Fedarra Helps Customers Successfully Submit Stimulus Funding Reports On Time

LAKE OSWEGO, OR--(Marketwire - October 13, 2009) - Fedarra, a veteran-owned business offering unique full-service "Concierge" based Recovery Act reporting services, today announced that it successfully delivered 100 percent of its customers' stimulus funding reports prior to the original deadline of October 10, 2009. Fedarra customers are recipients of American Recovery and Reinvestment Act (ARRA) stimulus funding, and must report quarterly to the Office of Management and Budget (OMB) on how they have used the money they have received.

"Fedarra is proud to have helped agencies and businesses around the nation meet the stimulus reporting requirements on time," said John Cimral, founder and CEO of Fedarra. "We take a unique full-service Concierge approach to ARRA reporting. Serving as a buffer for our customers we do the work for them, eliminating the steep, time consuming compliance and technology learning curves. With Fedarra's Concierge approach, we spend an hour with each customer and are then able to produce a professional, high quality report that includes important audit related documentation. In short, we provide a worry-free experience for what can be a difficult and frustrating process for fund recipients."

Many local government and small/medium business recipients often do not have the staff, knowledge or tools to efficiently complete the required stimulus reporting. In fact, recipients were notified via FederalReporting.gov -- the designated report submission site -- of a 10-day grace period due to technical challenges involved in submitting data. According to the site, "Since this is the first time that recipients are submitting data reports and some states are encountering technical challenges in filing bulk reports for their recipients, FederalReporting.gov will remain open for reporting until Oct. 20."

Fedarra provides the expertise required to easily complete these reports -- offering same-day turnaround if required -- and stands ready to help agencies and businesses that might not have met the original deadline. "Fedarra developed nine reports for us -- six of them were submitted in the first day and all were completed well before the deadline," said Juan Roskell, CEO of JC Roskell Management Consultants, Inc.

"My experience with Fedarra was fast and easy. In just a few days, Fedarra prepared our ARRA report," noted Ann J. Ferguson, Executive Director of Linden New Jersey's housing authority.

"Learning a completely new and complex reporting process can be a daunting task for any agency or organization," said Cimral. "Fedarra eliminates that stress by serving as a trusted partner in the report preparation process. Our current customers were able to submit completed reports without taking ARRA training or learning a new software system. We are extremely proud to report that all submissions were completed on time, which is a true testament to our Concierge team's knowledge of the technology and process."

About Fedarra, LLC

Fedarra is a veteran-owned business offering a unique Concierge service for Stimulus Package reporting. Fedarra was founded by technology thought leader John Cimral, former CEO of ProSight (now ORACLE), a leader in portfolio management and enterprise investment management software. Fedarra is headquartered in Lake Oswego, Oregon. For additional information, please visit www.fedarra.com.

Contact Information: Contact: Matt Olenski Vice President, Sales and Marketing Fedarra, LLC (877) 281-2772 ext. 703 matt.olenski@fedarra.com