Tag Archives: Virginia

New Study Finds Most Companies Lack Systems and Processes to Comply with New Lease Accounting Standards

GREAT FALLS, Va., May 11, 2016 (SEND2PRESS NEWSWIRE) -- LeaseAccelerator, the leader in Equipment Lease Management software, announced the results of a market readiness survey for the new lease accounting standards. The first research study to be completed since the Financial Accounting Standards Board (FASB) announced ASU 2016-02 (ASC 842), surveyed financial professionals about their state of readiness for the new leasing standards.

The survey also asked respondents to assess the maturity of their processes and systems for managing leased equipment such as aircraft, trucks, forklifts, laptops and data center gear.

The study found that 85% of respondents were in the process of reading, studying, and implementing the new standards. Less than 10% of respondents believed they had the right systems in place to comply today. Of those surveyed, 42% were expecting the implementation of the new standards to be "pretty painful" or "extremely painful."

Additional findings of the study included:
* Equipment leasing lacks a consistent owner at many companies. 31% of those with large leasing programs had no designated owner.
* Most companies do not have an up-to-date inventory of their leases. 64% of companies with large leasing portfolios stated it could take months.
* Most companies do not have a system of record in place for equipment leases. Almost 65% were using spreadsheets or "a little of everything" to track these assets.

"Only a handful of companies have adopted best practices for the accounting and administration of their equipment leases," said Michael Keeler, CEO of LeaseAccelerator. "The majority are relying on spreadsheets with no clear organizational owner or KPIs. Companies should get started now implementing the necessary systems, processes and controls if they are going to meet the deadlines for the new lease accounting standards."

Developed over a period of ten years by the Financial Accounting Standards Board and International Accounting Standards Board, the new lease accounting standards change the way public companies will report leases in their quarterly and annual financial statements. Many real estate and equipment leases, previously only disclosed in the footnotes of investor filings will now be capitalized on corporate balance sheets.

The IASB estimates that over $2.2 Trillion of assets and liabilities will transfer onto corporate balance sheets in the coming years. The implementation deadlines for the new standards start in 2019. However, companies will also have to provide three years of comparative income statement, beginning on January 1st, 2017 for calendar year end filers.

You can read the full report here now:
http://www.leaseaccelerator.com/lease-accounting-readiness-study .

About the study:

On behalf of LeaseAccelerator, in March 2016, an independent, third-party research firm surveyed over 150 treasury, accounting, finance and tax professionals at Fortune 1000 companies about their readiness and expected challenges with implementing the new lease accounting standards.

About LeaseAccelerator:

LeaseAccelerator offers the market-leading SaaS solution for Equipment Lease Management (ELM), delivering hard cost savings, compliance, and best practices to large, international lessees. LeaseAccelerator is the only solution that covers the entire enterprise equipment leasing lifecycle, including: Equipment Lease Sourcing, saving 6-8% by driving down capital costs; Portfolio and Performance Management, saving 8-12% by improving end-of-term return performance; and Lease Accounting, enabling compliance with current and new FASB, IFRS, and SOX standards.

Learn more at http://www.leaseaccelerator.com/.

* LOGO for media: Send2Press.com/mediaboom/16-0418-leaseaccel-300dpi.jpg

Twitter: @LeaseAccelerate

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/new-study-finds-most-companies-lack-systems-and-processes-to-comply-with-new-lease-accounting-standards-2016-0511-03.shtml.

NEWS SOURCE LeaseAccelerator :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

LeaseAccelerator Announces FASB ASC 842 and IFRS 16 Compliant Accounting Solution for Equipment Leases

GREAT FALLS, Va., April 18, 2016 (SEND2PRESS NEWSWIRE) -- LeaseAccelerator, the leader in Equipment Lease Management software, today announced a new release featuring updated functionality to support the new lease accounting standards introduced by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB). With support for FASB ASC 842 and IFRS 16, LeaseAccelerator customers can now confidently comply with the financial reporting requirements of the U.S. Securities and Exchange Commission (SEC) and other international regulators in time for the 2019 implementation deadlines.

LeaseAccelerator's accounting capability is designed to handle the unique complexities of equipment leases across a wide variety of categories from material handling and manufacturing equipment to office and IT equipment. The new functionality enables companies to track equipment leases not only at the portfolio and schedule level, but at the asset-level as well. Over 100 data attributes can be tracked for each individual piece of equipment along with all the judgments, calculations, emails and supporting documentation. Activities that might impact the accounting are tracked for each leased asset including upgrades, swaps, partial buyouts, returns, and renewals.

