Press Releases

Vibato Hires New Vice President of Sales Expands Sales and Business Development Activities Nationwide

Petaluma, CA (PRWEB) August 15, 2011

Vibato, provider of the Vibato Internal Control Suite™– the only best-practice-based, modular software approach to delivering a robust system of internal controls for meeting Sarbanes-Oxley and SAS-related financial reporting requirements, today announced that Ted Drass has joined as the new Vice President of Sales and Business Development. Mr. Drass brings a substantial industry network and strong accounting and audit background to Vibato.

Mr. Drass has over 20 years of financial and consulting experience in the areas of accounting, tax, audit, international finance and business development for both public and private companies. He has extensive international business experience having served large multi-national customers in Europe and Asia in the competitive electronics manufacturing space. In this regard he is Vibato’s leader in spearheading the company’s current and future domestic and international channel development and customer acquisition efforts. Mr. Drass previously worked as an external auditor for Grant Thornton and served as a senior member of the finance team of Memec Inc., a wholly owned subsidiary of Avnet Inc. (AVT).

Mr. Drass is currently a board member and Treasurer of the Utah chapter of the Association for Corporate Growth (ACG) and is a Certified Public Accountant in the states of California and Pennsylvania.

“We look forward to Ted’s contribution to our growing customer base and strategic partner acquisition activities,” said Bill Bockwoldt, chief executive officer, Vibato. “Ted has demonstrated his strong belief in our unique approach and commitment to our ongoing success through previous and current business engagements, and we are excited to benefit from his strong sales and business development acumen.”

SAN RAFAEL, Calif., March 15, 2011 /PRNewswire/ -- Colombia Clean Power & Fuels, Inc. (OTC Bulletin Board: CCPF, "Colombia Clean Power & Fuels" or the "Company"), an exploration-stage coal mining and clean energy technology company with headquarters in California, and operations in Colombia, today announced that it has strengthened its internal controls and investor relations and strategic communications functions by hiring two professional services firms, Vibato and CCG Investor Relations.

Colombia Clean Power & Fuels has enhanced management and corporate procedures since adopting its current operating strategy last year. Working with experienced professional services firms helps the Company to implement best-practice financial and internal controls and investor communication to support its anticipated growth.

"We chose Vibato and CCG as partners because of their respective cost-effective and efficient solutions and solid track record and expect both partners to help us cultivate our corporate infrastructure during this critical development stage," said Daniel Carlson, Chief Financial Officer of Colombia Clean Power & Fuels.

"Vibato offers an ideal solution for establishing comprehensive internal control procedures as they deliver everything needed for quick implementation and smooth operation. We highly value CCG's experience and are confident that this cooperation will enhance our visibility in the investment community and with financial media, while helping us develop our shareholder base."

Vibato implements the Vibato Internal Controls Suite™ (VICS), an integrated, standardized internal controls solution based upon the external audit and risk analysis methodologies of the Big Four and large regional CPA firms. Vibato performed an on-site implementation at the Company's California headquarters that included a risk assessment, best-practice controls implementation and risk mitigation, segregation of duties analysis, and complete supplemental documentation to execute each control. This modular, scalable approach provides standardized controls across locations, and support for corporate-level controls at the Company's headquarters.

"Public, private, and non-profit organizations can all benefit from our comprehensive and scalable offerings," said Bill Bockwoldt, Chief Executive Officer of Vibato. "Delivering an all-inclusive package allows our clients to hit the ground running and begin benefitting immediately from the integration and efficiency we provide."

At CCG, investor relations and strategic communications are the primary focus, and the agency has developed customized solutions to address the needs of companies ranging from start-ups to established industry leaders and Fortune 500 companies. Communicating effectively with the capital market requires creativity, discipline, an understanding of legal and accounting issues and most importantly, daily interaction with Wall Street. CCG has started to implement an investor and media relations campaign for Colombia Clean Power & Fuels in sync with the broader strategic goals that support growing shareholder value.

