HONOLULU, Hawaii July 11, 2003 - weXL, a business consulting and interim executive services company, today announced the introduction of its Sarbanes-Oxley compliance assistance service that helps mid-size companies meet the requirements and the readiness of the Sarbanes-Oxley Act.

The Sarbanes-Oxley Act has established a new paradigm for corporate accountability. Good internal controls are no longer just good business practice, it is the law. It affects every public company listed on any US stock exchange, including foreign companies.

"Effective compliance assistance helps companies and its executives achieve three critical assurances: that their business transactions comply with established controls; that their control systems are comprehensive and designed to account for all transactions; and that their data is accurate and complete" said Richard Bazinet, Managing Partner of weXL. "Furthermore, all things considered, the most important factors at this time are the present state of a company's internal controls and its documentation of those processes that drive and support the internal controls".

Lately there has been a lot of noise about tools and players vying for compliance-management dollars. Richard Bazinet recommends using a three-step approach to narrow the field: define the scope of the task at hand in your company; strike a balance between compliance effort and internal controls; and pay attention to the right choice of auditor or consultant independence and their compliance review process.

About weXL
weXL is an independent business consulting and interim executive company that blends hands-on business consulting and managed services, project management and interim executive services for challenging environments. Among our partnerships, we represent 25 senior partners and 1,500 associate independent MBA consulting professionals from an exclusive and dedicated MBA-only channel from around the world, with an average of 22 years of experience.

weXL offers the subject-matter expertise and experience of a top-tier strategy firm, the global reach and depth of the big-5, and the speed and agility of a boutique organization. weXL provides managed business services in business strategy, planning and implementation, project management, IS strategy and planning - including CRM deployment, and just-in-time interim management or executive assistance. For more information, visit www. wexl.us.





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