With this comprehensive set of data, the LeaseAccelerator software-as-a-service application can produce all the debits and credits needed for the new lease accounting standards. In a few mouse clicks, users can generate income statements, balance sheet and cash flow statements under the new standards, current standards or both in parallel.

Features of the new release include:
• Lease classification testing to distinguish between finance leases and operating leases.
• Multiple ledgers to support the comparative, historical reporting requirements and local statutory GAAP requirements.
• Journal entries for major lifecycle events throughout the lease including commencement, mid-term, and end-of-term.
• Calculations of monthly expense recognition, payment, principal reduction, short and long term reclassifications.
• Interfaces of all journal entries (debits and credits) to SAP, Oracle and other General Ledger applications.
• Roll Forward, Trial Balance, Future Obligations by Period and Lease Classification Accounting Treatment reports, and As-at reporting.

"Most companies are focused on the 2019 implementation deadline date, but both FASB and IFRS require up to three years of comparative, historical reporting as well. That means many companies need to start capturing the detailed accounting data for their leases starting in 2017, the date of initial adoption," said Mark Koppersmith, director of product management for LeaseAccelerator. "With our SaaS application, customers can activate the new accounting capabilities in less than 24 hours and begin to start collecting all the information needed during the transition period -- from lease terms and payments to reasonably certain end-of-term options."

About LeaseAccelerator:

LeaseAccelerator offers the market-leading SaaS solution for Equipment Lease Management (ELM), delivering hard cost savings, compliance, and best practices to large, international lessees. LeaseAccelerator is the only solution that covers the entire enterprise equipment leasing lifecycle, including: Equipment Lease Sourcing, saving 6-8 percent by driving down capital costs; Portfolio and Performance Management, saving 8-12 percent by improving end-of-term return performance; and Lease Accounting, enabling compliance with current and new FASB, IFRS and SOX standards.

Learn more at http://www.leaseaccelerator.com/.

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Twitter: @LeaseAccelerate

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/leaseaccelerator-announces-fasb-asc-842-and-ifrs-16-compliant-accounting-solution-for-equipment-leases-2016-0418-01.shtml.

Auditions Closing April 2 for Active Duty, Veteran, Retiree Singers to Perform at Invictus Games on May 8

FT. BELVOIR, Va., March 28, 2016 (SEND2PRESS NEWSWIRE) -- Time is running out to audition for a special chorus being formed by the Center for American Military Music Opportunities (CAMMO) to perform in the Invictus Games Orlando 2016 on May 8, 2016. The Games will be held at ESPN Wide World of Sports Complex at the Walt Disney World Resort in Orlando, Fla., and broadcast live on ESPN2.

CAMMO will accept auditions through April 2, 2016, from active duty, Reserve and National Guard service members, as well as veterans and retiree singers from all branches of the military.

Those selected will be part of a mass chorus who will sing in a spectacular segment of the two-hour television production. The Chorus will perform the Invictus Anthem, which was adapted by Chris Martin of Coldplay in 2014 from the historic poem "Invictus" by William Earnest Henley, and is the anthem of these Games.

Created by Prince Harry, the Invictus Games began in 2014 in London as an international multi-sport adaptive event for armed forces participants. Over 500 active duty service members and veterans who became wounded, injured or sick during their service will represent 14 nations and compete as part of their recovery and rehabilitation. The Games have the support of the White House and the U.S. Department of Defense.

Requirements:
* Participants are not required to read music but must be able to attend rehearsals on May 5-7, as well as the performance on May 8. Additional rehearsals for Orlando-based performers will be conducted on April 30 and May 1.
* Applicants must provide a DD214 or active duty identification, and other information for a background check.
* This is a volunteer opportunity; participants are expected to provide their own transportation and accommodations.

How to Apply & Audition:
Auditions will be handled using the free WURRLY app, which you can download to your smartphone or tablet. Follow these steps:

1. Download the WURRLY app on your device by going to http://www.wurrly.com/download.
2. Select "America the Beautiful" and record your version of the song.
3. Hashtag #CAMMO in the comments to show that you agree with the TERMS and then Save.

If you have questions or cannot audition with the WURRLY app, please contact the CAMMO Casting team at casting@cammomusic.org. Detailed rehearsal schedule information will be provided to those who are selected to participate.

