SOURCE: EagleTM

November 13, 2006 12:53 ET

EagleTM Celebrates Fifth Anniversary

Financial Reporting and Tax-Compliance Specialization Leads to Growth, Longevity

MARION, IA -- (MARKET WIRE) -- November 13, 2006 -- Eagle Technology Management, Inc. (EagleTM) is celebrating its fifth year in business this month. EagleTM pioneered the technology for automating annual financial statements for insurers. Its product line has expanded to include WINGS, an enterprise program for financial and tax-compliance reporting that puts all of its functionality in a single processing environment -- with a common, relational database -- comprising applications for annual statements, state filings and forms, and premium and municipal taxes.

"It's fair to say we founded this industry," said Larry Kane, EagleTM's president. "In addition to developing the software by which financial statements are prepared and submitted, we've maintained our focus, expanded our product line, and grown our customer base. While most companies find their niches, we literally created ours. And we're very proud of what we've achieved in our first five years."

EagleTM boasts annual customer-renewal rates of more than 95 percent, with most turnover attributed to mergers and acquisitions.

"We've solved the equation of price, cost, and value," Kane added. "By expanding our customer base, we're able to translate development costs into a very competitive price point. Because our product quickly and efficiently prepares, verifies, and produces statements, forms, and returns, our customers can concentrate on their core businesses, revenue generation, and customer service."

About EagleTM

EagleTM is a software and procedures-development firm that specializes in providing financial reporting and tax-compliance application for insurers. EagleTM is dedicated to efficient financial processing and reporting, making its clients more efficient, consistently accurate, and uniformly compliant. For more information, please visit www.eagletm.com, call (800) 975-3245, or e-mail sales@eagletm.com.

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