NewRiver, Inc., a provider of e-services for the U.S. financial industry, plans to make its prospectus delivery delivery solution available in Canada.

Prospectus Express will enable Canadian brokerage and mutual fund management firms to provide online services by means of NewRiver’s Canadian data warehouse.

“Prospectus Express offers investment management firms a significant marketing advantage,” said Larry Renfro, NewRiver’s president and CEO.

“Prospectus Express streamlines the sales process and empowers investors by helping them make investment decisions through immediate electronic access to related regulatory information. We’re excited to be providing Canadian brokers and fund management firms with a solution that has been so widely embraced, and to be able to integrate it with the Canadian SEDAR database.”

The product has become the industry standard in the United States for electronic, regulatory-compliant solutions allowing brokerage and other investment management firms to provide a comprehensive online library of prospectuses and other fund disclosure documents to investors.

Prospectus Express enables investors to retrieve, view and make decisions based on information accessed through client branded web sites on a 24×7 basis, rather than waiting for printed information to be available.

The Canadian version of the product offers a complete menu of mutual fund compliance information sourced directly from the SEDAR database. The data warehouse includes prospectuses, Annual Information Forms, annual and semiannual reports, and amendments. The database is updated daily to identify new filings, often totalling hundreds to several thousand per day.

“Prospectus Express delivers dramatic operational efficiencies and savings for financial services companies,” said Renfro. “Investment firms currently spend $10 billion on paper distribution of compliance and marketing materials. Those adopting Prospectus Express immediately reduce administrative burdens as well as printing and mailing costs.”