The task force began work in early 2004 in response to concerns expressed
by interested parties about the relevance, benefits, and related cost of
certain financial reporting requirements for privately held , for-profit
entities. We
wanted to understand if what many of us had been hearing was simply the
opinion of a vocal minority or the true expression of concerns by stakeholders
of private company financial reporting. And as recent natural
disasters in Florida, Louisiana and Mississippi demonstrate, even local
interpreters can be dislocated and removed from the social services safety
net. Now, our interpreters can work from the comfort of their own
homes, or any other appropriate work environment when they choose to work. "Virtual PBX frees us to focus on running our business, instead of
managing complex and expensive telecommunication equipment.com

Interpreting dreams has a lengthy history, and with that come many theories and superstitions.

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"
Manczak is so impressed with Virtual PBX that he is helping some of his
other traditional phone-based clients to transition to the VirtualPBX system.

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htm)
The American Institute of Certified Public Accountants
(http://www. It sets ethical standards for the profession and
U. Florida's
health care providers simply dial in to the VirtualPBX system and specify the
language required.

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S.S. "It allows us to provide a higher quality service at a lower cost to
our clients.

Media Contacts:
Kerry Swanson
Dovetail Public Relations
408-395-3600
kerry@dovetailpr.com , Inc.

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The task force, sponsored
by the American Institute of Certified Public Accountants (AICPA ), based its
conclusions on the inputs of more than 3,700 business owners, public
accounting practitioners , financial managers, lenders, investors, and
sureties. The study included the use
of focus groups , a stratified random sample telephone survey and an open,
on-line poll.
Barry Melancon, AICPA President and CEO, commented, "We are happy to say
that the AICPA Board of Directors (subject to input from its Governing
Council), the Financial Accounting Foundation (FAF) and Financial Accounting
Standards Board (FASB) have agreed to work further to collaboratively explore
an appropriate course of action to improve the usefulness of private company
reporting.

Virtual PBX(R) Helps Non-Profit Language Interpretation Company Save Lives in Florida

Although Manczak's experience was in operating traditional North American
call centers, he decided to pursue a virtual call center strategy with the
State of Florida.
The system is similarly straightforward for Manczak's home-based
interpreters.

It's quite possible that the only person qualified to interpret your dream is you.

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"
The FAF and FASB neither endorse nor reject the task force's conclusions.
Census Bureau survey , nearly 20 percent of Americans speak a language other
than English. The three primary customers for Virtual PBX services include small
businesses that want full PBX functionality without the capital and support
expense of installed equipment; companies of any size that need to route calls
to telecommuters or other employees outside of a main office; and enterprises
looking for phone system disaster recovery solutions.

fated dreams

AICPA Working With the FAF and FASB on Next Steps

NEW YORK, A task force comprised of key
constituents of private company financial reporting has unanimously
recommended that a process be established to evaluate potential changes to
Generally Accepted Accounting Principles (GAAP) in order to improve the
usefulness of private company financial reporting. The same survey found that nearly 12 million Americans, or
4.

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Those standards govern the preparation of
financial reports and are officially recognized as authoritative by the
Securities and Exchange Commission and the American Institute of Certified
Public Accountants.5 percent, live in linguistically isolated homes where no one in the
household aged 14 or older is able to speak English "very well. His
non-profit enterprise has grown to include government agencies, healthcare
systems, and customer service call centers.

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The Financial Accounting Foundation is responsible for overseeing, funding
and selecting the members of the FASB and the GASB.
In 2004, Jim Manczak , a 10-year veteran of the $250 million-plus annual
interpretation services industry, had a better idea. He chose a hosted PBX phone system from San Jose-based
Virtual PBX(R) ( http://www.virtualpbx . "And the
technology becomes outdated within two years.
Operation of the VirtualPBX(R) system is straightforward.
"Virtual PBX really helps us reduce technology and management costs,
without making compromises to quality, reliability or features," concludes
Manczak.

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Virtual PBX continually updates their technology, so I never have to worry
about the system becoming obsolete."
Manczak is excited about how new telecommunications technology such as
Virtual PBX will improve the lives of not only his clients' clients, but also
those of America's call center employees. Additional information
about Virtual PBX can be found at http://www.

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Castellano,
CPA, and former chair of the AICPA, who headed this task force, said, "This
group did not approach its research with a preconceived notion that issues or
problems with GAAP financial reporting for private companies existed. Each phase of the research included participants from the key
constituents of private company financial reporting. "However, through our
discussions, focus groups, and research, we learned that constituents rated
certain GAAP requirements as providing relatively low relevance and decision
usefulness to constituents of private company financial reporting," added
Castellano.org. Concerned that the lack
of access to trained interpreters was preventing non-English speaking
Americans from fully integrating with society, he founded the Institute for
Cultural Competency, a Portland-based non -profit organization.

jungian interpretation

AICPA Task Force Recommends Exploring Changes to GAAP for Private Companies

gasb.
The growing number of linguistically isolated Americans creates enormous
implications for service providers such as doctors, nurses and emergency
response personnel.
In a little over a year, he has begun to realize his vision.
"By pursuing a virtual call center strategy , we're able to deliver lower
costs while at the same time providing a superior level of service compared to
traditional call center implementations," said Manczak.

ivin interpretation

"
The AICPA, FAF and FASB agree that any proposed changes that might result
from this effort would need to be fully exposed for public comment and debate. It also develops and grades the Uniform CPA
Examination. Such standards are essential to the efficient functioning
of the economy because investors, creditors, auditors and others rely on
credible, transparent and comparable financial information." That was up
54 percent from 1990.
In November 2004, Manczak's Institute for Cultural Competency was awarded
a large contract with the State of Florida to provide on-demand
telephone-based language interpreting services for the Florida Department of
Health and for all county health departments.
"Traditional, on-premises PBX switching technology is incredibly expensive
to purchase and even more expensive to maintain," said Manczak. By working with Virtual PBX, we
were able to deploy a professional-quality telecommunications infrastructure
in 12 days with zero capital outlay and minimal monthly operating expenses. The technology allows Manczak to use
resources in the United Sates that would not otherwise be available because of
geography or cost."

