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akriznauski@untracht.com

June 3, 2005

UNTRACHT EARLY & ASSOCIATES, LLC IMPLEMENTS GOFILEROOMŪ FOR IMPROVED CLIENT SERVICE

Englewood Cliffs, NJ - Immediatech Corporation announced today that New Jersey-based CPA firm Untracht Early & Associates has implemented GoFileRoom, Immediatech's web-hosted document management system. GoFileRoom helps firms reduce operating costs and improve customer service by replacing file cabinets and paper documents with a virtual filing system. With this system, accountants and financial professionals can access documents instantly from any computer through a secure login.

"We wanted a document management solution that would provide easy access to client information and enhance workflow, without compromising security," said David S. Untracht, Senior Principal at Untracht Early & Associates. "In our continuing effort to provide our clients with the highest level of personalized attention and professional service, we believed that investing in the proper electronic infrastructure would only improve productivity and quality of service.

Our firm looked at a variety of document management products, but found that from a security, backup and maintenance standpoint, the quality of GoFileRoom was superior to that of its competitors, and the most comprehensive product available. We chose GoFileRoom for its simplicity with regard to ease of use, tax preparation and sharing of information, while incorporating technologically advanced security and backup features. GoFileRoom offers constantly monitored security at its offsite data center. This provides a seamless backup and recovery process not possible with an in-house system.

GoFileRoom is hosted from secure data centers in Secaucus, New Jersey and Chicago, Illinois. Each data center has several layers of physical security, including security guards, closed circuit television and biometric identification scanners. Both centers provide for 24/7/365 monitoring, as well as fully redundant operations, including Internet connectivity from multiple providers, power backup that can operate for days in the event of a regional outage and advanced fire suppression systems.

"Given that we continue to experience tremendous growth, storage capacity, disaster recovery, and of course, security have become increasingly important factors in maintaining the high standards of service to which our clients are accustomed," said Mark A. Soslow, Principal at Untracht Early & Associates. "GoFileRoom is an important asset that more efficiently serves the needs of our clients, particularly those with large and intricately linked tax returns. The system allows us to streamline the tax return process as well as save a significant amount of storage space. We also cannot ignore the environmentally friendly aspect of a paperless environment."

About Untracht Early & Associates, LLC

Untracht Early & Associates is a mid-sized accounting firm located in Florham Park, New Jersey. The firm offers a full range of accounting, tax, auditing and consulting services. The firm specializes in serving a diverse clientele that includes investment partnerships, closely held and entrepreneurial businesses and provides Family Office Services to meet the needs of high net worth individuals and their families. Untracht Early holds itself to high standards and is built on solid professional skills and strong working relationships with their clients. For more information, visit www.untracht.com.

About Immediatech Corporation

Based in Englewood Cliffs, NJ, Immediatech Corporation is a leading provider of electronic document management and workflow solutions, allowing customers to streamline their operations, increase staff productivity and obtain better security and business continuity.

Immediatech's GoFileRoom provides a Web-hosted document management service. Customers use the system via the Internet, eliminating the need for in-house installation and technical support, as well as the upfront investment typically required for such a system. GoFileRoom is available in both Enterprise and Professional Editions. For more information, visit www.Immediatech.com.