iLumen:PressReleases

BDO Seidman Alliance And iLumen Announce Strategic Relationship

ATLANTA, GA, May 3, 2005 - The BDO Seidman Alliance, a nationwide association of independently owned local and regional CPA firms, and iLumen Inc., a financial information and technology company headquartered in Atlanta, today announced a strategic relationship to provide financial monitoring and benchmarking services to BDO Seidman’s alliance member firms. The BDO Seidman Alliance is a professional affiliation of over 250 independent accounting and consulting firms. The BDO Seidman Alliance is affiliated with BDO Seidman, one of the largest professional business services firms in the United States.

“iLumen is the leader in private company financial monitoring and benchmarking technology and services,” said Michael O’Hare, Executive Director, BDO Seidman Alliance . “BDO Seidman Alliance firms are among the leaders in providing professional services to private businesses. iLumen’s services will allow our alliance firms to electronically receive, continuously monitor and benchmark private company financial information from each of their business clients.”

“iLumen’s service provides a simplified method for our clients to submit monthly financial information electronically through a secure data portal,” said John Carpentier, partner with Tarpley & Underwood (a BDO Seidman Alliance CPA firm). “We use iLumen’s services to monitor growth or decline in key financial metrics, as well as to evaluate trends and make benchmarking comparisons. Our CPAs and clients immediately receive analysis, alerts and information on the financial condition of their businesses. With iLumen’s technology, we have a competitive advantage in the marketplace. Now we can react to the changing financial condition of our clients during the course of the year, enabling us to build far better client relationships.”

“Before iMonitor, private companies had no effective way to understand if their business was growing as compared to relevant industry peer groups,” said Robert H. Woosley, Co-founder and Chief Executive Officer of iLumen. “Clients of BDO Seidman Alliance firms will now have the ability to close out their interim books and in one step upload their information to their CPA and see trending industry comparisons on a trailing twelve month, trailing quarterly and annual basis. The result is a better informed CPA and a better served private company.”

About BDO Seidman
BDO Seidman, LLP is a national professional services firm providing assurance, tax, financial advisory and consulting services to private and publicly traded businesses. For more than 90 years, we have provided quality service and leadership through the active involvement of our most experienced and committed professionals.

BDO Seidman serves clients through more than 30 offices and 250 independent alliance firm locations nationwide. As a Member Firm of BDO International, BDO Seidman, LLP serves multi-national clients by leveraging a global network of resources comprised of more than 600 member firm offices in 105 countries. BDO International is a worldwide network of public accounting firms, called BDO Member Firms, serving international clients. Each BDO Member Firm is an independent legal entity in its own country.

About iLumen
iLumen, Inc. (www.iLumen.com), an Atlanta-based financial services company, provides a financial information network that enables virtual business communities. iLumen allows private companies to submit, analyze, aggregate and deliver their financial data in collaboration with their trusted financial advisers including banks, accounting firms and other authorized third parties. iLumen connects private companies with leading accounting firms, financial institutions and industry partners in a secure online environment. The company utilizes proprietary (patent pending) technology and business processes to deliver the first and most widely used business financial network of its type.