"Drawing the Line: Tax-Exempt Purposes Versus Unrelated Business Income": BoardBoost Corporate Governance Seminar, Thursday, November 4th, 4 PM EST - Third Webcast of Non-Profit and Government (IRS) Ruling Interpretation Requested by Financial Management Audience.

"The financial upper management of each non-profit is seeking vital facts. What is really tax-exempt? How should it be reported?" says Morris Nunes, President of BoardBoost- Request for broadcast made by Institute of Internal Auditors and financial community through December, 2004. Nonprofit Compliance: Sarbanes-Oxley and Other New Regs -- Live Webcast on Internet TV Channel KindStream.com, Featuring BoardBoost's President Morris Nunes - webcast now being made available to anyone interested in BoardBoost's informational Mission Oriented -Entity Oversight for Boards and top management.

Falls Church, VA (PRWEB) October 28, 2004 -- Renowned BoardBoost Compliance expert Morris Nunes, in cooperation with the Institute of Internal Auditors (IIA) will once again be featured in four more new, live interactive webcasts on the TV Worldwide Internet TV Channel KindStream.com (www.KindStream.com) where he will discuss the challenges faced by nonprofit organizations in the new regulatory environment resulting from the Sarbanes-Oxley Act and new IRS initiatives. For more information, visit www.tvworldwide.com/kindspring.

With the welcome cooperation from the Carlton Group, KindStream Non-profit media and the Institute of Internal Auditors (IIA), BoardBoost (www.boardboost.com) is offering these webcasts, both in current time and archived via e-mail, attractively-priced at $75.00 per broadcasts in order to fit non-profit budgets. Volume discounts are available. The webcast remains available to all participants in archived form for a full year at no extra charge. Additionally, DVD and VHS copies of the webcast are continuously offered after the event for those who can't participate "live" on the web. The next webcast dates scheduled are: Thursday, December 2nd: "Six Ways to Lose Your Tax Exempt Status: Is Your Organization At Risk?" and Thursday, December 16th: "Simplifying Non-Profit Sarbanes-Oxley Compliance - Even on a Shoestring Budget"

We're pleased to feature more presentations of such depth on KindStream.com," stated Michael Clark, CEO of KindStream Media. The impact of these regulations on nonprofit organizations is significant and we feel it is critically important to inform our nonprofit executive audience about these requirements. The insight that Mr. Nunes brings to the webcast is invaluable to this most important message about the Sarbanes-Oxley/IRS compliance challenge now facing non-profit organizations. We know that with the years of experience and knowledge that Mr. Nunes brings to this subject, IIA Members and others in non-profit organizations that will find the assistance they have been seeking for some time now."

Participants interested in viewing the November 4th webcast may do so by registering at www.kindstream.com and www.tvworldwide.com. Upon registering, participants should install the latest version of the free Real Video or Windows Media Player prior to the event and should log on beginning at 3:45 PM. The live Internet webcast will be made available as an archived file, shortly thereafter and will be hosted for one full year at www.KindStream.com .

MORE on the BoardBoost webcasts and seminars: The Sarbanes-Oxley Act, prompted by accounting abuses and financial fraud in the for-profit world, has given birth to a new and still evolving regulatory environment of accountability and liability for board members in all kinds of entities. The recent IRS initiative, now forcefully propels non-profits into the same environment. In each webcast, Mr. Nunes offers participants a rejuvenating look at the philosophical, operational, structural and accounting issues and concepts that form the foundation for all executives and directorship activities and decisions. Particular emphasis on communications, financial reporting/audits and information flow supports establishment of the fundamental framework for making both compliance and liability avoidance a natural outgrowth of policies, procedures and operations.

For anyone who is interested in a corporate strategy and the inner-workings of Sarbanes-Oxley, as well as being able to view the first BoardBoost webcast, First Principles: Nonprofit Responsibilities in the New Regulatory Environment", which originally aired on TV Worldwide on Wednesday, September 1, 2004, Mr. Nunes invites all interested parties to e-mail Info@BoardBoost.com (e-mail protected from spam bots) to obtain the webcast code to view the 90-minute presentation described above. The presentation, as shown in its entirety last September 1, 2004, offers all a closer look at the "Do's and Don'ts" in financial preparation for your Board, both geared for profit and not for profit. The second webcast of Thursday, October 14th, "Rethinking Non-Profit Executive Compensation - The Reasonableness Challenge" is similarly archived and available.

Mr. Nunes will be speaking at the Tower Club in Northern, VA at the BoardBoost Seminar "Searching for Financial Truth: When Can Accounting Be Trusted?" on Wednesday, December 8, 2004: www.boardboost.com/towerclub.dec8.asp

About BoardBoost and Morris Nunes:

Morris Nunes, Esq., is an attorney with a Wharton degree in finance and accounting,. He is on the faculty for both the Georgetown University MBA Program and Catholic University's law school. He has over a quarter century of experience advising businesses and non-profits. Author of 5 books including "Balance Sheet Management" Mr. Nunes has designed the unique BoardBoost Seminar for Directors. Each Seminar is customized to fit the individual needs of your Board's business and corporate culture, as Mr. Nunes works with boards on a one-on-one basis. To learn more about BoardBoost Seminars, providing Mission-Oriented Entity Oversight for Boards of Directors, in Government and Industry, please visit www.boardboost.com , or send an e-mail to Info@BoardBoost.com (e-mail protected from spam bots). You may also contact Mr. Nunes care of HighViz Consulting Group at 1-800-380-2825.

About KindStream Media:

KindStream Media (www.kindstream.com) is an Internet media content developer for the non-profit sector. In addition to producing webcast programming on issues of importance to non-profits, KindStream produces web-based streaming media content for individual nonprofit organizations helping them educate the public about their missions, cultivate donors and build a lasting community of support. The Company's principals bring years of fundraising consulting experience and state-of-the-art media technology to its clients' fundraising efforts.

About TV Worldwide:

As a leading global Internet broadcasting and streaming media company, TV Worldwide (www.tvworldwide.com) is developing a network of video channels that is an affiliation of community-based Internet television stations, each underwritten by a strategic partner, "aimcasting" (SM) to targeted demographic audiences worldwide. TVWorldwide.com works with strategic partners to develop the latest in live and archived state-of-the art video streaming content applications. TVWorldwide.com was recently named one of the streaming video industry's "Hottest Streaming Companies" by Streaming Magazine, www.streamingmagazine.com, and CEO Dave Gardy was honored by the magazine as one of the 50 Most Influential People in Streaming Media.

NOTE: If you are with the media and interested in interviewing Mr. Nunes about his unique theory and approach on corporate governance, please contact Abbe Buck at HighViz at the number enclosed in release contact information.

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