NETLEDGER PARTNERS WITH NEW ENGLAND BUSINESS SERVICE TO BRING HIGH-VALUE, LOW-COST BUSINESS FORMS TO NETLEDGER CUSTOMERS
Users of NetLedger's Web-Based Accounting Solution Now
Have Online Access to Impressive Portfolio of Business
Forms and Related Products Designed to Meet Small-Business
MENLO PARK, CA—January 10, 2000—NetLedger Inc.
(www.netledger.com), the premier provider of Web-based
applications for small businesses, announced today it
has entered into an exclusive distribution agreement
with New England Business Service Inc. that makes NEBS
checks and compatible business forms available online
to customers of NetLedger's outsourced accounting services.
NEBS, a leading provider of checks, forms and personalized
products for small businesses, has, in turn, endorsed
NetLedger as its exclusive browser-based accounting
"NEBS does an impressive job of printing and shipping
high-quality checks and other business forms that are
designed specifically for small businesses, the same
market segment that comprises NetLedger's customer base,"
said Bill Mirbach, president and chief executive officer
of NetLedger. "We are pleased to be able to offer
our customers easy access to a portfolio of printed
products that are both high quality and low cost. In
addition, this exclusive agreement allows NetLedger
to showcase its services to the 2.5 million businesses
that have established long-term relationships with NEBS.
This is an ideal partnership for both companies and
will be a significant win for the small-business community."
Added Joel Hughes, senior vice president of channel
marketing for New England Business Service: "NetLedger
has harnessed the power of the Internet to bring a sophisticated,
reliable and cost-effective accounting solution to small
businesses. Their extensive research of the small-business
market has confirmed that owners and managers have neither
the time nor the inclination to hassle with bookkeeping
and financial analysis on their own. NetLedger takes
all of the worry out of these tasks and, because it
is Internet-based, gives small businesses anytime, anywhere
access to their records."
Designed for companies with less than 25 employees,
NetLedger's accounting solution costs $4.95 per month
per user, with unlimited transactions. The company is
currently offering accountants a free second password
for a limited time. NetLedger handles functions ranging
from accounts receivable to sophisticated financial
analysis, while providing data backups and automatic
software upgrades. The service is encrypted to ensure
NEBS designs, produces and distributes business forms,
checks and related printed products and work wear, and
distributes packaging, warehouse supplies, retail merchandising
supplies and other products through direct mail, telesales,
direct sales, dealers and the Internet to 2.5 million
small businesses throughout the United States, Canada,
the United Kingdom and France. It is expanding its offerings
to include a full suite of Internet based services via
its Web site that range from the new NetLedger accounting
solution to free Web hosting to expert advice for small
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