African Financials launches the Green Annual Reports Initiative for Africa (GARI)

Nov. 28, 2008 - PRLog -- African Financials in association with iPaper launches Green Annual Reports Initiative (”GARI”).  GARI is an initiative to promote the publication of annual reports online for statutory reporting purposes.

African Financials recognises the importance of investors receiving adequate financial information regarding listed companies. “We believe that the ability to review a company’s financial statements electronically provides a cost-effective and ‘eco-friendly’ means for companies to provide financial information, and provides a benefit, furthermore, to shareholders and the community. The ability to search through such documents for relevant information also makes electronic communication timely and efficient for shareholders.  Online publication of annual reports will provide significant efficiencies to all reporting companies, including cost reductions that will be in the best interests of shareholders. It will also improve the shareholder experience of being burdened with unwanted amounts of hard copy corporate information in the mail, not to mention the massive benefit to the environment.”

With no bulky downloads from the Internet necessary, interactive online reports (“IORs”) provide shareholders and stakeholders with highly functional text viewing capabilities whilst retaining companies’ printed annual concept and appearance. “It looks and feels like a real annual report but with the electronic benefits of bookmarks and text search.”

For more information on annual reports in Africa visit our website www.AfricanFinancials.com or email ceo@AfricanFinancials.com.  For more information on iPaper annual reporting software email sales@iPaper.co.za or visit our website www.iPaper.co.za.

About AfricanFinancials.com

African Financials is the leading source of annual reports for listed companies in Africa, focused on enhancing African companies' visibility on the global investment stage through increased information accessibility.

About iPaper

iPaper is cutting-edge annual report, catalog and magazine software that converts your static, PDF files into an interactive sales tool that looks and reads like real paper.

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African Is Cool promotes and implements web-based corporate communications to enhance corporate governance and investor relations in Africa. We do this not as a sideline to broking or public relations, or any other business, but as our core focus.