SOURCE: Eagle Technology Management, Inc.

August 21, 2007 08:00 ET

ETM Marks 1000th Customer

Financial Reporting and Tax Compliance Specialists Create Niche and Prosper

MARION, IA--(Marketwire - August 21, 2007) - Eagle Technology Management, Inc. (ETM) announces the signing of its 1000th insurance-industry customer. Sterling Life Insurance Company of Bellingham, Washington, purchased ETM's Annual Statement module and State Filing Express.

"I called ETM in early April, hoping we'd be ready for Q2 reporting," said Marty Catron, Sterling Life's head of finance. "They had us up and running in two weeks. So, we were able to process our Q1 statements on their system. We had no idea we'd become their 1000th customer. But with the efficiencies we've gained -- and the ease with which we're able to process statements and regulatory reports -- we're very happy to be working with ETM."

"This is an amazing moment in our growth and evolution," said Larry Kane, ETM's president. "We celebrated our fifth anniversary in business last November. And we're celebrating this milestone just eight months later. It's as gratifying to know we're providing such value to so many people as it is to mark this occasion. We're very grateful for our customers' faith in us and in our product."

ETM, which held its Fourth Annual Wings User Conference in Minneapolis in June, marked the occasion by having a company-wide lunchtime commemoration on July 27 -- then getting back to work. "We've achieved this level of success by developing good products and delivering good service," added Kane. "We'll just continue to do what we do. And we'll celebrate with our users next June in Seattle at our Fifth Annual Wings User Conference."

About Wings

Wings is 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 for insurers. Wings is the only such comprehensive platform in the industry that's available in a fully hosted version.

About ETM

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

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