ELMWOOD PARK, N.J., Feb. 22, 2007 (PRIME NEWSWIRE) -- The Food Institute, a nonprofit organization devoted to providing information to the food industry, and iLumen, Inc., today jointly announced a relationship to provide access to the iLumen Financial Information Network and deliver a benchmarking service to its members. The Food Institute provides real-time information, reports and analysis on issues affecting the food industry from grower to retailer.
"The Food Institute's purpose is to provide our members with a source of valuable industry information in a manner that allows them to act and react quickly," said Brian Todd, president of The Food Institute. "The iLumen Network delivers unique insight for private companies that want to know how their business compares to their own expectations as well as industry peers. The iLumen Network fits perfectly into our objective of offering our members access to real-time information on their business, industry and marketplace."
"The Food Institute's focus on providing industry-specific information to their members throughout the year makes them an ideal sponsor of the iLumen Network," said Robert H. Woosley, Chief Executive Officer of iLumen. "Food Institute members that join the iLumen Network will have access to financial analysis, comparative benchmarking and interactive forums specific to the food industry."
"The iLumen Network delivers a unique financial analysis and benchmarking program to private companies in the food industry," said Todd. "For example, our members in food processing, distribution, and retailing, as well as foodservice will have access to industry-specific dashboards. They can compare their performance against industry peers on a number of custom metrics including financial and non-financial data elements. Information like this has never been easily available before."
About The Food Institute
The Food Institute is a nonprofit organization with a single purpose: providing information. The Food Institute strives to be the best single source for current, timely and relevant information about the food industry "from farm to fork." The association provides its members with a robust electronic "Today in Food Daily Update" with 30+ items, a weekly "FI Report," as well as access to the FI website with market info centers, article archive, economic statistics, resource pages and much, much more. It delivers information through multiple media so that industry professionals worldwide can tap in when and how they choose. For more information, visit, www.foodinstitute.com.
About iLumen
iLumen, Inc. delivers a financial information network for private companies and their trusted business advisors. The iLumen Network is an interactive online community of private companies that join the network to receive greater insight into their business, industry and marketplace through financial analysis, comparative benchmarking, industry intelligence and interactions with their peers. The iLumen Network utilizes proprietary (patent pending) technology and business processes that deliver and manage private company data gathering and analysis solutions. The iLumen Network is used by financial institutions, accounting firms, associations, and other businesses to improve communications and generate financial insights.
For more information visit www.ilumen.com or call 404-446-1600. iLumen and iMonitor(r) are trademarks of iLumen, Inc., all rights reserved.