Spokesperson: David Barker
Phone: 800-858-8448
Phone: 586-415-5555
Press Release Electrosonics, Inc.
17150 15 Mile Road
Fraser, Michigan 48026-3442

For Immediate Release

Exec-Amort™ Loan Amortization Software for Windows

Electrosonics announces a new edition of Exec-Amort™ Loan Amortization Software for Financial Professionals

Fraser, Michigan, January 2005: Electrosonics, Inc., 17150 15 Mile Road, Fraser, MI 48026; https://www.execamort.com, has released a Windows version of Exec-Amort™ loan amortization and APR software. The new Windows based program addresses the needs of the financial professional for accuracy and flexibility in loan amortization reports.

In addition to the standard features of a first-class amortization program are these unique options: Exec-Amort's methods for the calculating of interest for short, long or odd periods and whether the interest is collected as prepaid interest, with the first payment or over the life of the loan. Additional distinctive features for financial institution include the interest rounding methods of up-down or off. Exec-Amort also provides consistent amortization results by having factory set default calculation options that can be adjusted then locked to the way the institution does business.

Legendary in the DOS world for over 18 years, Exec-Amort is famous for its ease of use in dealing with simple or sophisticated loans. Current customers include thousands of notable attorneys as well as the U.S. Small Business Administration and many of the nations top lenders.

The creator of the software, David Barker, President of Electrosonics, says “The secret is in our mathematical algorithms which makes the software accurate to the penny in all calculations.” Barker goes on to say that “lenders will enjoy using Exec-Amort because this program thinks like a lender!”

Known for its quick and complete amortization reports the new Windows based program provides a precise loan amortization schedule for many types of financial assisted transactions. Exec-Amort also includes solve for an unknown, as well as Yield/IRR, Loan Payment Calculator, Loan price and Net Present Value reporting.
Exec-Amort runs on Microsoft Windows™ based PC systems. Exec-Amort supports standalone or Windows networked LAN/WAN(’s) that are capable of running Microsoft Windows 95, 98, NT, ME, 2000 or XP operating systems. Exec-Amort is network aware with a built-in Multi-user License Manager supporting simultaneous usage. Report printing to any printer defined to the Windows based system whether the printer is directly attached to the PC or through a network.

Electrosonics welcomes inquiries on the software program which sells from $279.95 for the web downloadable version. Multiple user license’s are also available.

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Execamort Loan Amortization Software Developed by Electrosonics, Inc.

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