or the type of questionable self dealing that can often be indicative of more serious problems at a company.

Contact:
Todd Enders
Research Edge, LLC
tenders@researchedgellc.com