ABOUT THE INVICTUS GAMES:
For more information about the Invictus Games Orlando 2016 and the Invictus Games Foundation, please visit http://invictusgames2016.org and http://invictusgamesfoundation.org.

ABOUT CAMMO:
CAMMO is a 501(c)(3) nonprofit organization founded in 2009 by U.S. Navy veteran Cathie Lechareas and U.S. Army veteran Victor Hurtado that believes in the healing power of music. Run by veterans for veterans and active-duty service members, CAMMO provides military-specific music programs to help past and present service members suffering from neurological impairments such as traumatic brain injury and post-traumatic stress disorder (PTSD).

CAMMO also develops military and veteran artists, technicians, writers and musicians at its CAMMO centers. Through its Soundtrack to Recovery in-reach program, CAMMO brings certified music therapists, musicians and volunteers to hospital Residential Treatment Centers. And CAMMO's Guitars Revitalizing Our Warriors Through Healing (GROWTH) program encourages positivity, motivation and hope through full-spectrum guitar and music instruction. For more information about CAMMO, visit http://www.cammomusic.org/.

IMAGES FOR MEDIA:

*PHOTO 1: Send2Press.com/mediaboom/16-0328-CammoVoices-300dpi.jpg

*Photo 1 Caption: CAMMO Voices at VWISE.

*PHOTO 2: Send2Press.com/mediaboom/16-0328-NightHeroes-300dpi.jpg

*PHOTO 2 Caption: CAMMO's Voices of Service perform at Pentagon Federal 2015 Night of Heroes Gala.

MEDIA CONTACTS:
Cathie Lechareas
Co-Founder/Executive Director CAMMO
1-888-562-6220 (O); 1-703-967-5391 (C)
Cathie@cammomusic.org,

or Christine M. Colborne, Media Relations
1-404-213-3014 (C)
Christine@cammomusic.org

Twitter: @cammo_music @InvictusOrlando #invictusgames @wurrly

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/auditions-closing-april-2-for-active-duty-veteran-retiree-singers-to-perform-at-invictus-games-on-may-8-2016-0328-03.shtml.

NEWS SOURCE Center for American Military Music Opportunities :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

Center for American Military Music Opportunities is Recipient of 2016 JL Simmons Non-Profit PR Grant

FORT BELVOIR, Va., March 25, 2016 (SEND2PRESS NEWSWIRE) -- CAMMO, The Center For Military Music Opportunities, today announced that it has been selected to receive the annual J.L. Simmons Non-Profit PR Grant for 2016. The Grant, launched in 2000 by Neotrope(R), helps worthy causes raise visibility to media and public for the charity's good works.

With this commitment, Neotrope aligns itself with CAMMO's ongoing mission to provide military-specific music programs to help past and present service members suffering from neurological impairments such as traumatic brain injury and post-traumatic stress disorder (PTSD).

As part of this in-kind grant program, Neotrope is providing public relations (PR) solutions, news dissemination (through its Send2Press(R) Newswire service), online advertising, and social media marketing for CAMMO. This program is intended to help raise awareness of the 501(c)3 non-profit to traditional media, to the public, as well as potential sponsors and donors, regarding their efforts.

"Returning service members and veterans face specific challenges and CAMMO provides a direction, specifically toward our military music community," explains Cathie Lechareas, Co-Founder/Executive Director CAMMO. "With the support of companies like Neotrope, we hope to further raise awareness about our programs. We appreciate Neotrope's commitment to helping us promote these efforts with this grant."

"We're honored to be helping CAMMO with their various charitable endeavors over the coming year," said Neotrope CEO, Christopher Laird Simmons; a member of PRSA and ASCAP. "CAMMO is unique in helping veterans interested in pursuing music industry careers in production, recording, management and other related music careers. As a lifelong musician myself, and ASCAP member, I think this is a truly wonderful cause and worthy of support."

About CAMMO:

CAMMO is a 501(c)3 non-profit organization founded in 2009 by U.S. Navy veteran Cathie Lechareas and U.S. Army veteran Victor Hurtado that believes in the healing power of music. Run by veterans for veterans and active-duty service members, CAMMO provides military-specific music programs to help past and present service members suffering from neurological impairments such as traumatic brain injury and post-traumatic stress disorder (PTSD). CAMMO also develops military and veteran artists, technicians, writers and musicians at its CAMMO centers.

