Press Release
iLumen and the Timber Frame Business Council Announce Relationship
to Offer Financial Benchmarking to Association Members
Atlanta, GA, March 21, 2006
In a joint announcement today, iLumen, Inc., a financial information
technology company, and the Timber Frame Business Council, an organization
formed to strengthen the timber frame industry, introduced a relationship
to offer ongoing financial benchmarking to its member firms. Members of
the Timber Frame Business Council include timber frame companies, suppliers
and industry associates throughout the United States and Canada.
“The home building industry is experiencing exceptional growth,
especially within the custom home market,” said Chad DeLong, Executive
Director of the Timber Frame Business Council. “We’ve tried
conducting annual surveys in the past, but the process was too cumbersome
and the information was outdated by the time we were able to present it.
iLumen’s Financial Industry Benchmarking service will give our members
a much easier way to access the ongoing, comparative benchmarking analysis
they have been asking for.”
“Most timber frame businesses were started by, and now are, managed
by craftsmen. As our businesses grow and mature, it becomes clear that
a higher level of financial knowledge and performance is required,”
said John Scott Miller, President of the Timber Frame Business Council.
“iLumen’s online benchmarking service will enable our membership
to enhance their business skills and knowledge in this critical area.”
“The Timber Frame Business Council is an organization that is committed
to providing its members with valuable business information,” said
Robert H. Woosley, Chief Executive Officer of iLumen. “Companies
that subscribe to iLumen’s Financial Industry Benchmarking benefit
from comparing their company’s financial performance versus industry
peer groups that can be customized by company size, revenue and geographic
region.”
“As a growing organization, we are looking for new ways to expand
our reach within the timber frame industry as well as to expand our knowledge
of key trends within the market,” said DeLong. “iLumen’s
services will provide us with the means to actively recruit new members
and continue to deliver value to existing members.”
About the Timber Frame Business Council
The Timber Frame Business Council, headquartered in Hamilton, Montana and
established in 1995, was created as a not-for-profit organization dedicated
to strengthening the timber frame industry. The Council grew out of the
Timber Framers Guild of North America and is dedicated to the education,
marketing and promotion of the timber frame industry.
About iLumen
iLumen, Inc. is a financial information technology company that delivers
and manages private-company data gathering and analysis solutions designed
to solve critical problems in risk management, financial compliance and
financial oversight within the banking, accounting and corporate environments.
iLumen's services are based on a proprietary (patent pending) data warehousing
engine known as iMonitor® that automates and standardizes the gathering,
mapping, analysis and benchmarking of electronic accounting data from private
companies.
iLumen™ and iMonitor® are trademarks of iLumen, Inc., all rights
reserved.
For more information, visit www.ilumen.com
or contact:
Leeann Morris
Media Relations
iLumen, Inc.
404.446.1613
mediarelations@ilumen.com
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