New York (Oct. 16, 2003) -- CPA2Biz, the Web portal of the American Institute of CPAs, reported that it slashed its annual losses - which once hovered over $30 million - to $3.2 million, a reduction of roughly 90 percent.

The reduction in red ink for the portal, which debuted in June 2001, comes on the eve of the AICPA’s Fall meeting of Council in New Orleans, Oct. 20-21, where the news is scheduled to be announced to attendees.

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