Through its Soundtrack to Recovery in-reach program, CAMMO brings certified music therapists, musicians and volunteers to hospital Residential Treatment Centers. And CAMMO's Guitars Revitalizing Our Warriors Through Healing (GROWTH) program encourages positivity, motivation and hope through full-spectrum guitar and music instruction. For more information about CAMMO, visit http://www.cammomusic.org/.

About the Non-Profit PR Grant:

The Non-Profit PR Grant(TM) program was originally launched in 2000 to help assist U.S. 501(c)3 worthy causes to raise awareness, attract halo sponsors, and better connect with donors and volunteers. Other PR industry firms have since copied the name, but ours is the original.

Starting in 2013, the Grant was re-named after the company co-founder, the late Dr. J.L. Simmons, PhD, who passed away in 2003. Now the Neotrope PR Grant program is known as the "J.L. Simmons Non-Profit PR Grant."

With this cause-related marketing grant program, Neotrope has been honored to help many worthy causes in past years, including the Bob Moog Foundation, Camp Blue Skies, Children Awaiting Parents, Girls Write Now, Move for Hunger, National Inclusion Project, Pacific Pinball Museum, Special Equestrians, Starlight Children's Foundation, World Savvy and dozens more (use of any org name does not imply endorsement).

Additional information regarding the Neotrope 2016 J.L. Simmons Non-Profit PR Grant program for U.S. charitable non-profits and grant recipients can be found at: http://prgrants.com/ or on Facebook at https://www.facebook.com/NonProfitPRGrants.

About Neotrope:

Since 1983 Neotrope(R) has delivered services to raise organization awareness including brand identity, marketing, public relations (PR), web development and ecommerce, and Last Mile SEO(TM) services. Neotrope is also an entertainment publishing company involved in books, music, software, and online magazines. The company, co-founded by Dr. J.L. Simmons, and Christopher Laird Simmons, has been at the forefront of many communication and technology movements for over three decades. Neotrope was an Inc. 5000 company in 2009. More information: http://Neotrope.com.

*PHOTO for media: Send2Press.com/mediaboom/16-0325-SoundtracktoRecovery-300dpi.jpg

*Photo Caption: Soundtrack to Recovery team Fort Belvoir, Va.

*LOGO: Send2Press.com/mediaboom/16-0323-cammo-300dpi.jpg

Twitter: @CAMMO_Music @prgrants #prgrant @neotrope

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/center-for-military-music-opportunities-is-recipient-of-2016-jl-simmons-non-profit-pr-grant-2016-0325-01.shtml.

Best Selling Author to Bring ‘Magical Musical Plants’ to Virginia Libraries and Schools

RICHMOND, Va., Feb. 22, 2016 (SEND2PRESS NEWSWIRE) -- Bestselling author and award-wining songwriter Thornton Cline will bring his latest published children's book, "The Amazing Magical Musical Plants" (ISBN: 978-1574243253), to Central Virginia for a free multimedia book event tour of the Richmond Public Library, the Blackstone Public Library, one Richmond Public School and an autograph event for Classical FM radio station, WCPE in Raleigh, North Carolina March 8-12, 2016.

"Children discover that playing their musical instruments for their plants can make them grow in this fun, magical book," says native Virginian, Thornton Cline.

Cline will kick off his book-event tour with a guest appearance at the Richmond Public Main Library on Tuesday, March 8, 2016 at 11:30 a.m. EST and a presentation for the Literary Guild of the Friends of the Library at the Blackstone (Nottoway County) Public Library on Tuesday, March 8 at 7 p.m.

Wednesday through Friday, Cline will be touring the Richmond Public Library branches, one Richmond Public Elementary School and will be autographing his books at an event for Classical powerhouse FM radio station, WCPE in Raleigh, North Carolina.

$5 will be donated to the Libraries and Schools for every book signed and sold.

"The Amazing Magical Music Plants" is Cline's third children's book co-authored with bestselling children's author, Crystal Bowman and illustrated by award-winning illustrator, Susan Oliver. It is narrated by actress/writer, Jayla Palmer. The new children's book is published on Centerstream/Hal Leonard Publishing. Cline's first children's book, "The Amazing Incredible Shrinking Violin" (ISBN: 978-1574243130) soared up the charts to become one on the Amazon bestselling list for children's musical books.

The book is now available at major book sellers and online at Amazon: http://amzn.com/157424325X .

Thornton Cline has been honored with "Songwriter of the Year" twice in a row for his hit song, "Love is the Reason" recorded by Engelbert Humperdinck and Gloria Gaynor. He is author of four children's books, two novels and four non-fiction books. Cline has been awarded with Dove and Grammy nominations for his songs. Cline is a graduate of Virginia Commonwealth University, and University of Illinois at Champaign-Urbana. He resides in Nashville with his wife and children.

