Accounting Management Solutions Named to Inc. Magazine Fastest-Growing Private Companies List for Fourth Consecutive Year

Aug. 19 /PRNewswire/ -- Accounting Management Solutions, Inc. (AMS), a leading provider of outsourced accounting, financial management, and consulting services for private, public, and nonprofit organizations, has been named to the 2009 Inc. 5000, Inc. magazine's annual ranking of the fastest-growing private companies in the United States, for the fourth consecutive year. AMS earned the position of 2155.

The Inc. 5000 is the most comprehensive portrait of fast-growing private companies assembled anywhere. The companies are ranked according to percentage revenue growth from 2005 through 2008 and include U.S.-based, privately held, independent companies.

"Over the past several years, we've made a number of judicious investments in our business that support our sustained growth," said AMS President James P. Bourdon. "In order to grow, companies need to invest in themselves, sometimes even in the face of adverse market conditions. Last year, we opened offices in Rhode Island and New York, and have added a number of new clients."

These new clients include organizations such as:

• Aileron Therapeutics
• Irish Arts Center
• NeighborWorks America
• Newbury College
• Nonprofit Finance Fund
• NxStage Medical
• Selecta Biosciences, Inc.

Bourdon continued, "In addition, there are a number of new regulations, initiatives and issues where our clients need additional interim or part-time support. Recently, our consultants, including a number of certified public accountants (CPA), have helped clients assess the impact of UPMIFA (Uniform Prudent Management of Institutional Funds Act); investigate the latest federal stimulus package for possible funding sources; access credit; and prepare for the adoption of International Financial Reporting Standards (IFRS)."

About Accounting Management Solutions

Accounting Management Solutions, Inc. (AMS) headquartered in the Boston area, with offices in Providence, RI and New York City, is a leading provider of outsourced part-time, temporary and interim accounting, financial management, and consulting services to private, public, and nonprofit organizations. As a long-term partner or a short-term solution, AMS provides: interim and part-time senior level support, including chief financial officers (CFO), vice presidents of finance, controllers, directors of finance and senior accountants; audit preparation and support; cash flow reporting and analysis; due diligence; financial reports development; GAAP/FASB compliance; IPO support; merger and acquisition accounting; new form 990 assessment and implementation; Sarbanes Oxley (SOX) compliance; SAS112/115 readiness, internal controls and much more. For additional information, visithttp://www.amsolutions.net For finance news and information, sign up for The AMS Report, the company's free finance industry newsletter.