"We are excited to design and apply a comprehensive communications campaign for Colombia Clean Power & Fuels and look forward to experiencing the advancement of this growth story. Colombia is one of the largest producers and exporters of coal in the world and has the largest known coal reserves in Latin America," said Crocker Coulson, the President of CCG Investor Relations. "We believe Colombia Clean Power & Fuels is in a prominent position to exploit these high quality coal reserves given its top-quality management team and the improved logistical infrastructure in the northern inland area where Colombia Clean Power & Fuels' efforts are focused."

About Vibato
Vibato delivers a comprehensive audit methodology that helps public, private, and non-profit organizations efficiently and cost-effectively identify and mitigate business risks in order to meet financial reporting requirements and improve their financial operations. The Vibato Internal Control Suite™ is scalable, affordable, rapidly deployed, and highly effective. It has been tested across organization of all sizes and industry profiles with the same results: successful implementation and standardization of all internal controls; optimized control counts; and ongoing cost savings.

About CCG Investor Relations
CCG is a leading global investor relations and strategic communications consulting firm. In business for more than 30 years, the agency provides a complete range of investor communications, counseling, and IT and data solutions through our global network to over 300 clients across multiple capital markets. CCG has been awarded a number of industry honors for its handling of complex investor relations and crisis communications matters. The agency's corporate headquarters is in Los Angeles with additional offices in Hong Kong, New York, Beijing, Shanghai, Frankfurt, and Tel Aviv.

About Colombia Clean Power & Fuels, Inc.
Colombia Clean Power & Fuels, Inc. (OTCBB: CCPF.OB) is developing coal mining, coal coking and clean coal technology operations in the Republic of Colombia. The Company plans to build mines to produce both metallurgical coal and high-grade thermal coal and implement advanced coal technologies, such as coal gasification and coal-to-liquids, to produce metallurgical coke, urea, liquid fuels, power and other clean energy solutions. Colombia is the world's tenth largest producer and fourth largest exporter of coal, with an estimated 7 billion metric tons ("MT") of recoverable reserves and 17 billion MT of potential reserves.The Company's current operations are focused on coal exploration and development activities. The Company has retained leading engineering and geological services firms in the U.S. and Colombia to conduct exploration work in selected concessions already acquired and others under consideration for acquisition by the Company. The Company's team of executives, advisors and partners is comprised of experienced entrepreneurs and business professionals in the U.S., Colombia and China that have a breadth of experience in coal mining and clean coal technologies as well as substantial industry relationships.For more information please visit www.colombiacleanpower.com or www.vibato.com.

Implementation Spans Five Locations Across Two Continents

Petaluma, California – November 2, 2010 – Vibato is pleased to announce the recent implementation of a robust internal controls framework for Worldwide Energy and Manufacturing USA, Inc. (OTC BB: WEMU) at their California headquarters and four additional subsidiaries located throughout China. Vibato products were implemented at each location to establish a comprehensive, scalable set of controls and procedures to support Worldwide’s Sarbanes-Oxley, Section 404(a) and (b) compliance requirements.

Worldwide, headquartered in South San Francisco, California, is a 17-year-old engineering-oriented firm specializing in photovoltaic (PV) module, mechanical, electronics and fiber optic products manufacturing. The Company specializes in products for customers in the solar energy, aerospace, wireless telecommunications, medical equipment and automotive industries.

Vibato performed an on-site implementation at each of the five locations that included a risk assessment, best-practice controls implementation and risk mitigation, segregation of duties analysis, and complete supplemental documentation to execute each control. Training, language translation, and remediation assistance were also provided along with initial controls testing and review to ensure an effective baseline was established. This modular, scalable approach provides standardized controls across locations, localization where required, and support for corporate-level controls at Worldwide’s headquarters.

“We are very pleased with Vibato’s commitment to our success and the value they deliver through their software-based approach,” said Gerald DeCiccio, Chief Financial Officer of Worldwide Energy and Manufacturing USA, Inc. “They helped us instill the process understanding and discipline necessary to prepare us for our growth plans, in a very cost-effective manner, and performed valuable client advocacy services with our auditors on our behalf.”

