06/08/2009

OPTIONEASE, INC. AND AVANT ADVISORY GROUP ANNOUNCE STRATEGIC BUSINESS ALLIANCE

Los Angeles, California, June 8, 2009, OptionEase, Inc. (www.OptionEase.com), the leader in on-demand accounting compliance software, and Avant Advisory Group (www.AvantAdvisory.com), a premier management consulting firm with a national practice, have partnered to provide efficiency, additional cost savings, and valuable compliance tools to their clients. The alliance between OptionEase and Avant Advisory provides professional services along with web-based accounting and finance tools to companies that need to maintain and disclose their equity compensation plans as required under FAS123(R) financial reporting and compliance requirements. OptionEase is web-based SAS 70 Type II certified application for stock option administration, valuation, and financial reporting that has withstood the rigors of more than 250 successful independent audits.  

Avant Advisory Group provides strategic, operational and financial expertise to clients through its CFO, controllership and C-Suite services from its Los Angeles, Newport Beach, and Santa Barbara offices in California. "The goal of the firm's CFO services is to reduce client costs, increase profitability, and improve cash flows, particularly in this difficult recessionary business environment," said Jim Davidson, managing director of Avant Advisory. "The OptionEase application is the highest quality, most comprehensive solution for FAS 123(R) accounting, reporting and compliance that we have seen. We are committed to providing the best services and solutions to our clients, and the OptionEase service allows us to do that.  Their team is extremely knowledgeable and responsive. We are proud to be in partnership with them and are looking forward to working together."

"We are very excited about this strategic alliance with Avant Advisory.  It brings great benefit to our clients as well as our firms," said Kimberly Kovacs, chief executive officer, OptionEase. "We welcome our new relationship with Avant and its clients and growing our installed base."

About OptionEase 

OptionEase is the market and technology leader in web-based software-as-a-service providing subscription on-demand tools for accounting and financial compliance.  The Company services over 350 privately held and publicly traded U.S. and international corporations ranging to over 185,000 employees.  The OptionEase compliance software is built for the CFO by accountants, but from the auditor's perspective to comply with the complex regulation of FAS 123(R). 

OptionEase gives the companies the power of participant self - help, reporting and what-if calculations on taxes due and potential capital gains. OptionEase is a powerful tool that fully automates modification accounting that result from re-pricing or exchange of underwater stock options and provides the most concrete audit trail of changes.

OptionEase has been honored as one of the "Top 100 Technology Companies in North America for 2009" by the Red Herring Magazine. OptionEase which attained profitability this year was chosen for the award from a pool of thousands of applicants.

OptionEase's cross-section of experience is of tremendous value to companies whether during their audit or while seeking assistance in supporting their assumptions and decisions. For more information, visit www.OptionEase.com or call (866) 550 3273. 

About Avant Advisory Group

Avant Advisory is a professional consulting firm comprised of highly skilled strategic, operating, and financial executives. Avant's consultants have decades of combined business, executive, and consulting experience and thousands of successful case studies. The firm's professionals come from some of the most prestigious consulting firms and companies.

Avant Advisory Group specializes in:

* C-Suite executive and interim management: CFO, CRO, COO, CEO, and board of directors
* Turnarounds, restructurings, and bankruptcy for troubled companies 
* Mergers, acquisitions, and capital transactions 
* Forensics, fraud investigations, and litigation support

Clients include public, middle-market, and emerging-growth companies. Their management teams, investors, capital providers, and other professionals, including attorneys, trustees, receivers, creditor committees, secured lenders, and other parties-in-interest, all benefit from the firm's services. 

Avant Advisory Group's mission is to leverage trust and confidence in its services, create value, and enhance each client's success. The firm accomplishes this by helping clients improve profits, EBITDA, cash flows, and asset management. There is also no stronger advocate for each client than Avant whether it is by its turnaround, restructuring, and crisis management expertise, merger and acquisition advisory services, its profitability and operational improvement capabilities, or its forensics and litigation support services. Avant Advisory provides businesses with an objective assessment and viable solutions to help manage through difficult transitions.

To learn more about Avant Advisory Group, please refer to www.AvantAdvisory.com or call James F. Davidson, CTP, CPA/CFF, CM&AA at (714) 924 7888.