Bookkeeping & Business Service LLC Plays Significant Role in the Meteoric Growth of a North Shore Publishing Company.

Business Editors

Note to editors: Please contact Julian Stevens Communications for

accompanying photography; contact information at bottom of

release.

METHUEN, Mass.--(BUSINESS WIRE)--Feb. 5, 2004

BBS Chases Bills and Balances The Books for RedCoat Publishing;

Ensures Payroll Runs Smoothly, Helping

Local Business Expand Fivefold in Seven Months

Bookkeeping & Business Service LLC (www.bbs1040.com), providers of business accounting and administrative services across Northern Massachusetts and Southern New Hampshire, are being recognized for their part in the growing success of Beverly, MA-based RedCoat Publishing, Inc.

Commenting on the role Bookkeeping & Business Service (BBS) have played in their phenomenal growth, Julian Taylor, Chairman and CEO of RedCoat Publishing, Inc., said, "When we hired BBS in June 2003, we had a staff of four and were planning the launch of our first magazine, American Executive. Having launched the magazine in September, we have been fortunate enough to enjoy great success and have scaled-up our operations accordingly - we now have 22 full-time employees."

He continued, "Through cost-effective outsourcing, we have alleviated the accounting overheads associated with rapid business growth and eliminated the need to hire up to four people to handle this and employee healthcare issues. BBS has provided comprehensive services reducing liability and paperwork - all for a set monthly fee that we can budget for."

"Throughout this period, our success could not have been achieved without the support of reliable, accurate and responsive back-office support and BBS have provided first class services that have enabled our rapid growth without jeopardizing bookkeeping procedures," he added.

"In the world of publishing, it is crucial that debts are chased and outstanding money is paid quickly, in order to meet production costs and payroll requirements - all of which are also handled by BBS. Thanks to BBS we have received payments on average within 20 days - and that coupled with an outstanding team at RedCoat has laid the foundations for our growth. It is fair to say that BBS has played a significant role in our success."

Outsourced Accounting Increases Key Business Time

Dave Brown, President at BBS, commented, "RedCoat Publishing is a good example of how we successfully provide outsourcing services and become part of the "team". We design and implement complete and comprehensive accounting systems, incorporating all components of bookkeeping and taxes - or we customize a system to address specific business problems."

"To be successful every business needs to be able to process and manage financial information in a timely manner. Processing invoices, writing checks, and keeping up to date with the many changes in the tax regulations and computer software are areas that can increase your profits," he continued.

"Bookkeeping & Business Service provides necessary accounting functions for local companies, freeing up valuable time for businesses to meet with their customers and manage their business," he added.

About Bookkeeping & Business Service

Bookkeeping & Business Service LLC, is recognized as a state leader in business accounting activities. Services include payroll, billing, consulting, collections, income taxes, bill payments, computerized medical billing services and assistance with "Cafeteria" benefit plans. BBS processes and collects patient claims utilizing the latest software and computer technology. Staff is current with the latest changes in regulations on claims filing and coding. BBS outsourced bookkeeping & billing services can be especially cost effective when business costs such as; payroll, benefits, training, workers compensation, supervision, telephones, office space, computers are taken into consideration.