LeaseCalcs, Inc.

LeaseCalcs (http://www.leasecalcs.com), the widely anticipated answer to the problems associated with the new lease accounting standards. LeaseCalcs’ patent-pending online lease accounting + analysis Software-as-a-Service (“SaaS”) offering allows companies to analyze, account for, administer and abstract their leases while leveraging the work done by others for one of these tasks to complete the work --- and share it across the organization and the web --- required for the rest of these tasks. LeaseCalcs allows companies to transition to the new lease accounting standards quickly and economically, saving precious time and millions of dollars in the process. LeaseCalcs allows tenants, their commercial real estate brokers and their auditors to see the full financial statement impact from any lease or group of leases - under both current and new lease accounting standards - before the lease, or group of leases, is executed and to maintain the GAAP and IFRS-based accounting over the life of those lease(s).