SUNNYVALE, CA – September 18, 2001 – Lease Cost Solutions Inc., a California based software development firm, today announced the launch of LseMod Version 7.1 as a web-based product.

LseMod is a commercial real estate financial analysis tool for tenants to compare multiple properties (lease and buy), subleases, and occupancy scenarios. Customizable templates, standard reports and graphs include P&L, before and after tax Cash Flow, NPV, capital budgets, fitup/infrastructure costs, and a one page CFO summary.

In a joint venture with Personable.com, a Los Angeles based application service provider, LseMod on the web represents a breakthrough analysis tool for tenants. James Duport, the developer and a nineteen year veteran Fortune 500 corporate real estate manager, believes the web-based program is unique to the commercial real estate market. “There is no other tool on the web or on a desktop that provides the kind of analysis that LseMod does. By using it on the web, users get access to over $5,000 worth of software for only pennies a day, and all upgrades are free,” said Duport.

For the first time commercial and corporate real estate managers can use a truly expert decision analysis tool on the web. Not just a simple (and potentially misleading) cash flow analysis, LseMod also includes the P&L impact by month and by year, and has been described as a Franklin Daytimer for a lease as well as a checklist for a budget.

By creating a web-based version, users can now access all the programs in the LseMod product suite on an as-needed basis, paying for unlimited use on a monthly basis, thus eliminating the need to purchase an analysis program or create their own Excel spreadsheet. Users save time and money by doing an analysis right the first time and can easily make changes on the web from anywhere. “Not a first generation product, users benefit from the continued enhancements since LseMod was first developed in 1989,” added Duport.

Companies that outsource their analysis can now have their vendors use LseMod on the web to create consistency, no matter who does the analysis. Reports can be either printed or e-mailed to end-users using LseMod’s proprietary e-mail program.

LseMod is frequently cited as the only program that looks at numbers and analyses the way a corporation and the CFO want to see them. Comparing the P&L impact and inclusion of fitup/infrastructure costs as Capital or Expense items gives senior management the ability to make more informed decisions based on all the occupancy costs. “It’s not just the rent. Frequently the infrastructure costs can be the deciding factor between renewing a lease or moving and downsizing an office,” said Duport. “By including all the costs, LseMod gives management the ability to compare the total cost and P&L impact either for an individual lease analysis or for an occupancy scenario analysis involving multiple properties.”

Unique to LseMod is the ability to analyze and compare international lease transactions in local currency with a summary in U.S. dollars. Note that LseMod is not a lease administration/portfolio management program for tracking critical dates and contacts, but a capital budgeting and a decision analysis tool for the lessee.

Headquartered in Sunnyvale, California, Lease Cost Solutions Inc. develops and markets software solutions for the commercial real estate industry. For more information about LseMod and Lease Cost Solutions, contact the company at 408-253-4067 or visit the web site at www.LseMod.com.

Contact:
Lease Cost Solutions Inc.
James Duport
President
408.253.4067
jduport@LseMod.com