SOURCE: OptionEase Inc.

February 21, 2008 17:14 ET

OptionEase Adds Equity and CapTable Management Solution to Product Offerings

New EquitEase Tool Integrates With the Company's Existing Applications and Is Available in Limited Beta

SAN JUAN CAPISTRANO, CA--(Marketwire - February 21, 2008) - OptionEase Inc., the leader in on-demand accounting compliance software, introduces EquitEase, an on-demand Equity and CapTable Management tool, designed for financial professionals. The new tool, which is in limited beta testing, has been designed to manage and analyze all current or future equity and debt financings. In addition, EquitEase integrates seamlessly with the OptionEase FAS123(R) compliance solution, offering a more complete solution for equity compliance and stock option accounting.

"Our number one priority is to provide our clients with the accounting and finance tools they need to save time, money and more importantly, to meet stringent regulatory compliance issues. EquitEase will enable clients to have a single source solution for complete equity tracking," said Kimberly Kovacs, chief executive officer, OptionEase. "Our application is Web-based, so we are able to develop EquitEase in real-time with our client CFOs, to ensure that it accurately meets their specific requirements."

On-Demand Secure Access

The tool, available as a Software-as-a-Service (SaaS) provides finance professionals the ability to accurately track, by investor, all equity, debt or other financing arrangements, as well as the effects on dilution, voting and other key parameters. EquitEase is offered on its own or with the OptionEase FAS123(R) application, as a fully integrated equity, CapTable and FAS123(R) compliance solution. The Web-based solution can be accessed at any time, day or night, from any Internet-equipped device. Completely secure, EquitEase can be accessed by multiple users simultaneously and each user can be assigned specific security level access.

Complete Integration for Accurate Tracking and Planning

EquitEase fully integrates with the OptionEase FAS123(R) compliance solution, delivering a seamless solution for an accurate audit trail for every add, update or delete transaction. The new solution, allows for "what-if" planning to see the impact of the next round of funding or the impact of varying stock price changes for equity holders and outstanding option holders. In addition, EquitEase has detailed document generation and tracking features and allows for complex queries and filtering.

Availability

The EquitEase application is available in limited access only to customers participating in the beta test. The OptionEase FAS123(R) compliance solution is available today and is in full implementation with more than 100 companies.

To find out more about EquitEase or OptionEase or to schedule a live web demonstration, visit, www.OptionEase.com or call 866-550-EASE (3273).

About OptionEase Inc.

OptionEase Inc. is the leading Web-based software-as-a-service company providing subscription on-demand tools for accounting and financial compliance. After its first year of operations, OptionEase FAS123(R) is the compliance solution of choice for more than 100 companies and has withstood the rigors of more than 80 successful independent audits. Headquartered in San Juan Capistrano, Calif., OptionEase services publicly traded and privately held venture backed companies of all sizes. For more information visit www.OptionEase.com or call 866-550-EASE (3273).

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