SOURCE: OptionEase, Inc.

OptionEase, Inc.

December 28, 2010 09:00 ET

JAB Wireless Broadband Chooses OptionEase to Ensure Accurate Equity Reporting, End Reliance on Consultants

MISSION VIEJO, CA--(Marketwire - December 28, 2010) -  OptionEase® Inc., the leader in on-demand software-as-a-service (SaaS) applications for fair-market-value accounting and compliance, today announced that JAB Wireless Broadband (JAB), which delivers Internet and voice over IP (VoIP) telephone service to customers in five states, is using OptionEase solutions to reduce the time it takes to deliver monthly equity reports, to record option and warrant expenses quarterly instead of just at year-end, and to help complete annual audits on time.

JAB is a small, privately-held company, but it has numerous investors and a complicated equity structure. The organization had relied upon spreadsheet reporting for equity accounting and used its external auditors to conduct annual Black-Scholes analyses. JAB investigated several potential technology solutions -- including CapMx, Equity Enterprise and EquityFocus -- and ultimately chose OptionEase for its focus on both options and warrants accounting and equity reporting, as well as for its unlimited customer support.

"We realized our equity accounting was inefficient," said Bruce Blair, JAB financial analyst. "OptionEase enabled us to not only shore up our information, but also deliver it on time to all relevant stakeholders and for less expense than JAB had previously experienced. And OptionEase customer support is always available to us when we have questions."

"OptionEase enables companies of all sizes to take control of their equity accounting and reporting and end their reliance on expensive consultants who may or may not deliver accurate, timely information," said Kim Kovacs, CEO and founder of OptionEase. "And because OptionEase is as focused on complete customer support as we are on reliable technology, organizations are assured that they are not alone in their efforts to meet regulatory and stockholder expectations."

About OptionEase, Inc.
OptionEase (www.optionease.com) is leading the evolution of SaaS-delivered regulatory applications in the highly complex governance, risk and compliance (GRC) marketplace. The company's first product was designed specifically for audit compliance under FAS 123(R) (ASC Topic 718) and now encompasses a full suite of end-to-end equity management tools. More than 500 private VC-funded and large multi-national public corporations rely on OptionEase's solutions and service to comply with financial and regulatory reporting requirements under FAS, SEC and IASB. With a 96 percent customer retention rate, OptionEase is headquartered in Mission Viejo, CA. and funded by venture capital and private equity.

About JAB Wireless Broadband
JAB Wireless, Inc. is a Colorado-based corporation engaged in the acquisition and expansion of wireless broadband operations in the Western United States. JAB provides wireless broadband Internet and digital voice telephone service to residential and business customers in Colorado, Wyoming, Utah, Idaho, and Texas. The Company has grown to become one of the largest fixed wireless broadband service providers in the U.S. through acquisitions and organic growth. JAB Broadband provides service through its wholly-owned subsidiaries operating under the brands of SKYBEAM (www.skybeam.com) in Colorado, Wyoming and Texas, and Digis (www.digis.net) in Utah and Idaho. JAB Wireless, Inc. was founded in 2005 and is based in Englewood, Colorado.

This press release may include forward-looking statements, including statements regarding the company's product development plans, which are subject to change. The actual results may differ materially from those described in any forward-looking statement.

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