Press Releases New Products and Conferences

CPA2BIZ ANNOUNCES 2007 YEAR-END BUSINESS RESULT

Reports 2007 Revenue of $17.1 Million; Net Income of $2.3 Million
Launch of Next Generation Web Site Tops List of Successful ’07 Initiatives

(NEW YORK, Oct. 23, 2007) — CPA2Biz Inc., the marketing and technology services subsidiary of the American Institute of CPAs, today announced its 2007 year-end business results at the AICPA Fall Council Meeting being held this week in Tampa.  The company reported revenue of $17.1 million and net income of $2.3 million for the year ending July 31, 2007.  The results reflect strong growth over prior year, which had revenue of $15.7 million and net income of $1.5 million, respectively.

This marks the third consecutive year of profitability for CPA2Biz and coincides with the successful June release of its next generation web site.

“To deliver the financial results we did this year while undertaking such an enormous business initiative is an accomplishment we’re all very proud of,” said Erik Asgeirsson, president and CEO, CPA2Biz Inc.  “The redesigned site is built on a powerful new Web platform and has been re-engineered to give finance professionals enhanced navigation and search, extensive product information, peer recommendations and faster checkout.”

CPA2Biz made the multi-million dollar investment in the next generation site at a time when it is ranked by Internet Retailer as one of the Top 500 e-commerce sites in the U.S. two years in a row.  It demonstrates the company’s willingness to invest in areas that are already performing well in order to meet the increasing demands of its customers.  Since the June release, site traffic has grown 20%.

During the year, CPA2Biz also launched its Trusted Advisor Program; tools, resources and training to help CPAs at small and mid size firms expand their role with clients from technical expert to trusted business advisor.  The new initiative was very well received by CPAsand complements the Business Solutions Program launched by CPA2Biz several years back and which now has about half the CPAs firms in the U.S. enrolled.                             

CPA2Biz is a subsidiary of the American Institute of Certified Public Accountants (AICPA), and provides marketing and technology services to the AICPA for its wide array of products and services, such as continuing education, conferences and professional literature. CPA2Biz also develops and manages client-focused business solutions programs (e.g. payroll, banking) that enable CPAs to build stronger relationships with their business clients or employers. For more information, visit www.cpa2biz.com.

The American Institute of Certified Public Accountants (www.aicpa.org) is the national, professional association of CPAs, with approximately 350,000 members, including CPAs in business and industry, public practice, government, and education; student affiliates; and international associates. It sets ethical standards for the profession and U.S. auditing standards for audits of private companies; federal, state and local governments; and non-profit organizations. It also develops and grades the Uniform CPA Examination.

This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. These statements relate to future events or financial performance.  These statements reflect only management's current expectations. Many factors, risks or uncertainties could cause actual results to differ materially from these forward-looking statements. If one or more of these factors, risks or uncertainties materialize, or if any underlying assumptions prove incorrect, our actual results, performance or achievements may vary materially from any future results, performance or achievements expressed or implied by these forward-looking statements. The company undertakes no obligation to update these forward-looking statements to reflect events or circumstances occurring after this press release.

Press Contact Information:

For CPA2Biz, Inc.:
Pamela Johnston
Public Relations Representative
PJ Inc.
212-629-8445
Pamela@pjinc.net