Armen Computing Ltd. in the Press

FOR IMMEDIATE RELEASE

For information, contact:

Jason Derbyshire, Business Development Manager
Armen Computing Ltd.
145 Lady Helen Ct., Fayetteville, GA 30214
Phone: 800-372-6078
Fax: 678-298-8373
contact us by email

FOUR THINGS ACTIVE TRADERS MUST KNOW ABOUT TAX REPORTING

One Third of Traders Misreport Taxable Gains and Losses; Leading Trader Tax Accounting Software Focuses on Needed Education for Accurate Tax Reporting

Fayetteville, GA – June 10, 2011 — Although tax time seems far away, 2011 means big changes for traders and investors. TradeLog Software, industry leading tax-lot accounting software for active traders and investors, has taken steps to begin educating traders and investors about these important changes as well as common misconceptions and errors when reporting taxable gains and losses from trading. This much needed education will hopefully help the estimated 38% of traders in securities who the IRS claim do not report their taxes properly.

“We have identified four areas that should be of great concern to traders when it comes to their taxes,” says David Eich, Founder and President of Armen Computing, the makers of TradeLog software. “Number one on the list is reliance on broker provided P&L reporting for taxes. We are shocked how many traders will take a broker P&L statement and simply use that for their tax reporting, even though it almost always has a warning disclaimer ‘not for tax purposes’.” Eich insists on the danger of relying solely on a broker P&L reminding that a broker’s main focus is on executing trade orders, not on providing tax accounting. Through their website at www.tradelogsoftware.com, TradeLog Software has begun channeling information about the reasons why broker profit and loss reporting may not be accurate for taxes.

“Second, traders must know that popular tax software programs on the market were never designed to handle more than a small handful of schedule D transactions,” Eich continues. Research into these programs finds that most rely on the broker provided P&L report for the necessary data, a report that, as mentioned previously, is typically inaccurate. These programs also are very limited in how they generate wash sales, often requiring manual identification by the user. Real life examples are provided by TradeLog showing the results that occurred from using these programs. They also educate traders on what is necessary when looking for the right tax software.

The third must-know fact is that new cost basis reporting requirements for brokers will result in increased tax enforcement for traders and investors. Jason Derbyshire, Business Development Manager for TradeLog software says, “When we began studying this new legislation and the background we realized right away that congress’ intent was clearly to collect tax revenue that was currently not being collected. Little attention has been given to this fact!” TradeLog has created a resource center on their blog site, as well as in-depth topics explaining what traders need to know and expect. “Bottom line,” says Eich, “if you are not 100% sure that your tax filing is accurate, you better make sure you are ready for next year.”

The fourth point made by TradeLog involves calculating wash sales. In a bold claim on their website TradeLog states “no other software properly adjusts wash sales between stocks and options as required by the IRS!” Backing that claim up, TradeLog explains the clear IRS rules about wash sales and how such scenarios are handled by other tax software. Mr. Eich says “we are confident in our reporting. In over ten years of business we have never been told the IRS had rejected our reporting. In fact many of our users come to us because they are being audited and they need to re-do their schedule D correctly!” Also noteworthy are the endorsements of leading tax experts, which are listed on the TradeLog website. These experts rank TradeLog as their top pick software for trader taxes.

Eich concludes by saying, “our goal in the coming months is to educate not just our clients, but all traders regarding these important issues facing them at tax time. And we want traders to be educated consumers when choosing tax software and other tax solutions.” Traders and investors can take advantage of this free education through their main website at www.tradelogsoftware.com, as well as their blog, email newsletters, and webinars. A much needed endeavor with so many traders at risk of increased scrutiny by the IRS.

Armen Computing, Ltd was founded in 1999 with the publication of TradeLog software. In the last decade TradeLog has become the #1 rated tax accounting software for traders and is the top choice of leading trader tax experts.

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FOR IMMEDIATE RELEASE

For information, contact:

Jason Derbyshire, Business Development Manager
Armen Computing Ltd.
145 Lady Helen Ct., Fayetteville, GA 30214
Phone: 800-372-6078
Fax: 678-298-8373
contact us by email

TRADERS & INVESTORS: NEW ONLINE HOME FOR TAX ACCOUNTING

New Website Enhances User Experience and Online Resources for
Leading Trader Tax Accounting Software

Fayetteville, GA – November 3, 2010 — Traders and investors have a new place to go for learning about tax issues specific to them, as well as software solutions that fit their needs. TradeLog software, industry leading tax-lot accounting software for active traders and investors, has recently moved to their new domain at www.tradelogsoftware.com. This is the culmination of months of progressive work developing a robust online home featuring important resources for software users as well as all traders and investors.