For more information, please visit: http://www.thorntoncline.com/.

Twitter: @thornton_cline

*IMAGE for media: Send2Press.com/mediaboom/16-0111-musical-plants-300dpi.jpg

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/bestselling-author-to-bring-magical-musical-plants-to-virginia-libraries-and-schools-2016-0222-02.shtml.

NEWS SOURCE Thornton Cline :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.

New Study Identifies Companies Most Impacted by New FASB and IFRS Lease Accounting Rules

GREAT FALLS, Va., Jan. 26, 2016 (SEND2PRESS NEWSWIRE) -- LeaseAccelerator, the leader in Equipment Lease Management software, published today a report listing the off-balance sheet lease obligations of the 500 largest U.S. public companies. The report, entitled "Who is Most Impacted by the New Lease Accounting Standards?" aims to provide greater awareness of the potential impact of the new lease accounting standards.

Both the recently announced IFRS 16 and the forthcoming FASB ASC 842 will require companies to transfer their operating leases, previously only disclosed in the footnotes of their financial reports, onto their balance sheets starting in 2019. They will replace IAS 17 and ASC 840 (formerly FAS 13), respectively. According to the International Accounting Standards Board, listed companies around the world have around $3.3 Trillion of leasing commitments -- over 85 percent of which do not appear on their balance sheet.

The companies who will be most impacted by the new capital lease accounting standards will be those with the largest operating lease obligations. The off-balance sheet leases for a specific company can range from a few million dollars, on the low end, to tens of billions of dollars, on the high end.

As the new standards have been developed over the past ten years, there has been much debate and analysis of how the changes will impact companies' decisions to lease versus buy and how credit ratings might change. However, there has been very little research into the additional administrative burden that will be placed on companies to re-design their lease accounting processes to comply. Specifically, to avoid a significant deficiency or material weakness, at-rlsk companies will have to adopt new management strategies, policies, and software to address the big data problem of equipment lease management: maintaining complete, accurate, and up-to-date data for leases, assets, and stakeholders distributed around the world.

"With comparative reporting requirements for the new lease accounting standards starting as early as 2017 for most firms, we believe that many Fortune 500 companies are woefully unprepared for the new lease accounting standards, especially their equipment lease portfolio," said Michael Keeler, CEO of LeaseAccelerator. "We hope the publication of this report will provide CFOs with a perspective on the relative size and significance of their operating lease obligations compared to their industry peers and prompt a proactive investigation of solutions given the 2017 income statement comparables deadline."

You can read the full report here now:
http://www.leaseaccelerator.com/off-balance-sheet-lease-study .

Company	F500 Lessee Ranking	Total Operating Lease Obligations ($Millions)
Walgreens	1	$33,721
AT&T (1)	2	$31,047
CVS Health (2)	3	$27,282
Wal-Mart Stores	4	$17,910
FedEx Corporation	5	$16,385
Bank of America Corp.	6	$14,406
Verizon Communications Inc.	7	$14,403
McDonald's	8	$13,160
United Continental Holdings	9	$13,000
Delta Air Lines	10	$12,741
J.P. Morgan Chase & Co.	11	$12,441
American Airlines Group	12	$11,073
Citigroup	13	$10,015
Whole Foods Market	14	$8,902
Rite Aid	15	$7,797
Home Depot	16	$7,705
TJX	17	$7,609
Aeropostale	18	$7,446
Wells Fargo	19	$7,055
Dollar General	20	$6,627

About the Report:

LeaseAccelerator has compiled a list of the 500 largest U.S. public companies ranked by the size of their off balance sheet leasing obligations. To identify the 500 companies, we used Fortune Magazine's most recent "Fortune 500" study. For the operating lease obligations, we collected data from the most recent SEC 10-K annual filings for each of these public companies. No calculations or manipulation of the leasing obligation data has been performed. We have simply organized the data reported by the companies into a list. Hyperlinks to the SEC filings or other financial reports used to source the data have been included for reference.

About LeaseAccelerator:

LeaseAccelerator offers the market-leading SaaS solution for Equipment Lease Management (ELM), delivering hard cost savings, compliance, and best practices to large, international lessees. LeaseAccelerator is the only solution that covers the entire enterprise equipment leasing lifecycle, including: Equipment Lease Sourcing, saving 6-8% by driving down capital costs; Portfolio and Performance Management, saving 8-12% by improving end-of-term return performance; and Lease Accounting, enabling compliance with current and new FASB, IFRS, and SOX standards. Learn more at http://www.leaseaccelerator.com/.

