ETM Continues Momentous Growth With UPExchange

CEDAR RAPIDS, IA--(Marketwire - Jun 14, 2011) - Just a month after releasing several enhancements to UPExchange, its acclaimed service for unclaimed property reporting -- and less than three months after announcing the addition of it 3000^th subscriber to the service -- ETM announces it now has more than 4,500 UPExchange subscribers. A software-as-a-service (SaaS) offering, UPExchange automates the management and reporting of unclaimed property to meet regulatory requirements. The announcement was made at the IASA Annual Educational Conference & Business Show at the Gaylord Opryland in Nashville, TN.

"'The Field of Dreams' response frequently is cited as the fervent hope of business," said Larry Kane, ETM's president. "The hope, specifically, is that if we build it, they will come. Given the landslide response we've received since launching UPExchange last June, it's hard not to think about that now. But we don't take its success for granted. With the input of our subscribers, we continue to refine it. We continue to learn. And we remain determined to continually improve it. We can't thank our subscribers enough for their support."

Because it helps the states and their constituent holders to meet regulatory requirements, UPExchange is exclusively sanctioned by NAUPA* (National Association of Unclaimed Property Administrators) and helps the companies that hold unclaimed property automate its reporting in accurate accordance with state-sponsored regulatory changes. To meet end-user requirements, it's accessible from anywhere with just a browser and can be configured with all the fundamental capabilities unclaimed property professionals expect -- importing unclaimed property records while checking for errors, calculating dormancy requirements by state by property type, producing search letters, documenting due diligence activities, creating reports to each state's specifications, and more.

* NAUPA's endorsement pertains to the free holder-reporting software. Neither NAUPA nor its member states endorse any other products or services available to holders through ETM.

About ETM
ETM is a development firm that specializes in providing financial reporting and tax-compliance services. ETM is dedicated to financial processing and reporting, making its clients more efficient, consistently accurate, and uniformly compliant. Founded in 2001, ETM now serves more than 5,500 companies in automating the administration and filing of financial information to meet numerous regulated reporting requirements. For more information, please visit www.byetm.com, call (800) 975-3245, or e-mail sales@byetm.com.