On-Site Financial

April 27th, 2003

Business wire - PORTLAND OREGON - ON-SITE FINANCIAL - ANNOUNCES EXPANSION OF OPERATIONS AND FUNDING PACKAGE.

On-Site Financial Inc. announced the further expansion of its accounting services business, following the establishment of a Business Development loan package underwritten by the Portland Development Commission and ShoreBank Pacific. The PDC program is targeted towards job-expansion in area businesses.

On-Site will use the funds for the continued expansion of its "recurring accounting services" in which On-Site maintains the responsibility for specified accounting functions in a company. Small companies often outsource their entire monthly financial closing to On-Site as it grows beyond the capabilities or resources of their staff, but does not yet justify a full-time Chief Financial Officer or Controller. Large companies outsource specific tasks in the closing process, such as fixed asset accounting or sales-and-use tax reporting, that are highly specialized and difficult to staff.

On-Site's Vice President of Operations, Craig Stack, notes that "the pressure to create financial statements in a timely and high quality manner is difficult for firms pressured by staffing cutbacks. We support area CPA firms and financial advisors by providing their clients with needed back-office expertise and resources in order to streamline the production of their financials."

On-Site has added 3 staff in the last 60 days, and will continue to add people as new clients are added. The company is also very active in accounting-related staff augmentation, recruitment and placement, and special projects.