CEDAR RAPIDS, IA--(Marketwire - Feb 19, 2013) - After reaching 8,000 subscribers in October of 2011, ETM now has more than 16,000 holders of unclaimed property subscribed to UPExchange, its acclaimed system for unclaimed property reporting. The only SaaS offering of its kind on the market, UPExchange automates the management and reporting of unclaimed property to meet regulatory requirements. And UPExchange is endorsed exclusively by NAUPA* (the National Association of Unclaimed Property Administrators).

"We're certain the NAUPA endorsement has helped," said Layton Olson, EVP at ETM. "But we also have to believe -- especially given the number of subscribers who've volunteered to speak with our prospects, to submit testimonial statements, and who've agreed to be interviewed for case studies -- that the effectiveness of UPExchange has a little something to do with our success, as well. In any event, we're happy and humbled to have so many companies subscribing to the system."

UPExchange helps companies that hold unclaimed property automate their reporting in accurate accordance with state-sponsored regulatory changes. It also enables holders to remit reports and payments online to those states that accept them. 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 -- calculating dormancy requirements by state by property type, producing and documenting due diligence letter activities, creating reports to each states specifications, and more. And with the combination of SaaS delivery and intuitive usability, many holders are up and running on UPExchange in as little as 60 seconds.

About ETM
ETM is a Web-application-development firm that specializes in providing statutory financial reporting, tax-compliance, and unclaimed property reporting services, making its clients more efficient, consistently accurate, and uniformly compliant. Founded in 2001, ETM now serves more than 17,000 companies in automating the administration and filing of financial information to meet numerous regulated reporting requirements. For more information about UPExchange, please visit www.byetm.com/index.php/unclaimed-property, call 800-975-3245, or e-mail sales@byetm.com. To read a white paper on online, electronic reporting, please go to http://byetm.com/index.php/white-paper.

* 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.

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JoAnna Fodero