Through LeaseAccelerator's Equipment Lease Sourcing marketplace, customers can access The Global Lessor Network (GLN), a community of more than 500 lessors around the world who compete to win our customers' business. Using the GLN, global companies with a need for in-country leasing expertise and financing can identify and transact with local lessors. LeaseAccelerator supports transactions in 50 countries, spanning a wide variety of asset types and deal sizes. Lessors are encouraged to register at http://www.lessornetwork.com/.

Media Contact:
Max Leitenberger
Buttonwood Communications Group
(914)-864-1614
maxl@buttonwoodpr.com

* LOGO for media: Send2Press.com/mediaboom/15-0505-leaseaccel-300dpi.jpg

Twitter: @LeaseAccelerate

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/new-study-identifies-companies-most-impacted-by-new-fasb-and-ifrs-lease-accounting-rules-2016-0126-04.shtml.

LeaseAccelerator to Host Webinar on Spend Management for Equipment Leases

GREAT FALLS, Va., Jan. 19, 2016 (SEND2PRESS NEWSWIRE) -- LeaseAccelerator, the leader in Equipment Lease Management Software, announced today that it will host a webinar on Spend Management for Equipment Leases. Drawing upon case studies from Fortune 500 companies, LeaseAccelerator will outline how savings of 6-8 percent can be achieved on leases in categories ranging from transportation and material handling to IT and office equipment.

The webinar is designed for procurement leaders developing their 2016 spend reduction plans and those seeking to re-engineer their equipment lease procurement process in advance of the new lease accounting standards (FASB ASC 842 and IFRS 16).

What: Spend Management for Equipment Leases - Five Best Practices.

Key Topics will include:
- Managing Equipment Leasing as a Spend Category.
- Unbundling Finance from Equipment Negotiations.
- Minimizing Evergreen and End-of-Term Fees.
- Quantifying and Tracking the Savings.
- Evaluating the Business Case.

How: Educational webinar with audience Q&A.

Who: Bob Solomon, CEO of Software Platform Consulting and Michael Keeler, CEO of LeaseAccelerator.

When: Thursday, January 21, 2016 at 1 p.m. Eastern (10 a.m. Pacific).

Where: Sign up for the webinar here: http://elm.leaseaccelerator.com/procurementwebinar.html.

About LeaseAccelerator:

LeaseAccelerator offers the market-leading SaaS solution for Equipment Lease Management (ELM), delivering hard cost savings, compliance, and best practices to large, international lessees. LeaseAccelerator is the only solution that covers the entire enterprise equipment leasing lifecycle, including: Equipment Lease Sourcing, saving 6-8 percent by driving down capital costs; Portfolio and Performance Management, saving 8-12 percent by improving end-of-term return performance; and Lease Accounting, enabling compliance with current and new FASB, IFRS, and SOX standards. Learn more at http://www.leaseaccelerator.com/.

Through LeaseAccelerator's Equipment Lease Sourcing marketplace, customers can access The Global Lessor Network (GLN), a community of more than 500 lessors around the world who compete to win our customers' business. Using the GLN, global companies with a need for in-country leasing expertise and financing can identify and transact with local lessors. LeaseAccelerator supports transactions in 50 countries, spanning a wide variety of asset types and deal sizes. Lessors are encouraged to register at http://www.lessornetwork.com/.

Media Contact: Max Leitenberger, Buttonwood Communications Group, 914-434-5725, Maxl[at]buttonwood.com.

* LOGO for media: Send2Press.com/mediaboom/15-0505-leaseaccel-300dpi.jpg

Twitter: @LeaseAccelerate

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/leaseaccelerator-to-host-webinar-on-spend-management-for-equipment-leases-2016-0119-02.shtml.

LeaseAccelerator to Host Educational Webinar on New Lease Accounting Standards

GREAT FALLS, Va., Nov. 5, 2015 (SEND2PRESS NEWSWIRE) -- LeaseAccelerator, the leader in Equipment Lease Management Software, announced today that it will be hosting a webinar on the forthcoming Lease Accounting Standard changes. The company's experts have been closely monitoring the latest proposals and comments on both FASB 842 and IFRS 16.

