ATLANTA, Dec. 16, 2004 (PRIMEZONE) -- iLumen Inc., a financial information and technology company headquartered in Atlanta, today announced a strategic relationship with Bowman Communications, a leading provider of independent analysis and counsel to the CPA profession. For their 2005 study, Bowman will use iLumen's iMonitor(r) financial monitoring and benchmarking technology to import and analyze data for benchmarking reports delivered to participating CPA firms.
"By harnessing the power of iMonitor technology for our Annual Analysis of CPA Firms we will enable participants to see exactly how their individual firm's financial performance is trending relative to averaged data from comparable firms," said Arthur W. Bowman, President of Bowman Communications. "Using the iMonitor platform, we can deliver accurate and timely business performance information to the market faster and more accurately than ever before."
"Bowman Communications is recognized as a leading source of information for those professionals who manage CPA firms," said Robert H. Woosley, Co-founder and Chief Executive Officer of iLumen. "iMonitor will help Bowman take its annual survey to the next level. Together we will be able to deliver accurate, up-to-date data that provides trending financial information for accounting firms throughout the year."
Many of the CPA firms using Bowman's benchmarking service will also be evaluating iMonitor's client portfolio management capabilities for use in their own practices. The service improves financial transparency and enables CPA firms to monitor the ongoing financial performance of their business clients.
About Bowman Communications
Bowman Communications, Inc., provides independent analysis and counsel to the CPA profession. The company's founder, Arthur W. Bowman, has been observing, reporting and commenting on the CPA profession since 1980. As publisher of the profession's independent authoritative newsletter of record, Bowman FirstAlert, Bowman Communications reports and analyzes the news, trends, strategies and politics in the profession, providing accounting firm leaders with the insight and resources they need to compete and operate more profitably.
About iLumen
iLumen, Inc. is a financial information and technology firm that develops web-based systems to streamline the transmission of private company financial data and produce real-time analysis and benchmarking. The Company's flagship product, iMonitor(r) (patent pending), is an electronic financial information platform that enables oversight for banking, accounting and corporate operations. iMonitor gathers, standardizes and analyzes financial reporting data to provide next generation standards-based benchmarks and trend analysis. For more information visit www.ilumen.com or call 404-446-1601. iLumen(tm) and iMonitor(r) are trademarks of iLumen, Inc., all rights reserved.