[CPEO-BIF] Helping brownfield owners comply with Sarbanes-Oxley reporting requirements

["Hersh, Robert" <hersh@WPI.EDU>]

Business Wire 

New service allows firms to develop divestiture strategies for brownfields

NEW YORK
Marsh Inc., the world?s leading risk and insurance services firm, and RTI
International today launched a new service designed to help public and
private corporations better manage their real estate portfolios, optimize
holdings, and develop divestiture strategies for surplus properties,
including environmentally stressed properties or ?brownfields.?

The service is backed by an innovative software application known as SBS
DiscoverySM that uses complex models to assess the potential value of
impaired property holdings relative to their remediation costs.

?As a result of Sarbanes-Oxley compliance requirements and FASB 143/FIN 47
regulations, many companies today face significant challenges in assessing
and managing their real estate holdings as liabilities,? said Glenn Osmond,
business development director for RTI?s SBS Discovery. ?This new service and
its supporting technology allow corporations to take a more proactive
approach toward the management of their real estate holdings, including
surplus properties.?

Mr. Osmond said a significant number of the more than 450,000 brownfields in
the United States represent non-strategic surplus assets with good
development potential. Yet they frequently appear on balance sheets of major
corporations at nominal value. 

For the entire article, see:
<<http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_vi
ew&newsId=20070418005751&newsLang=en>>


Bob Hersh
CPEO
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