September 17, 2007 08:00 ET

Vice President and Treasurer at Google and Treasury & Risk Magazine Join FiREapps to Address the Challenges and Impact of Foreign Exchange

Educational Webinar Approved for CTP/CCM Recertification Credit by the Association for Financial Professionals, Focuses on Foreign Exchange Exposure Management to Balance Sheets and Forecasted Cash Flows

SCOTTSDALE, AZ--(Marketwire - September 17, 2007) - FiREapps, the leading provider of Foreign Exchange Exposure Management Technologies, announced today that Pat Wechsler, editorial director at Treasury & Risk Magazine, will moderate an upcoming Webinar featuring Vice President and Treasurer at Google, Brent Callinicos, and FiREapps CEO Wolfgang Koester on effective foreign exchange exposure management and its impact on the foreign exchange lifecycle.

During this one-hour session attendees will learn about the challenges and issues related to managing the entire foreign exchange lifecycle. They will be provided concrete steps to begin changing processes and techniques that transform the current art of exposure management into a trusted science. All attendees are approved to receive up to one CTP/CCM recertification credit by the Association for Finance Professionals. This session will cover effective ways to:

--  Manage foreign exchange volatility on the balance sheet
--  Manage foreign exchange uncertainty on future cash flows
--  Improve currency risk management policies and processes

Join Treasury & Risk Magazine, Google and FiREapps for this highly informative discussion and learn practical tips and techniques to ensure data integrity, streamline processes and reduce the cost and effort required to manage foreign exchange exposures within your own organization.

Topic:       Understanding and Managing the Foreign Exchange Lifestyle

Moderator:   Pat Wechsler, Editorial Director, Treasury & Risk

Panelists:   Brent Callinicos -- Vice President and Treasurer, Google, Inc.
             Wolfgang Koester -- CEO, FiREapps

Date:        Thursday, September 20, 2007

Time:        12:30pm PDT / 2:30pm CDT / 3:30pm EDT

To register:

"Effective foreign exchange management is the missing piece of the financial risk management puzzle. For years I've seen treasurers struggle with trying to project and update their potential FX and hedging exposure," said Brent Callinicos, vice president and treasurer at Google, Inc. "I am excited to team up with FiREapps to help address treasurers' biggest pains and provide guidance on what they actually can do to reduce risks."

About Callinicos

As Vice President and Treasurer at Google, Callinicos is responsible for treasury and risk management activities. He joined Google early in 2007 after 14 years at Microsoft. His most recent role there was as Corporate Vice President and Divisional CFO for Microsoft's Platforms and Services Division, which encompassed the Windows, Server and MSN business groups. He was also Microsoft's Treasurer from 2000-2004. Callinicos has received numerous awards and commendations for his leadership at Microsoft, including a 2003 Alexander Hamilton award for Overall Treasury Excellence. Previously, Callinicos worked at Walt Disney, with financial responsibility for Walt Disney Records, and in various treasury and financial capacities at Procter & Gamble. Aside from his many other memberships and advisory roles, Callinicos served on Washington State's Governor's Council of Economic Advisors from 2001-2006. Callinicos received a B.S. in business administration from the University of North Carolina at Chapel Hill and an MBA in finance from the Kenan Flagler School at UNC. Callinicos is also a CPA. He was honored with the Distinguished MBA Alumni Award from Kenan Flagler in 2004 and cited as a top alumnus in the Wall Street Journal and Princeton Review.

About Koester

Koester is the CEO of FiREapps, developer of the world's leading foreign exchange exposure management software solution. Koester has been managing risk for Fortune 100 companies as well as governments, including G-10s, since 1986. Prior to forming FiREapps, Koester worked for over 13 years in various capacities with GFTA Trendanalysen Inc., a quantitative currency manager. In 1995 Koester became President of GFTA, serving for five years in that role. Koester holds a B.S. from Arizona State University and a Master's in International Management from The Garvin School of International Management ("Thunderbird").

About FiREapps

FiREapps, a subsidiary of Rim-Tec, Inc., is the leading provider of Foreign Exchange Exposure Management Technologies. The company provides technologies and services that help corporations optimize foreign exchange processes. These solutions help customers mitigate risk while increasing profitability and operational efficiencies. FiREapps has offices in Scottsdale, Arizona and Portland, Oregon.

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