Corefino Ranks #1269 in New Inc. 5000 List of Fastest-Growing Firms

 Growth Driven by Company's Innovative Virtual Accounting Department Model



    NEW YORK, Aug. 21 /EMWNews/ -- Corefino, Inc., a provider of

outsourced accounting and financial solutions, announced today that it

placed No. 1269 on the just-published Inc. 5000 annual ranking of the 5,000

fastest-growing private companies in the country. The ranking reflects a

three-year sales growth of 298%, stemming from Corefino's innovative

strategy for delivering accurate, on-time, outsourced GAAPReady(SM),

AuditReady(SM) and SOXReady(SM) accounting and financial services at a

savings of 25-40% over an in-house accounting department.



    "Until now, outsourced accounting has consisted of either basic data

input or expensive consulting services. There was no way to get both

quality accounting and professional expertise without bringing the

accounting function in-house and then paying for the associated people,

software and operational overhead," said Corefino CEO Karen Northup. "Our

model is the first to fill the gap to ensure best practices and

audit-readiness for startup and high-growth companies and that is what is

fueling our own growth."



    Corefino uniquely combines off-site professional expertise with robust

Internet-based financial software in a turnkey package designed to meet

GAAP, audit and Sarbanes-Oxley standards. Each client is industry-matched

with a four-member Corefino team of two staff accountants, a controller and

chief accounting officer who provide critical guidance, oversight and

controls as well as preparing all monthly reports, calculating commissions,

cutting checks and performing other accounting duties.



    The company's Web-based accounting application goes far beyond basic

accounting packages to include critical features such as scalability, audit

trails, report writing, budget-to-actual cash flow, and support for foreign

currency, subsidiaries and consolidation. Both the accounting functions and

all reports can be accessed on a 24x7 basis through Corefino's secure Web

portal.



    The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007.

To qualify, companies must be U.S.-based and privately held, for profit,

independent -- not subsidiaries or divisions of other companies -- as of

December 31, 2007, and have had at least $200,000 in revenue in 2004, and

$2 million in 2007.



    "Our second annual Inc. 5000 continues the most ambitious project in

business journalism," said Inc. 5000 Project Manager Jim Melloan. "The Inc.

5000 gives an unrivalled portrait of young, underreported companies across

all industries doing fascinating things with cutting-edge business models,

as well as older companies that are still showing impressive growth."



    Complete results of the Inc. 5000, including company profiles and a

list of the fastest-growing companies that can be sorted by industry and

region, can be found at http://www.inc5000.com.

    About Corefino



    Corefino, Inc. provides integrated accounting and financial solutions

for small to medium-size businesses that combine best-of-breed technology

tools and optimized processes with a seasoned team of financial experts. It

guarantees audit, diligence and Sarbanes-Oxley readiness. The affordability

of the Corefino Solution allows growing businesses to take advantage of

expertise and tools currently only available to the Fortune 500 to plan for

future growth. Founded in 2004, Corefino is headquartered in Sunnyvale, CA,

with offices in Maharashtra, India. For more information, visit

http://www.corefino.com