“Worldwide Manufacturing is an excellent example of a fast-growing, multi-location, international company that required a rigorous foundation of internal controls to stay on top of their financial reporting compliance activities across a diverse set of locations,” said Bill Bockwoldt, Chief Executive Officer of Vibato. “The standardized but scalable approach we offer is ideal for companies with distributed organizations that need a flexible solution to adapt to their unique cultural and organizational characteristics.”

About Vibato

Vibato was founded in 2008 to leverage a proven, best-practice methodology for implementing and maintaining internal controls over financial reporting. Vibato’s unique software products identify risks, map mitigating controls, and provide complete supporting documentation to implement a complete internal control infrastructure in a matter of days. Our streamlined approach has been benchmarked against the Big Four audit plans, and deployed successfully across a diverse array of industries. Vibato solutions focus on scalability, standardization, modularity, and efficiency to deliver a compelling return-on-investment for companies of all sizes, in every industry.

About Worldwide Energy and Manufacturing USA

Worldwide Energy and Manufacturing USA, Inc. (http://www.wwmusa.com), headquartered in South San Francisco, California, is a 17-year-old engineering-oriented firm specializing in photovoltaic (PV) module, mechanical, electronics and fiber optic products manufacturing. The company's worldwide customer base includes the solar energy, wireless telecommunications, aerospace, automobile and medical equipment industries. Subsidiaries include Shanghai Intech Electro Mechanical Products Co. Ltd., Shanghai Intech Electronics Manufacturing Co. Ltd. and Shanghai Intech Precision Mechanical Products Manufacturing Co. Ltd., located in Shanghai, China.

New Product Positioning Expands Customer Base

Petaluma, California – October 6, 2010 – Vibato is pleased to announce significant growth in our customer base and that YTD 2010 revenues have already surpassed those 2009 revenue totals. Since the initial product launch in the spring of 2009, we have added over 20 Public Companies to our list of satisfied clients, who use our software for their internal controls infrastructure and SOX compliance needs. Every client audit to date has been successful, with no material weaknesses reported from the areas covered by our solutions. Our customer base now spans biotech, clean tech, consumer products, electronics, chemicals, energy, insurance, mining, pharmaceuticals, restaurants, banking, non-profit, software and technology. Average implementation times are 1-3 days and we continue to experience a high customer satisfaction rating.

As part of our recent expansion, we have launched a new website at www.vibato.com, and introduced new real-time dashboards and product packages designed to meet the needs of a broader, more diverse client base. The Vibato Internal Control Suite™ has been introduced in three new offerings titled Foundation, Small-Medium Business (SMB), and Enterprise, designed to address the demand for companies with internal control implementation and rationalization needs of any size.

“We continue to expand with recent wins in the banking and non-profit sectors,” said Bill Bockwoldt, Chief Executive Officer of Vibato. “This brings our first year total to over 30 locations being served on three continents, and demand continues to be strong from mezzanine-financed and pre-IPO companies wanting to start with a best-practice approach to internal controls, as well as established organizations who are seeking an efficient reengineering effort with a high return-on-investment.”

Vibato continues to expand their roster of satisfied clients, while seeking to build new relationships with consulting and services firms who offer expertise in the areas of audit, compliance and risk management.

About Vibato

Vibato was founded in 2008 to leverage a proven, best-practice methodology for implementing and maintaining internal controls over financial reporting. Vibato’s unique software products identify risks, map mitigating controls, and provide complete supporting documentation to implement a complete internal control infrastructure in a matter of days. Our streamlined approach has been benchmarked against the Big Four audit plans, and deployed successfully across a diverse array of industries. Vibato solutions focus on scalability, standardization, modularity, and efficiency to deliver a compelling return-on-investment for companies of all sizes, in every industry.

One Day SOX Implementation for Expanding Gold Mining Company

PETALUMA, California - August 24, 2010 - Vibato recently completed a SOX implementation for Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM). They are a Nevada-based mining company (www.Golden-Phoenix.com) whose focus is Royalty Mining in the Americas, who engaged Vibato to re-engineer their SOX environment to establish a strong internal control infrastructure for their future growth plans. Vibato delivered a product suite consisting of a risk assessment, segregation of duties analysis, control matrix with complete supplemental documentation, and fully-integrated testing plans, in just one day on-site.

