iLumen:PressReleases

The Leading Edge Alliance And iLumen To Bring Financial Information Network To Member Firms

Prominent Accounting Association To Offer iLumen's Financial Monitoring And Benchmarking Services To Member Firms

ATLANTA, GA, September 22, 2005 - In a joint announcement today, iLumen Inc., a financial information and technology company, and The Leading Edge Alliance, an alliance of major independent accounting and consulting firms, announced a strategic partnership to offer iLumen’s financial monitoring and benchmarking services to its member firms. iLumen will also supplement The Leading Edge’s annual benchmarking survey by automating a portion of the survey as well as providing ongoing comparative trends for participating firms.

“The Leading Edge Alliance is one of the premier accounting associations and their members are seen as thought leaders in the accounting profession,” said Robert H. Woosley, Chief Executive Officer of iLumen. “The Leading Edge Alliance understands the unique challenges of its members and sought to find a technology that automated the exchange of real-time, financial information from their private company clients.”

“We have been following iLumen as an emerging trend and watched as they’ve gained traction within the accounting profession,” said Gary Shamis, Chairman of The Leading Edge Alliance. “We wanted to give our members preferred access to iLumen’s innovative financial monitoring and benchmarking services so they can begin to realize competitive advantages and efficiencies within their own firms.”

“The need for interim, trending financial information and industry benchmarking has been a major concern for many of our member firms,” said Karen Kehl-Rose, President of The Leading Edge Alliance, “We did our research and feel that iLumen delivers a solution that not only addresses this problem but allows CPAs to enhance client relationships throughout the year.”

About The Leading Edge Alliance
The Leading Edge Alliance is an alliance of major independently owned accounting and consulting firms that share an entrepreneurial spirit and a drive to be the premiere providers of professional services in their chosen markets. Leading Edge members are firms that are preserving the core quality and integrity of the public accounting profession while stimulating growth and progress through innovative practices. The alliance consists of 104 member firms worldwide and well over $1billion US in annual revenue.

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.