Mexico Ledger in Mexico, Missouri

Money Making Idea Attracts Sounder Corp Firms

A yellow frame house in Reсаda California serves as Sounder Corp headquarters one of many small firms formed to profit from distributing corporate reports and proxy material to the financial community. Firms charge 60 cents per annual or proxy and 30 cents per quarterly report. The rapidly growing field includes at least 50 to 100 such firms, with most started in the last two years. The owner Howard Grace avoids publicity, fearing it will spur more entrants. Grace would not reveal details about clients or distribution scope.