“Our previous experience with SOX had been a disappointment, with six consultants providing an onerous set of documentation that was designed for manufacturing and not mining,” said J. Roland Vetter, chief financial officer of Golden Phoenix Minerals, Inc.  “But our experience with Vibato could not have been better. They actually got our accounting staff to look forward to working on SOX-related activities again, and we are counting on them to support our SOX testing and expansion efforts as we grow.”

“We never like to hear SOX implementation horror stories, but we are always excited when the real value of our approach is recognized,” said Bill Bockwoldt, chief executive officer of Vibato. “Companies like Golden Phoenix, who are beginning to experience rapid growth, must be able to rely on their internal controls automation and scalability to facilitate their expansion."

Vibato continues to expand their roster of satisfied clients, while seeking to build stronger relationships with consulting and services firms who offer expertise in the areas of audit, compliance and risk management.  Vibato’s unique approach has been benchmarked against the Big Four audit plans and has been deployed successfully across a diverse array of industries and companies. Vibato solutions focus on scalability, standardization, modularity, and efficiency to deliver the most compelling compliance tools available for companies of all sizes, across any type of industry.

About Vibato

Vibato, LLC is dedicated to providing the most cost-effective compliance solutions available.  Our mission is to help you reduce audit and compliance fees, improve financial transparency, and run your business more efficiently.  For more information, please visit us at www.vibato.com or contact us directly at mail@vibato.com.

One Week Implementation Effort Produced a One-Year ROI

PETALUMA, Calif. - August 11, 2010 - Vibato announces the completion of a recent process reengineering project for iMergent, Inc. (AMEX: IIG), a leading provider of proprietary e-commerce software platforms and portfolio services with multiple subsidiaries. iMergent engaged Vibato to reengineer their internal control infrastructure, implement best-practice controls, and provide a fully-integrated testing environment. Vibato implemented a high level risk assessment, six process control cycles and a segregation of duties analysis to give iMergent an improved internal control environment for their 2011 fiscal year, ready for testing work, and reviewed the transition for completeness and accuracy with their external auditors. The process was completed in four days, with active participation by iMergent’s finance organization.

“We wanted a revamp of our internal control environment with a focus on controls reduction and an integrated environment by having more direct and precise controls. We were very impressed with the efficiency and scalability of Vibato’s approach, especially considering our business complexity,” said Jonathan Erickson, Chief Financial Officer of iMergent, Inc.  “The significant reduction in controls from 339 down to 107, combined with the integrated testing capabilities, will allow us to be more efficient in our processes and testing.  This is a great example of Vibato’s value-driven focus and commitment to customer success.”

“Our tools are designed specifically for this type of implementation project, even for complexities in such areas as software revenue recognition” said Bill Bockwoldt, Chief Executive Officer of Vibato. “I believe our success with iMergent is a clear indication that our unique approach to managing internal controls for financial reporting continues to position us as the most cost-effective compliance provider in this area today.”

iMergent, Inc. (AMEX: IIG) provides proprietary e-commerce software platforms and portfolio services, through their StoresOnline and Crexendo subsidiaries, including web design and development, custom programming, SEO services and internet marketing and training to entrepreneurs and businesses, enabling them to sell and market their products or services over the Internet. For more information, please visit www.imergentinc.com.

Vibato, LLC is dedicated to providing the most cost-effective compliance solutions available.  Our mission is to help you reduce audit and compliance fees, improve financial transparency and run your business more efficiently.  For more information, please visit www.vibato.com.

Adoption of SOX BASIC® Meets SOX Compliance Needs for Smaller Public Companies

PETALUMA, Calif. - June 24, 2010 - Vibato, the only provider of the fixed-price, best-practice, modular approach to meeting Sarbanes-Oxley and SAS-related compliance requirements, today announced OriginOil's success using SOX BASIC®. A full implementation was completed in less than one day, and Vibato's efficient remote testing approach achieved successful year-end audit results and SEC reporting requirements for OriginOil's fiscal year ending December 31, 2009.

