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RSM McGladrey Network and Accruit Formalize Alliance for Like-Kind Exchanges

Bloomington, MN, Feb. 14, 2007, - The RSM McGladrey Network and Accruit, LLC of Denver have formalized a strategic alliance to provide value-added Like-Kind Exchange (1031 exchange) services to the RSM McGladrey Network members.

"Accruit is the leader in automating the Like-Kind Exchange process," said Tony Szczepaniak, managing director at RSM McGladrey Inc. "Over the past three years, RSM McGladrey Network firms have worked with Accruit to ensure that our clients are receiving the best Like-Kind Exchange services available. Accruit's involvement in the RSM McGladrey Network tax conferences and service provider seminars has proven to us that Accruit is the obvious choice to serve our members. In order to keep our competitive edge and to continue to provide best-in-class value added services to our Network members and their clients, it is critical that we create alliances that highlight services and technologies that support world class client service."

Accruit manages thousands of Like-Kind Exchange transactions monthly and their clients have over $3.2 billion of assets under Accruit's management. Accruit�s clients added an average of $6 million to their cash flow last year using its Like-Kind Exchange services.

"Accruit is honored to have been chosen by the RSM McGladrey Network to provide 1031 Like-Kind Exchange services," said Brent Abrahm, Accruit's executive vice president for business development. "Accruit's Like-Kind Exchange services are a smart addition to the value-added tax strategies offered by RSM McGladrey Network firms. We are excited to partner with RSM McGladrey Network firms and to be providing programs of significant value to their clients."

"Equally importantly," adds RSM McGladrey's Szczepaniak, "Accruit provides outstanding customer service to our clients. We gain great peace of mind knowing that Accruit works with us to handle our clients' needs immediately and professionally. From the first interaction to implementation to ongoing support, we know that Accruit is providing the level of service expected by our members and their clients. Everyone in our industry should seriously consider the value that Accruit's Like-Kind Exchange service adds to their business."

About The RSM McGladrey Network
The RSM McGladrey Network is the premier affiliation of independent accounting firms in the nation, with 97 members in 42 states and Puerto Rico. The RSM McGladrey Network's mission is to help build and sustain high performing CPA firms as measured by financial performance, people development and service quality. RSM McGladrey Network member firms maintain their name, autonomy and independence, and are responsible for their own client fee arrangements, delivery of services and maintenance of client relationships.

About Accruit, LLC
Accruit, LLC, headquartered in Denver, Colorado, is the leader in personal property Like-Kind Exchange services and is the only fully integrated Qualified Intermediary to provide a patent-pending process and outstanding 24/7 customer service. Accruit is the exclusive provider of 1031 Like-Kind Exchanges for Ritchie Bros. Auctioneers (RBA), and the preferred provider of 1031 Like-Kind Exchanges for AED and Idealease, with additional endorsements from NationaLease, Manitowoc Crane Group, and Mitsubishi Caterpillar Forklift America. Accruit is a member of transportation associations including American Trucking Associations (ATA), National Accounting and Finance Committee (NAFC), and Truckload Carriers Association (TCA), Automotive Finance Leasing Association (AFLA). Accruit is also a member of the Federation of Exchange Accommodators (FEA), the country's only association for Qualified Intermediaries and the LKE industry (www.1031.org). For more information on Accruit, visit www.accruit.com or call 877-793-9215.



Learn more about our 1031 exchange services. Call 877.793.9215, email info@accruit.com or click here.

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US Patent Number 7,379,901. Other patents pending. Copyright © 2008, Accruit™. A 1031 Like-Kind Exchange Solutions Company. All rights reserved.

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