Dot Com Bust Doesn't Stall Small Business Development.

Business Editors

AGOURA HILLS, Calif.--(BUSINESS WIRE)--Feb. 27, 2003

Despite the downturn in dot com businesses, MyCorporation.com(R) of Agoura Hills, California, continues to have a thriving national e-commerce business.

Celebrating its five-year anniversary as an innovative document services company, MyCorporation.com is one of the nation's leading incorporation, LLC formation and trademark service providers. Over 100,000 businesses throughout the United States have been formed by using MyCorporation.com.

What's their secret? MyCorporation.com provides a professional, reliable and cost effective online means to incorporate, form an LLC or to register a trademark. Furthermore, MyCorporation.com offers free and immediate access to a number of IRS tax forms, corporate resolutions, and online tools for researching registered and pending trademarks.

"In spite of market indicators that predict a slowing economy, MyCorporation.com has seen a steady increase in the number of new businesses we form for our customers each month," Philip K. Akalp, Esq., co-founder and chief executive officer of MyCorporation.com, said. "We are currently serving nearly 8,000 unique visitors each day."

Nellie Akalp, co-founder and vice president of business development for MyCorporation.com, agreed. "Our business has experienced a 30 percent increase in the number of businesses formed each month during the last quarter of 2002," Ms. Akalp said. "Whether they are losing their jobs or simply taking the plunge into entrepreneurship, it seems that more individuals today are going into business for themselves."

"The dot com crash of 2001 threw quite a scare into business owners across the U.S. Our industry -- incorporation and business start-up services -- is especially sensitive to market conditions and we stood by in anticipation of a drastic downturn in business. After all, we're in the business of starting businesses! Logically, it would seem that a slowdown in the economy would directly affect the number of businesses we form each month. However, the slowdown never came. Instead, MyCorporation.com has seen a steady increase in the volume of businesses it forms each month."

The Akalps, who are lawyers and entrepreneurs, founded MyCorporation.com on February 27, 1998 to provide a convenient, reliable, and affordable way for small business entrepreneurs to incorporate, form an LLC, or register a trademark. This month marks the company's five-year anniversary -- that's 20 years in "Internet Business Years"!

In five years, Philip and Nellie Akalp have positioned MyCorporation.com as one of the nation's leading incorporation and business start-up services. The company has relocated its operations three times over the course of five years to accommodate its remarkable growth and expansion. While its headquarters is staffed with a management and document processing staff of 15, the company leverages the communications power of the internet with its off-site workforce. This remote workforce consists of trademark and corporate name search personnel, business development associates, and 50 affiliate offices nationwide providing registered agent services to corporations and LLCs nationwide.

Currently, 75 percent of MyCorporation.com clients are small business owners with five employees or less. Remarkably, almost 20 percent of MyCorporation.com's clients are attorneys and certified public accountants utilizing MyCorporation.com's services for their own clients.

Another feature of MyCorporation.com is its monthly online newsletter, The Corporate Bee, which it distributes to more than 100,000 subscribers. Lawyers and certified public accounts write articles for The Corporate Bee on topics voted on by its readership such as "Analyzing Your Trademark," "Filing for S-Corporation" and other business-related issues. Unlike the majority of newsletters and junk mail flooding the Internet, MyCorporation.com underwrites The Corporate Bee so that it is not filled with annoying advertisements and solicitations.

Beyond providing first-rate document filing services, MyCorporation.com offers its subscribers 24-hour online access to sources for legal advise from licensed lawyers throughout the United States, financial institution services, consultation services for CPAs, tax specialists, marketing and other professionals, as well as business software packages and special offers from business supply sources.

For more information visit www.MyCorporation.com or call us at: 888/692-6771.