Designed for Fortune 500 companies that lease more than $100M in equipment, the webinar will educate attendees on the new standards as well as offer consultation on how to start preparing for the changes.

What: Preview of the New Lease Accounting Standards - FASB 842 and IFRS 16.

Key Topics will include:
* When will the new rules for equipment leasing go into effect?
* How will the FASB rules compare to IFRS?
* Will you have to keep two sets of books during the transition period?
* How will this affect key financial ratios such as profitability, EBITDA and Return on Assets?

How: Educational webinar with audience Q&A.

Who: Michael Keeler, CEO of LeaseAccelerator.
Bruce Conway, Vice President of Operations at LeaseAccelerator.

When: Thursday, November 12 at 1 p.m. Eastern (10 a.m. Pacific).

Where: Sign up for the webinar here: http://elm.leaseaccelerator.com/LeaseAccountingChangesWebinar.html .

During the webinar, lease accounting experts will outline a nine-step process for transitioning to the new standards. Additionally, the presenters will share lessons learned from early adopters who have already re-engineered their leasing programs.

About LeaseAccelerator:
LeaseAccelerator offers market-leading SaaS solution for Equipment Lease Management (ELM); delivering hard cost savings, compliance, and best practices to large, international lessees. LeaseAccelerator is the only solution that covers the entire leasing lifecycle, including: Capital Sourcing, saving 6-8 percent by driving down capital costs; Portfolio Management, saving 8-12 percent by improving end-of-term return performance; and Lease Accounting, enabling compliance with current and new FASB, IFRS, and SOX. Learn more at http://www.leaseaccelerator.com/.

Through LeaseAccelerator's Capital Sourcing marketplace, customers can access The Global Lessor Network (GLN), a community of more than 500 lessors around the world who compete to win our clients business. Using the GLN, global companies with a need for in-country leasing expertise and financing can identify and transact with local lessors. LeaseAccelerator supports transactions in 50 countries, spanning a wide variety of asset types: corporate aircraft, computers, construction, forklifts, furniture, IT, manufacturing, mining, networking, and transportation equipment. Lessors are encouraged to register at http://www.lessornetwork.com/.

* LOGO: Send2Press.com/mediaboom/15-0505-leaseaccel-300dpi.jpg

Twitter: @LeaseAccelerate

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/leaseaccelerator-to-host-educational-webinar-on-new-lease-accounting-standards-2015-1105-02.shtml.

NEWS SOURCE LeaseAccelerator :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2015 Send2Press® Newswire, a service of Neotrope®.

Stemtree Education Center Grand Opening: Basic Science Comes to Life in the Heart of Vienna, VA

VIENNA, Va., Sept. 8, 2015 (SEND2PRESS NEWSWIRE) -- Stemtree Education Center will celebrate its official grand opening on Thursday, September 24, 2015 at 220 Maple Ave West, beginning at 6 p.m. Light refreshments will be served. Stemtree takes a unique approach to providing students in grades K-12 with one-on-one instruction in science, technology, and engineering. The community is invited to see our facility first-hand and to learn how Stemtree differs from traditional STEM centers.

Stemtree is the first after-school center in the area to offer STEM-focused enrichment through hands-on projects and experiments which we have aptly named "workouts." Students enjoy learning outside of a traditional classroom setting through a highly structured, yet highly customizable curriculum. Flexible scheduling and individual attention ensure students can progress at their own pace.

Stemtree is the brainchild of founder Dr. Abdelghani "Bell" Bellaachia, affectionately known as Dr. Bell. "I created Stemtree to give students the edge they need to succeed in school, career, and beyond," notes Dr. Bell. "But we can't reach them with more lectures and lessons, especially after a full day of school. That's why you will not find a traditional classroom here. Instead, we ignite the kids' passion for learning by engaging them in fun, hands-on activities. We bring basic science to life through workouts in science, technology, and engineering."

Stemtree Education Center first opened its doors in October, 2014. During the week, after school programs are offered at the elementary, middle, and high school levels, with optional pick up at local elementary schools. Students enjoy snack time, play time, and workouts in science, engineering and technology, plus support for homework and test preparation as needed. A home school program is available weekdays. Summer camp keeps kids busy and engaged each year from June - August. Fun, science-related birthday parties can be hosted on request.

Please stop by on September 24 to learn more, or visit our website at http://www.stemtree.com/.

Stemtree Education Center LLC, 220 West Maple Avenue, Vienna, VA 22180, Phone (703) 281-7836.

