Positive Growth & Profitability Direct Result of OptionEase’s Most Complete Equity Compensation Compliance Solution & Unmatched Customer Satisfaction

SAN JUAN CAPISTRANO, Calif.--(BUSINESS WIRE - March 12, 2009) - OptionEase, the leader in on-demand compliance solutions for FAS 123(R) [now ASC Topic 718] and IFRS2, today announced solid revenue growth of 300% in 2008, and achieving a company first; GAAP profitability in January 2009. The Company attributes these performance milestones to providing the most innovative and complete on-line application for FAS 123(R) [now ASC Topic 718] accounting compliance by a dedicated team of financial experts, software visionaries and CPAs providing unrivaled client support.

Growth & Profitability

Since its initial product launch in early 2007, the Company has retained over 300 clients ranging from VC backed to large multi-national public corporations through direct relationships and partnerships with accounting, valuation and independent CPA firms worldwide. Most clients continue to be US based; however, the Company expanded its multi-currency, multi-lingual product to clients in Europe, Asia and the Middle East in 2008. In August of 2008 the Company achieved a positive cash-flow position and in January 2009 posted its first month of net profitability. "We reached these milestones without compromising our product offering or dedication to quality service," notes Kim Kovacs, CEO of OptionEase.

OptionEase’s industry high ninety-five percent (95%) customer retention and satisfaction rate also remains unmatched in the industry due to the Company’s comprehensive and expert service methodology and advanced product offering.

Enhanced Functionality

OptionEase is the only application in the equity compliance space that runs on a solid state-of-the-art platform which allows for rapid development and deployment of functional enhancements to save time and money with complex regulatory issues and audit. To further enhance its SaaS offering, the Company is underway with multiple third-party connectors and is releasing its integration with Merrill Lynch’s On-Line Benefits application later this month. The Company is dedicated to delivering functionality to assist clients in this challenging market such as automating the process for re-pricing underwater stock options, enhanced analytics and custom tools for the stock plan administrator.

"Our customers view us as their long-term partner for one very important reason – we understand their business challenges better than others," said Kim Kovacs. "We have advanced our product innovation with a focus on customer results and now have the industry’s most comprehensive SAS70 Level II Certified equity compensation compliance platform available. I am honored to work with some of the smartest minds in the industry to help our customers achieve new levels of audit readiness and accounting compliance."