“We started in early 2010 with a totally new design, giving our site a fresh look with easier navigation,” says David Eich, Founder and President of Armen Computing, the publisher of TradeLog. “Then we fully optimized the site and moved it to the new domain which is hosted completely on the cloud.” Cloud hosting is the latest trend for optimal web hosting. Rather than limiting to one server, a cloud-hosted site is operating on multiple connected servers. The result is unlimited scalability for the website – and super fast load times for visitors.

When asked about new features, Jason Derbyshire, Business Development Manager for Armen Computing says, “Visitors will find enhanced video media including tutorials and webinars to play on-demand. We have expanded Tax Topic resources providing specific information on tax issues affecting traders. And we will soon have a new blog as well as social media features to further enhance the experience of both TradeLog users as well as visitors to our site.” The timing of these enhancements are important as Armen Computing is poised to help traders and investors understand the new cost basis reporting requirements that US brokers must meet in 2011. “We have always been recognized as a resource in guiding individual traders and investors through the most complicated tax regulations they face. Now we feel better situated to continue providing that online support into this new era of broker reporting.”

The new design of www.tradelogsoftware.com has already received a 2010 WebAward from the Web Marketing Association for outstanding achievement in web development.

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FOR IMMEDIATE RELEASE

For information, contact:

David N. Eich, President
Armen Computing Ltd.
286 Bethany Ct., Inman SC 29349
Phone: 800-372-6078
Fax: 678-298-8373
contact us by email

ARMEN COMPUTING LTD. SIGNS MARKETING AGREEMENT
FOR ITS TRADELOG™ SOFTWARE WITH FIDELITY BROKERAGE SERVICES LLC

INMAN, SC – December 7, 2006 — Armen Computing Ltd. today announced a new marketing agreement for its TradeLog™ tax lot accounting software program with Fidelity Brokerage Services LLC. Fidelity owns and operates a leading online brokerage web site at www.fidelity.com and is one of the largest brokerages in the world.

Fidelity chose TradeLog™ as one of only two solutions being offered from their web site for portfolio and cost basis tracking of client accounts for tax purposes. TradeLog™ is the only tax lot accounting and trade analysis software program designed specifically for the needs of active traders, and is delivered exclusively via our web site at: www.tradelogsoftware.com.

Capital Gains, Wash Sales, and Schedule D at your fingertips
TradeLog™ simplifies the process of importing and matching online trade history and has the broadest support for online brokers in the industry. There is no need for complex spreadsheets or reformatting of data. Our new brokerConnect™ import method requires only a few mouse clicks and your Fidelity trade history is immediately downloaded, imported, and matched for capital gains and wash sales.

TradeLog™ boasts the most sophisticated trade matching, capital gains, and wash sale computations of any software on the market. And it does all of this extremely fast. Unlike most personal finance and tax software programs, or web services designed for low volume investors, TradeLog™ has been optimized to handle tens of thousands of records.

The IRS Schedule D-1 attachment report is suitable for filing with your taxes, or your gains and losses can easily be exported to a TXF file which can then be imported into most major tax software tools such as TurboTax and TaxCut.

A product version for every budget
TradeLog™ one-year subscriptions start at only $69 and include a version for mark to market accounting. Annual subscription renewals are available at a 20% discount from list. A free trial version is also available for immediate download which is limited to 20 transactions and 30 days of use.

Superior technical support
In an age of scaled back support, we feel that our customers deserve to speak with a live person. Therefore all product versions come with unlimited free support and updates. Standard support hours are 9 am to 5 pm EST, Monday through Friday via email, fax, or phone.

About Armen Computing Ltd.
TradeLog™ software has been developed by Armen Computing Ltd. which provides automated tools and services to the active trader community. Armen Computing Ltd. is headquartered in South Carolina, USA and has been operating over the internet since February of 2000.

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FOR IMMEDIATE RELEASE

For information, contact:

David N. Eich, President
Armen Computing Ltd.
286 Bethany Ct., Inman SC 29349
Phone: 800-372-6078
Fax: 678-298-8373

ACTIVE TRADERS IN DESPERATE NEED OF HELP WITH IRS SCHEDULE D
Matching tax lots, calculating wash sales and capital gains, and then getting them
entered on a schedule d can be nightmare for active stock and option traders!

INMAN, SC., February. 22, 2005 -- By far the most complex IRS form to fill out come tax time, if you are an active trader or investor, is the IRS 1040 Schedule D. Manually matching hundreds or thousands of trades, calculating the correct capital gain or loss for each, and then entering them one line item at a time on a schedule d is a monumental task.