Vibato used the integrated SOX BASIC® toolset to complete the risk assessment, set up the best-practice internal controls based on the specific risks mapped across each business process cycle, and identify the segregation conflicts in less than one day. All supplemental documentation to perform each control, as written, was supplied during the implementation process. Remote testing and online document storage were used in combination to complete the testing and review requirements efficiently and off-site, eliminating travel and on-site expenses. This unique approach resulted in the successful completion of OriginOil's first Sarbanes-Oxley, Section 404(b) audit.

OriginOil, Inc. (OTCBB: OOIL) is developing a breakthrough technology that will transform algae, the most promising source of renewable oil, into a true competitor to petroleum. OriginOil's patent-pending, breakthrough technology can provide the world with an endless supply of cost-competitive and environment-friendly oil to displace petroleum. As a non-accelerated filer with a $37MM market cap, and with limited internal resources and no formal budget for compliance activities, OriginOil needed a cost-effective solution that could be scaled for the Company's business needs and was maintainable with limited outside expense.

Using SOX BASIC, OriginOil has already experienced significant benefits, including:

• Successful Results - Fiscal year-end audit review completed. All SEC reporting requirements were satisfied.
• Time Savings - Implementation was performed in less than one day.
• Standardization - Minimized ongoing testing efforts, performed remotely, using Vibato's highly-integrated framework.
• Reduced Effort - Leveraged Vibato remote testing services, and an online document management service to transfer documentation, review results, and provide remote access for audit review.
• Cost Savings - Initial implementation was less than $6,000.

"As a technology company focused on revolutionizing the energy industry, we are always striving to minimize our ongoing business costs while maintaining all necessary compliance requirements as a public company with outside investors," said Riggs Eckelberry, CEO & President of OriginOil, Inc. "We found Vibato's approach to be revolutionary in its own right, and the Company's insistent focus on cost-effective value delivery really impressed us. I would highly recommend them to anyone who needs to put solid internal controls in place quickly, and for a fraction of the cost and time of alternative methods."

"We developed SOX BASIC® specifically for companies like OriginOil, who have limited resources and internal controls needs," said Bill Bockwoldt, chief executive officer, Vibato. "Our belief is that having a comprehensive, solid, best-practice approach, where you can start very small and scale as you grow, is ideal for any public or private company that wants a simple, proven approach to establishing and maintaining its internal controls. Our unique approach of delivering what you need, including an integrated framework and complete supplemental documentation, rather than simply providing tools for you to figure it out yourself, is what really drives the cost and effort out of establishing your controls infrastructure."

About Vibato
Vibato, LLC is dedicated to providing the most cost-effective compliance solutions available. Our mission is to help you reduce audit and compliance fees, improve financial transparency and run your business more efficiently. For more information, please visit us at www.vibato.com or contact us directly at mail@vibato.com.

Vibato and SOX BASIC are trademarks of Vibato, LLC. All other trademarks are the property of their respective owners.

What Pre-IPO Companies Need To Know About International Compliance

Planning a Public Offering? Stay on Top of International Compliance will be an interactive discussion about planning for public offerings, with an international perspective on compliance considerations. Speakers and panelists include Larry Harding, President of High Street Partners, Teresa Bockwoldt, CEO of Vibato, and Jim Anderson, President of SVB Analytics.

This webinar is scheduled for March 4, 2010 from 1:00 - 2:00 pm (EST). Register here.

"This webinar series brings together thought-leaders who are focused on issues of high importance to anyone operating overseas," said Larry Harding, president of High Street Partners, Inc. "We're kicking off with a discussion of pre-IPO compliance because we believe in an "ounce of prevention" approach when it comes to proper internal controls, having seen too often what can happen when companies don't get off on the right foot when operating internationally."

"We are thrilled to get in front of an audience that needs to understand compliance from a pre-IPO perspective," said Teresa Bockwoldt, chief executive officer, Vibato. "Our belief is that having a solid best-practice approach to use as a guide while a company expands internationally will provide an advantage from the start. And Pre-IPO companies especially need to be cognizant of compliance issues as they make the transition to publicly traded firms."

