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CCH SEC Compliance Desktop Software Meets New Sarbanes-oxley Filing Requirements

(RIVERWOODS, ILL., August 19, 2002) – There is a solution already available for companies who need to comply with the new insider reporting requirements of the latest securities law, the Sarbanes-Oxley Act of 2002. The CCH SEC Compliance Desktop, Section 16a Insider Reporting Module has the tools to fully comply with the Act, according to CCH INCORPORATED (CCH), a leading provider of securities law information and compliance software.

Under the recently passed legislation, beginning August 30, 2002, trades by company insiders must be reported to the Securities and Exchange Commission within two days of the transaction. By July 30, 2003, the SEC filing must be made electronically and, if the company has one, the filing must be posted to the corporate web site within one business day of filing with the Commission.

"Users of the CCH SEC Compliance Desktop, Section 16a Insider Reporting Module have the ability to comply with all these requirements today," said Peter Berkery, Associate Publisher of the CCH Securities Group.

The Section 16a Insider Reporting Module automates the creation and filing of Form 4, and is capable of filing multiple Form 4s within a month. Users can see the Form on-screen as they create it, which helps catch errors. They can enter an unlimited number of securities and footnotes to be applied to any transaction. The software produces an HTML EDGARized Form 4, ready for electronic filing, easing the two-day time limit by eliminating the need to send a paper form by express delivery to the SEC.

In addition, all filings are maintained in a historical database. "This meets the best practices of the industry," Berkery noted.

Like other modules in the SEC Compliance Desktop, the software becomes "smarter" the more it is used. Once a piece of information is entered, it doesn’t have to be entered again when a new transaction has to be recorded. Instead, the data already in the system is called up instantly and entered on new reporting forms. There are also pick lists designed into the system wherever possible to speed data entry. Extensive error-checking minimizes the possibility of mistakes. Extensive filtering options allow the quick generation of reports by use of multiple filters.

All modules in the CCH SEC Compliance Desktop are priced individually to allow maximum flexibility, and discounts apply when multiple modules are purchased.

Other SEC Compliance Desktop modules include:

• Options Module
• Employee Stock Purchase Plan Module
• Performance Plans Module
• Rule 144 Module
• SEC Forms Module, featuring over 160 interactive forms and instructions

In addition to an online tutorial and extensive, context-sensitive help, the subscription price includes on-site or telephone training, all customer service calls and all updates. For complete pricing information, contact your CCH Sales Representative at 888 CCH REPS (1-888-224-7377) or visit secdesktop.cch.com.

CCH INCORPORATED, founded in 1913, has served four generations of business professionals and their clients. The company produces approximately 700 print and electronic products for securities, tax, legal, banking, securities, human resources, health care and small business markets. CCH is a wholly owned subsidiary of Wolters Kluwer North America. The CCH web site can be accessed at cch.com. The CCH Business and Finance group web site can be accessed at businesss.cch.com.

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