“Sad to say, most personal finance and tax software programs, commonly used by traders attempting to file their taxes, do not handle these complex calculations properly. And none calculate wash sales per IRS requirements” states David N. Eich, President of Armen Computing Ltd.

“Equally sad is the fact that most online brokerages provide a Form 1099 each year that only reports stock sales. Imagine how daunting it can be for an active trader or investor, who routinely trades both stocks and options, to match each sale with the appropriate purchase, and then determine an accurate gain or loss for each lot sold.”

Help is on the way
Armen Computing Ltd. announced today a major new release of their TradeLog™ and TradeLog MTM™ trade accounting and tax software programs for active traders. (www.tradelogsoftware.com)

TradeLog™ makes short work of the above mentioned accounting nightmare by allowing traders and investors alike to import and match an entire year’s worth of trades right from their online broker’s web site. All sales and purchases are properly matched, and capital gains and losses are quickly calculated for each and every trade. A simple report functions as a Schedule D attachment (Schedule D-1) for tax filing purposes.

The dreaded IRS Wash Sale Rule
But the real power of TradeLog™ lies in its ability to accurately apply the IRS wash sale rule. Calculating wash sales on short and long trades, on unequal numbers of shares, across “substantially identical” securities such as options and underlying stocks, and across multiple brokerage accounts is a major headache for anyone trying to prepare their trader tax return.

TradeLog™ is a simple to use program that fills this critical year end tax accounting need, while also providing the ability to import a proper accounting of capital gains and wash sale adjustments into most popular tax software programs.

New features in version 5 include lightning fast calculations, a new OFX import capability, invaluable new reconciliation tools, and enhanced Mark to Market reporting options (TradeLog MTM only). As with previous versions, Armen Computing’s extensive support service remains available to all users.

Software versions range in price from $49 to $349 and all versions come with a robust suite of portfolio tracking and trade analysis tools.

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FOR IMMEDIATE RELEASE

For information, contact:

David N. Eich, President
Armen Computing Ltd.
286 Bethany Ct., Inman SC 29349
Phone: 800-372-6078
Fax: 678-298-8373

ARMEN COMPUTING LTD. SIGNS JOINT MARKETING AGREEMENT
FOR ITS TRADELOG™ SOFTWARE WITH FAIRMARK PRESS INC.

INMAN, SC – January 31, 2005 — Armen Computing Ltd. today announced a new joint marketing agreement for its TradeLog™ trade accounting and tax software program with Fairmark Press Inc. Fairmark owns and operates a leading investor tax web site at www.fairmark.com and is a leading contributor of tax topics to Yahoo Finance as well as others.

“We get countless questions from people struggling to comply with the wash sale rule and other tax laws for capital gains,” says Kaye Thomas, author of the book “Capital Gains, Minimal Taxes” and founder of Fairmark Press.

TradeLog offers a solution that's easy and accurate
Delivered exclusively via the internet at www.tradelogsoftware.com, TradeLog™ software is the only trade analysis and tax accounting software program designed specifically for the needs of active traders.

Simplified Capital Gains, Wash Sales, and Schedule D
With the broadest support for online brokers in the industry, TradeLog™ simplifies the process of importing and matching online trade history. There is no need for complex spreadsheets or reformatting of data. Simply select and copy your online trade history and with a click of a button, all of your trades are imported and matched.

The Gains and Losses report generated by TradeLog™ can easily be exported to a TXF file format, which can then be imported into most major tax software tools.

A product version for every budget
TradeLog™ trade and tax accounting program versions start at $49 for 100 transactions, $97 for 300 transactions, $197 for 1000 transactions and $297 for an unlimited number of transactions per brokerage account. TradeLog MTM™ for mark to market accounting costs $349. A free trial version is also available for immediate download which is limited to 20 transactions and 30 days of use.

Superior technical support
All product versions come with free support and updates for a period of one year after date of purchase. Standard support hours are 9 am to 5 pm EST, Monday through Friday via email, fax, or phone. Yes, you heard it right -- TradeLog™ is the only software in this market that includes live technical support via telephone. Most competitors do not even publish their phone number!

Annual renewals of support and updates for the unlimited versions of TradeLog™ and TradeLog MTM™ are available at the reduced costs of $175 and $225 respectively.

About Armen Computing Ltd.
TradeLog™ and TradeLog MTM™ are software products developed by Armen Computing Ltd. which provides automated tools and services to the active trader community. Armen Computing Ltd. is headquartered in South Carolina, USA and has been operating over the internet since February of 2000.

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