Subsequent events in the HSP series include European VAT recovery and EU employment contract discussions. Additional sponsors and panelists include Bowne, Osborne-Clark, Silicon Valley Bank and Global Tax Network. For more information, visit www.hsp.com.

About Vibato
Vibato, LLC is dedicated to providing the most cost-effective compliance solutions available. Our mission is to help you reduce audit and compliance fees, improve financial transparency and run your business more efficiently. For more information, please visit us at www.vibato.com or contact us directly at mail@vibato.com.

About High Street Partners, Inc.
High Street Partners provides international business services, including accounting, tax, compliance, HR, payroll, and bookkeeping, to public and private companies, top-tier universities, non-profits, and government contractors operating in foreign markets. Named #78 on the 2009 Inc. 500 list of fastest growing private companies in America, HSP is headquartered in Annapolis, Maryland, with offices in Boston, Atlanta, San Jose, San Diego, San Francisco, Tokyo, Hong Kong, Shanghai and London. For more information, call 1-888-881-6576 or visit http://www.hsp.com.

Small Non-Accelerated Filers Now Have a Cost-Effective Option for Sarbanes-Oxley, Section 404(b) Compliance

SAN FRANCISCO, Calif. - February 17, 2010 - Vibato, the only provider of the fixed-price, best-practice, modular approach to meeting Sarbanes-Oxley (SOX) and SAS-related compliance requirements, today announced the release of SOX BASIC®. This revolutionary approach to SOX compliance delivers a size-specific SOX implementation to smaller reporting companies in just one day, and for less than $6,000; a fraction of the cost of competing alternatives and a compelling solution for this under-served segment of the market.

The latest SEC report, "Study of the Sarbanes-Oxley Act of 2002 Section 404 Internal Control over Financial Reporting Requirements," estimates the average cost of outside vendor assistance for companies with less than $75M market capitalization for their 2008 fiscal year to be approximately $82,000 for initial implementation (table 8, pg. 44). This is the result of the traditional time-and-materials approach to scoping and implementing a SOX engagement, but does not align with the budget and resource constraints faced by many smaller public companies today.

With the rapidly approaching deadline of June 15, 2010 for the auditor attestation of internal controls or SOX Section 404(b), non-accelerated filers need a reasonable solution that fits their budget, level of resource availability and ongoing maintenance requirements.

For the first time, a fully-integrated, best-practice approach to establishing and documenting internal controls for smaller public companies, as well as startups or larger companies with smaller initial requirements, is available in the form of a comprehensive toolset that can be implemented in one day and for a fixed price.

"We were impressed with the rapid implementation, thorough integration and cost-effective approach delivered in the SOX BASIC toolset from Vibato," said Rod Meisel, corporate controller, Cereplast, Inc. "The initial implementation was a very straightforward process. It got us on the right track for our year-end audit and met our budget constraints."

SOX BASIC is built on the same proven, integrated framework originally introduced in SOX Compliance Made Simple® (SCMS), but designed specifically for companies with fewer than 25 employees, or who need fewer than 20 internal controls to meet their compliance requirements. SOX BASIC includes the features listed below in a unique integration of the industry-proven, best-practice approach offered in the SCMS framework:

• Support - Includes consulting time to perform the implementation and help set up a controls testing plan.
• Risk Assessment - Measures both quantitative and qualitative factors for determining in-scope processes and identifying the high-risk areas of the business.
• Control Matrix - Supports up to 20 predefined best-practice controls available from the 17 process cycles currently offered by Vibato, covering all key areas of the business in addition to the following fully-integrated items:
• Dashboard to track initial results and ongoing updates
• Internal controls sub-certification for the 302 Attestation
• Automatic change control tracking
• Project plan with milestone deliverables
• Recommended testing sample sizes based on auditor selection
• PBC listing and summary
• Summary of aggregated deficiencies
• One-click roll-forward functionality that saves relevant historical data and prepares the tool for the next year
• Segregation of Duties Analysis - Analyzes 304 unique segregation conflicts, and identifies the specific resources affected along with suggested remediation strategies.
• Integrated Testing and Documentation - Includes test plans and every policy, checklist, form, and other documents necessary to execute each control as written.

