RHUB WEB CONFERENCING APPLIANCES QUALIFY FOR CAPITAL EQUIPMENT BONUS DEPRECIATION UNDER THE ECONOMIC STIMULUS ACT OF 2008

Released on: April 28, 2008, 10:15 pm

Press Release Author: Larry Dorie

Industry: Telecommunications

Press Release Summary: RHUB Communications, Inc. (RHUB), a provider of on-premise
Web conferencing appliances, announced today that purchasers of the company's
TurboMeeting Web conferencing appliances qualify for the new higher limits for
accelerated depreciation under the Economic Stimulus Act of 2008. The Economic
Stimulus Act of 2008 includes two temporary changes to the tax code that will allow
businesses in the United States that purchase new capital equipment to expense a
larger portion of it for 2008 only. The Act is intended to stimulate business
investment in capital equipment by dramatically increasing the ability to write off
the expense immediately through accelerated depreciation. Before the Economic
Stimulus Act, businesses could only depreciate capital equipment over its useful
life and the Code Sec. 179 limits were substantially lower. Now, businesses can
expense the full amount of capital equipment up to the new limits, right away.

Press Release Body:


RHUB Communications, Inc. Tel: 408-282-3577
2953 Bunker Hill Lane, Suite 400 Fax: 408-516-9612
Santa Clara, CA 95054 info@rhubcom.com


RHUB WEB CONFERENCING APPLIANCES QUALIFY FOR CAPITAL EQUIPMENT
BONUS DEPRECIATION UNDER THE ECONOMIC STIMULUS ACT OF 2008

Santa Clara, CA, February 26, 2008 - RHUB Communications, Inc. (RHUB), a provider of
on-premise Web conferencing appliances, announced today that purchasers of the
company's TurboMeeting Web conferencing appliances qualify for the new higher limits
for accelerated depreciation under the Economic Stimulus Act of 2008. The Economic
Stimulus Act of 2008 includes two temporary changes to the tax code that will allow
businesses in the United States that purchase new capital equipment to expense a
larger portion of it for 2008 only. The Act is intended to stimulate business
investment in capital equipment by dramatically increasing the ability to write off
the expense immediately through accelerated depreciation. Before the Economic
Stimulus Act, businesses could only depreciate capital equipment over its useful
life and the Code Sec. 179 limits were substantially lower. Now, businesses can
expense the full amount of capital equipment up to the new limits, right away.

"One of the obvious ways for a small business to take maximum advantage of the new
provisions under the Economic Stimulus Act of 2008 would be to finance their capital
equipment expenditures through a bank or equipment finance company, and then write
off the entire purchase in 2008 before they\'ve actually finished paying for it,"
said Alexandra North, a CPA whose practice is located on the Central Coast of
California. "The new law dramatically increases this advantage by almost doubling
the previous amount of deductible Code Sec. 179 expense available for 2008 to
$250,000.00. The law also provides qualifying taxpayers an additional 50 percent
first year bonus depreciation. So, businesses whose equipment purchases exceed the
new higher limits under Code Sec. 179 can then take advantage of additional first
year 50% bonus depreciation- even if they've financed the purchase."

"The Economic Stimulus Act will be a boon for firms considering on-premise Web
conferencing," said Larry Dorie, CEO of RHUB. "Since the tax benefit applies to an
appliance like TurboMeeting but not to pay-per-minute hosted options, businesses can
own a Web conferencing system at a fraction of
the cost of hosted solutions and expense their system at the same time. This makes
TurboMeeting an unbeatable value."

TurboMeeting Web conferencing appliances
provide state-of-the-art conferencing with enhanced security and performance.
TurboMeeting is ideal for sharing and collaborating confidential and proprietary
data. Both transmission and access security are provided, as well as a full suite of
Web conferencing meeting types. TurboMeeting
also offers full "Universal Access" capability, where an attendee with a modern
browser can join a meeting with no download required. TurboMeeting extends real-time
collaboration well beyond conventional Web
conferencing
by combining multiple applications:

* Web Conferencing - Web-based interactive meetings
* Remote Support - with remote reboot capability
* Remote Access - remote access to computers at home or office from anywhere,
anytime
* Web Seminars - no downloading facilitates a quick (in seconds), easy (URL
only), reliable way for large groups of attendees to join meetings

RHUB's TurboMeeting Web conferencing appliances
range in price from $995.00 to $100,000.00, are available in capacities that serve
SMBs to global enterprises, and come with a one-year warranty for hardware and
software. After the first year, an extended warranty at 20% of the retail price per
year is available. Product updates are performed automatically, and add-on licenses
are distributed via the Web. For a full listing of TurboMeeting appliances and
specifications, visit: http://www.rhubcom.com/front/purchase.htm.

Under the Economic Stimulus Act of 2008, every TurboMeeting appliance qualifies for
an immediate tax deduction.

TurboMeeting was recently selected as winner of the 2008 Global Product Excellence
in World\'s Best Software Customer Trust Award by Info Security Products Guide. This
customer trust award validates the fact that TurboMeeting is ahead of the curve when
it comes to best-in-class products that provide the highest level of security. For a
free TurboMeeting demonstration, visit: http://www.turbomeet.com/.

About RHUB Communications
RHUB is a premier provider of on-premise Web
conferencing
appliances that meet the needs of any organization. The Company's
end users total over 5,000 in a variety of market segments including services,
manufacturing, and government. RHUB's on-premise Web conferencing appliances focus on criteria of
the highest importance to users: ease-of-use, affordability, security, control, and
reliability. RHUB's breakthrough View-Only technology enables users of any platform
to join meetings by a browser, requiring no download. With a small footprint, and
power draw of only 4.5 watts, RHUB's on-premise Web
conferencing
appliances are the perfect choice for organizations seeking to
improve their environmental credentials. RHUB is privately owned and headquartered
in Silicon Valley, California. For more information, visit http://www.rhubcom.com









Web Site: http://

Contact Details: CONTACT:
Larry Dorie
RHUB Communications
888-633-8155
pr@rhubcom.com

Judy Plummer
Liquid Communications Group
(831) 335-4937
judypr@sbcglobal.net

  • Printer Friendly Format
  • Back to previous page...
  • Back to home page...
  • Submit your press releases...
  •