September 13, 2007 08:00 ET

FiREapps CEO to Present at Thunderbird School of Global Management on Foreign Exchange Exposure Management Best Practices

Wolfgang Koester Invited to Share Best Practices for Corporate Foreign Exchange Exposure Management at Nation's Top International Business School

SCOTTSDALE, AZ--(Marketwire - September 13, 2007) - FiREapps, the leading provider of Corporate Foreign Exchange Management Technologies, announced today that CEO Wolfgang Koester has been invited by his alma mater, Thunderbird School of Global Management, to address graduate business students on the best practices for Corporate Foreign Exchange Exposure Management. For the sixth consecutive year, Thunderbird was named the number one International Full-Time MBA by U.S. News & World Report 2007 in its 12th year running.

Unlike other areas of accounting and finance, there is little structured education and training for foreign exchange managers at colleges and universities. As a result, foreign exchange managers have been left to their own creativity, instincts and the use of spreadsheets to record and understand their company's foreign exchange exposure.

Director of the Thunderbird Global Financial Services Center and Professor of Global Finance, John Mathis, invited Koester to share with future finance executives the business and technology trends impacting foreign exchange exposure management. "Thunderbird is committed to preparing our students with the most cutting-edge knowledge and tools to ensure their success," said Mathis. "We are pleased to offer Mr. Koester the opportunity to present his insights and perspective on industry best practices and technologies that will better prepare the global leaders of tomorrow to create sustainable prosperity worldwide."

Location:          15249 N. 59th Avenue
                   Glendale, Arizona 85306
Day/Time:          Friday, September 14, 2007 at 9:00 am - 10:45 am
To Attend:         Contact Robyn Greco at

"Recent multinational corporations' earnings losses demonstrate that the consequences of not managing foreign exchange currencies can be severe. The goal of this presentation is to increase corporations' sophistication and acumen for managing this foreign exchange risk," said Koester. "Once again, Thunderbird is demonstrating its ongoing leadership in developing the skill sets needed to succeed in today's global business environment."

About Thunderbird

Since its founding in 1946, Thunderbird has been synonymous with global leadership in business education. This leadership is recognized by major publications around the world, which have consistently named Thunderbird as a leader in global business education. The following is a list of the school's current rankings:

 #1 International Full-Time MBA, U.S. News & World Report 2007, 12th year
 #1 International Business MBA, Walls Street Journal 2005, 5th year running
 #1 Global Business EMBA, Business Week, 3rd year running
 #1 Intercultural Management Worldwide, America Economia
 #3 Best overall in Latin America, GMBA for Latam Managers, Expansion
 #7 in World for Custom Programs, Financial Times 2007
 #4 in World for Executive Education faculty, Financial Times 2007
 #7 in World for International Schools, Wall Street Journal 2006
 #8 in World for Custom Programs
#15 in World for Open Enrollment Programs, Financial Times 2007

About Koester

Koester is the CEO of FiREapps, the leading foreign exchange exposure technology firm. Koester has been managing risk for Fortune 100 companies as well as governments, including G-10s, since 1986. Prior to forming Rim-Tec, Koester served as President with GFTA Trendanalysen Inc., a quantitative currency manager. Koester holds a Bachelor of Science from Arizona State University and a Master's Degree in International Management from Thunderbird School of Global Management.

Contact Information