SOX BASIC is also available for licensing by financial services and public accounting and consulting firms looking for a different approach to assisting their existing and potential clients with their compliance objectives.

"We developed SOX BASIC specifically for smaller public companies who have limited resources and internal controls needs," said Teresa Bockwoldt, chief executive officer, Vibato. "Our belief is that having a solid best-practice approach to use as a guide while a company grows will give companies an advantage from the start. SOX BASIC allows a company to start very small and scale as they grow."

To download the SOX BASIC product flyer, please click here.

Company Engages with a member of the RSM McGladrey Network to represent and implement Vibato solutions.

SAN FRANCISCO, Calif. – December 16, 2009 – Vibato, the only provider of the fixed-price, best-practice, modular approach to meeting Sarbanes-Oxley and SAS-related compliance requirements, today announced that HJ Associates & Consultants, L.L.P., an independently-owned member of the RSM McGladrey Network, executed an agreement to represent and implement Vibato solutions, including SOX Compliance Made Simple (SCMS) which is part of the Vibato Internal Control Suite line of products.  HJ Associates & Consultants intends to expand its business by attracting and engaging new clients, in part through representation of Vibato’s unique offerings.

After seeing a demonstration of the SCMS approach, HJ Associates & Consultants referred several SEC audit clients to Vibato.  Because of the high quality, cost-effective results of those implementations, HJ Associates & Consultants determined that offering Vibato’s solutions could add value to its existing array of services and contribute to additional growth.  Under the agreement, HJ Associates & Consultants will represent Vibato solutions to existing and prospective clients and provide implementation services on behalf of Vibato.  HJ Associates & Consultants will be able to leverage the benefits of the SCMS approach while maintaining the client relationship directly to provide any other ongoing services the client might need.

“We have been very impressed with the value and efficiency delivered to some of our existing clients through Vibato’s solutions,” said Bruce Kartchner, partner at HJ Associates & Consultants, L.L.P.  “By leveraging the capabilities and cost-effectiveness of SCMS with our firm’s expertise, we can more effectively attract new client business.  We can enhance our existing offerings to better serve companies that are public, private and venture-backed, pre-IPOs who need to complete their internal control development and documentation, and any other organizations that understand the management benefits of properly developed and documented internal controls.”

“Partnering with firms such as HJ Associates & Consultants, who share the same commitment to value and excellence as we do, is a natural fit for us,” said Teresa Bockwoldt, chief executive officer, Vibato.  “We are delighted to see audit firms recognize the benefits of our unique approach, for both themselves and their clients.  Our expanding client and partner base supports our confidence that the market is ready for our unique approach to taking much of the cost out of financial reporting compliance activities, whether a company is just getting started or already has an implementation in place.  We look forward to supporting HJ Associates & Consultants as they introduce more clients to the benefits of the SCMS methodology.”

Vibato continues to expand its client roster and sees growing interest from potential partners for inclusion of the SCMS toolset in its portfolio of service offerings.  Vibato clients and its audit partners benefit from the strong value delivered through the best-practice, fully-integrated, SCMS approach for establishing and documenting internal controls, or reducing existing control counts.  This approach has been benchmarked against the Big Four audit plans and has been deployed successfully across a diverse array of industries and companies.

HJ Associates & Consultants, L.L.P. is a full-service locally owned certified public accounting firm located in downtown Salt Lake City, Utah.  Their objective is to provide high quality audit, tax, accounting, and advisory services to their clients in a cost effective and timely manner.  HJ Associates & Consultants, L.L.P is an independently owned member of the RSM McGladrey Network.  The RSM McGladrey Network is the premier affiliation of independent accounting firms in the nation. They are members of the AICPA and CAQ, and are enrolled with CPCAF and registered with the PCAOB. For more information, please visit www.hjcpafirm.com

The SCMS suite is currently available for companies of all sizes and industries. For more information please click here or call (888) 4VIBATO.

About Vibato
Vibato, LLC is dedicated to providing the most cost-effective compliance solutions available.  Our mission is to help you reduce audit and compliance fees, improve financial transparency and run your business more efficiently.  For more information, please visit us at www.vibato.com or contact us directly at mail@vibato.com