TORONTO, ONTARIO--(MARKET WIRE)--Nov 23, 2007 -- XBRL Canada, member jurisdiction of XBRL International, elected their 2008 board during an annual general meeting held November 7. XBRL (eXtensible Business Reporting Language) is growing rapidly around the world and is set to become the standard way of recording, storing and transmitting business financial information.

"During the past year, XBRL Canada has made significant progress in our intent to further adoption of XBRL by Canadian companies and promote the benefits inherent in its use," said Gerald Trites, project director, XBRL Canada. "In 2007, we saw the launch of the Voluntary Filing Program, acknowledgment by XBRL International of the updated version of the Canadian GAAP PFS Taxonomy and we hosted educational seminars in Toronto and Vancouver".

Below are the new names and positions for XBRL Canada:

- Chair: Wasim Thaha, TNT Filings Inc.

- Vice-Chair: Karl Oanes, Marketwire

- Chair, Domain Group: Chantal Rassart, Deloitte & Touche LLP

- Vice-Chair, Domain Group: Geoff Zakaib, Know2Act Corporation

- Chair, Marcomm: Don Geiger, International Federation of Accountants (IFAC)

- Vice-Chair Marcomm: Lisa Davis, Marketwire

Steering Committee members at large include:

- Individual: Diane Mueller, JustSystems

- Corporate: Alastair Nimmons, PricewaterhouseCoopers LLP

- Government: Robert Walters, Treasury Board of Canada Secretariat

- Past Chair: William Swirsky, Canadian Institute of Chartered Accountants (CICA)

XBRL Canada strongly encourages all interested parties to attend "Convergence, Communication, and Interactive Data", the 16th XBRL International Conference at the Sheraton Wall Center, Vancouver Canada December 3-6, 2007. Conference highlights include keynote addresses from Christopher Cox, Chairman, US Securities and Exchange Commission, and Don Tapscott, author of "Wikinomics: How Mass Collaboration Changes Everything". Pre-conference workshops include "An Introduction to XBRL", "Advanced Implementation Global Ledger Framework", and more. Breakout sessions are scheduled daily by conference tracks - External Reporting, Internal Reporting, Public Sector, International Adoption, Taxonomy Development, and Developers.

About XBRL Canada

XBRL Canada is a not-for-profit consortium of leading Canadian companies and organizations, whose role is to create and maintain XBRL taxonomies based on Canadian reporting standards, to increase the awareness, knowledge and understanding of XBRL and its uses in Canada, and to stimulate and promote the adoption of XBRL in Canada.

     Contacts:
     XBRL Canada
     Jerry Trites
     Email: gtrites@zorba.ca