Osaba and Account-Reconciliations.com Announce Alliance To Help Corporations Ensure Accurate Financial Reporting and Improve Documentation of Sarbanes-Oxley Controls

CALABASAS, CA and FARMINGDALE, NJ February 3, 2005 -- Osaba and Account-Reconciliations.com today announced a strategic alliance to help corporations ensure accurate financial reporting through the release of an enhanced enterprise version of GL Compliance Manager. GL Compliance Manager will help corporations enhance their Sarbanes-Oxley mandated internal control requirements and will ensure accurate financial reporting by standardizing account reconciliations with a set of customizable account reconciliation templates and by allowing executives to monitor and control the process in real-time. Financial executives will gain better information regarding the general ledger account reconciliation and certification process and will be able to confidently complete their S.E.C. sign-offs related to internal controls. GL Compliance Manager also provides easy verification for external auditors to expedite their review of this critical accounting control process.

Through this alliance, Osaba, the developer of the first enterprise system that manages the general ledger account reconciliation and certification process, and Account-Reconciliations.com, the creator of the only desktop reconciliation tool that standardizes account reconciliations through templates, will deliver the premier account reconciliation tool with best in-class functionality.

Therese Tucker, CEO of Osaba, said, "Account-Reconciliations.com brings a tremendous level of expertise on how companies should be handling account reconciliations in a consistent, compliant manner. Their extensive reconciliation templates, on-line tutorials, and breadth of experience with Fortune 500 companies nicely complements Osaba’s ability to produce reliable enterprise solutions that help corporations manage the approval and review process."

"We are very excited to be working with Osaba to present the enterprise version of GL Compliance Manager to corporations throughout the United States," said Jeff Adler, President of Account-Reconciliations.com. "The combined functionality now contained in GL Compliance Manager has created a unique solution which delivers incredible value to corporations."

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