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/stemtree-education-center-grand-opening-basic-science-comes-to-life-in-the-heart-of-vienna-va-2015-0908-06.shtml.

NEWS SOURCE Stemtree Education Center LLC :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2015 Send2Press® Newswire, a service of Neotrope®.

Internet of Things (IoT) Presents Threat to Aviation Safety, According to Cybersecurity Expert

ALEXANDRIA, Va., April 14, 2015 (SEND2PRESS NEWSWIRE) -- The emerging Internet of Things (IoT) will expose the global aviation industry to vulnerabilities at a level never before seen and will have a transformative impact on the industry, according to George M. Schu, a cybersecurity strategist with Stangarone & Associates, a Washington D.C.-based consultancy.

According to Schu, "While the IoT promises to introduce enormous efficiencies and enhancements to aviation just as it is to other market segments, malware, or malicious software, is used by hackers with intent to disrupt operations, steal proprietary information, or compromise privacy."

"The aviation industry is five times more likely to be exposed to malware. Theft of customer data, intellectual property, and airfreight data are likely top motivations for targeting users in the aviation industry," he said.

The IoT enables automated communications between machines. The term IoT can include the type of Radio Frequency Identification tags that businesses place on products in stores to monitor inventory; the Smart Grid, which modernizes the electrical grid by harnessing digital technologies; and Internet-connected jet engines and drills on oil rigs.

"Indeed, there are great benefits to be realized for aviation with IoT -- more efficient aircraft routing, enhanced traveller experience, leveraging the sharing economy and an increased number of aircraft in a more connected ecosystem of aviation," he said, "but aviation leaders need to be cautious about how it is implemented."

A report released this January by the Federal Trade Commission (FTC) addresses the security and privacy issues related to the IoT. Though this report is primarily focused on the impact of the IoT on the security and privacy in the consumer market, it raises issues that pertain to other markets such as transportation and aviation.

"We are at the beginning of the IoT era. The FTC reports that six years ago, for the first time, the number of things connected to the Internet surpassed the number of people. Estimates are that there will be 25 billion connected devices this year, and by 2020 there will be 50 billion. Related to the IoT phenomenon is the growth of Machine-to-Machine (M2M) connections," he said.

Three and one-half billion sensors are already in the marketplace, and the expectation is that number will increase to trillions within the next decade. Schu said the confluence of IoT and M2M connections is staggering to contemplate. Both will drive new innovation and economies across market verticals.

In the current Annual Security Report issued by CISCO, aviation is cited in the top five market verticals most vulnerable to malware exposure.

Schu believes that aviation leaders need to ensure that standards for IoT implementation and security are adopted and strictly used, not just for the aviation industry itself, but for its partners and suppliers as well. "Your suppliers can become your weakest link," he said.

About George M. Schu:

George Schu is a cybersecurity strategist with Stangarone & Associates, an aerospace and aviation consultancy based in Washington D.C. Schu served as a Booz Allen Hamilton Partner and Senior Vice President for seven years. He provided data integrity solutions for a large multinational financial services company and delivered regular in-person reports to the Board of Directors. He led an initiative to help the electrical utilities industry understand cyber vulnerabilities to the electric grid. He also led multiple businesses supporting Departments of Homeland Security, Justice and other U.S. civilian agencies' cybersecurity missions.

Before joining Booz Allen, Schu was at VeriSign where he was Vice President, Public Sector, responsible for building a new sales group from the ground up. He led sales, consulting services and business development teams that accounted for substantial growth of VeriSign's information security business. He was also responsible for M&A efforts at VeriSign aimed at growing the government market business. He conducted search and due diligence of technology companies to take VeriSign business to the next level. Prior to VeriSign, Schu worked for Oracle Corporation where he led a team focused on growing Oracle Information Security solutions in various enterprises. He had a track record of successfully creating demand for Oracle products through innovative marketing, solution selling and thought leadership.

More information: http://www.stangaroneandassociates.com/ .

*PHOTO (web): Send2Press.com/mediaboom/15-0414-schu-500x375.jpg

CONTACT:
Robert Stangarone
Managing Director
Stangarone & Associates LLC
+1 (202) 650-7657
rstangarone@stangarone.com

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/internet-of-things-iot-presents-threat-to-aviation-safety-according-to-cybersecurity-expert-2015-0414-03.shtml.

NEWS SOURCE Stangarone and Associates LLC :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2015 Send2Press® Newswire, a service of Neotrope®.

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