iLumen:PressReleases

RSM McGladrey Announces Long Term Commitment To The iLumen Financial Monitoring And Benchmarking Network

iLumen’s Trending Private Company Industry Benchmarking Services a Centerpiece of RSM’s Commitment

ATLANTA, GA, May 16, 2005 - In a joint announcement today, iLumen Inc., a financial information and technology company headquartered in Atlanta, and RSM McGladrey Inc., a leading business services company, headquartered in Bloomington, Minn., announced a long-term strategic relationship. RSM McGladrey is the first major business services firm to have integrated iLumen’s financial monitoring and benchmarking technology into their service offering known as RSM McGladrey Business Connection.

“RSM McGladrey is a leader in serving midsized companies,“ said Mike Kirley, chief operating officer of RSM McGladrey. “Our relationship with iLumen is evidence of our commitment to client service. Our midsized clients are well positioned to leverage the powerful trending industry benchmarking services offered by iLumen.”

iLumen’s service provides RSM McGladrey clients with a simplified method to submit interim company financial information electronically through a secure data portal. The data is used to monitor growth or decline in key financial metrics and evaluate trends, with an opportunity to make benchmarking comparisons. Clients immediately receive analysis alerts and information on the financial condition of their business.

“RSM McGladrey clients use Business Connection to see trending comparisons on a trailing 12 month, quarterly and annual basis,” said Robert H. Woosley, co-founder and chief executive officer of iLumen. “They can also use this information to effectively understand their financial performance throughout the year and to compare their trends with relevant industry peer groups.”

“iLumen’s patent pending technologies can provide private company clients with valuable information, “ said Tom Murphy, RSM McGladrey executive vice president of manufacturing and wholesale distribution. “iLumen’s technology standardizes private company financial information at a very granular level, resulting in meaningful comparative data for benchmarking clients even in interim periods.

“RSM McGladrey has a wealth of industry expertise,” said Murphy. “iLumen’s financial monitoring and benchmarking services combined with our expertise and commitment to client service represent a powerful advantage for our clients.”

About RSM McGladrey
The RSM McGladrey group of companies are financially focused business services providers that serve midsized companies with tax and business consulting, retirement resources, employer services, corporate finance, wealth management and financial process outsourcing. With 100 offices in the U.S., RSM McGladrey helps clients with global business needs through its membership in RSM International, an affiliation of separate and independent accounting and consulting firms.

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.