About Virtual PBX(R)
Virtual PBX(R ) pioneered the hosted PBX market, introducing the first
service of its class in 1997.com

Greg Brashier
VP of Marketing
VirtualPBX.

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For the State of Florida, it meant we
could immediately deliver high quality interpretation services at a cost
significantly less than traditional call center-based interpretation
services.brashier@virtualpbx.

This category lists sites that discuss theories of dream interpretation.

usefulness elusive

aicpa. He envisioned
a company that would transcend geography by leveraging new telecommunications
technology and professional interpreters to provide low-cost, high-quality
interpretation services over the telephone, anytime and anywhere.

elusive purposefully

Robert Herz, Chairman of the FASB, noted "Private companies are a vital force
in the nation's economy and it is therefore critical that their financial
reporting be conceptually sound, cost effective, and provide relevant,
reliable and useful information.
Since 1973, the Financial Accounting Standards Board has been the
designated organization in the private sector for establishing standards of
financial accounting and reporting.

Whether dreams are messages from a higher consciousness or simply serve to maintain our brains, they are full of objects and events that we ascribe meaning to.

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"Overall , the survey respondents rated the value of GAAP financial
statements of private companies quite highly on consistency, providing
comparability among companies, and on their use as a tool in credit and
investment decisions," according to Castellano. Traditional call centers are expensive to build and staff,
and the PBX hardware equipment necessary to support the 100 simultaneous
callers as required by the State would cost $250,000 to purchase, plus six to
nine months of time and millions of dollars in additional expense to install
the equipment and build out the call center.
"I think the days of brick and mortar call centers are numbered," claims
Manczak.

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For more information on
the organizations it oversees, visit the Foundation's websites at
http://www.
One solution is to make professionally trained interpreters available to
health care providers. They are then connected with the next available
interpreter, 24 hours per day, 365 days per year. The VirtualPBX
system automatically keeps track of which interpreters are available for each
of the over 150 languages and dialects supported. Virtual PBX utilizes the public switched
telephone network and the internet to provide PBX functionality as a hosted
service.virtualpbx.

superstitions interpretation

In commenting on this study, James G. The average time it
takes us to connect a health care provider and their patient to the right
translator averages less than 30 seconds.com, Inc.

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These private companies represent over 99 percent of the nation's
incorporated businesses. We are very open to exploring ways to further enhance the overall
value of private company financial reporting.aicpa.

888-825 -0800 x333
greg.

terrors elusive

, According to the latest U.
Manczak's approach offered numerous advantages to his company and to the
State of Florida. They simply sign in to the system via a web-based interface
prior to their shifts and take the calls as they come in.com or by calling
888-825-0800.

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A complete copy of the task force report can be found at:
(http://www.org/members/div/acctstd/pvtco_fincl_reprt /index. Institute for Cultural Competency Serves Medical Providers With Instant
Telephone Access to 2,500 Interpreters Who Collectively Speak 150 Languages
and Dialects

SAN JOSE, Calif. Anyone who needs an interpreter
simply dials a toll-free number and is routed to the most qualified of
2,500 home-based interpreters located around the country.

NOTE: VirtualPBX.com(R), Virtual PBX(R) and VirtualPBX(R) are registered
trademarks of VirtualPBX .

usefulness recommends

"
The research was conducted for the task force by The MSR Group, an
independent market research firm, and is believed to be the most extensive
ever conducted on this frequently discussed topic . In the State of Florida, the
percentage of linguistically isolated households is one third higher than the
national average, at nearly 6 percent of the population according to the 2000
census .com ), the originator of hosted PBX
phone systems, instead of a traditional on-premises PBX system installed in a
call center."
Virtual PBX hosts all the telecommunications and computer equipment in its
own remote data centers, and then provides full-featured PBX phone system
capabilities such as automated call distribution (ACD) queuing, multiple
extensions, automated voice response , conferencing, and non-stop availability
and reliability.

intepretation ivin

"With low-cost, rapidly deployable technology such as Virtual PBX,
we're able to shatter the traditional physical and geographic limitations of
call centers."
Perhaps just as importantly, Virtual PBX helps Manczak achieve his greater
philanthropic vision.
"I created this company to help limited-English speaking Americans receive
better healthcare, and to help providers do their jobs more effectively," he
says.

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The FASB has taken a number of steps in
recent years to increase the voice and participation of private company users,
preparers and auditors in FASB activities, and to codify and simplify the GAAP
literature .org) is the national, professional organization of CPAs,
with approximately 350,000 members, including CPAs in business and industry,
public practice, government, and education; student affiliates; and
international associates. private auditing standards. In both emergency and every-day situations , simple
miscommunications between health services personnel and the patient can lead
to life-threatening complications from misdiagnosis, improper treatment or
delay of care. But with Americans speaking more than 100 different
languages and dialects, it's often near impossible for medical personnel to
quickly bring an interpreter into every communication.

ivin nightmares

---

- - kjjkjk

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