Uncle Sam Giving BIG Money Back on Kiosk & ILock Purchases

PHOENIX, Arizona – August, 22nd, 2012 OpenTech Alliance, Inc. announced INSOMNIAC™ Kiosks and the ILock System qualify for an additional tax deduction under the IRS Tax Code Section 179. The Tax Act effectively reduces the cost of a kiosk by 35%. Today, Section 179 is one of a few incentives contained in the recent Stimulus Package that actually helps small business. Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and software on purchased or financed leased plans, during the current tax year. Limit on equipment purchases is $560,000 and also includes a Bonus Depreciation at 50%.


131 Days until Section 179 Deadline

Tax savings are scheduled to expire on December 31st of this year. Order now and start renting more units by the end of the year.

Jerry Jones, "The Self Storage CPA", represents a specialized accounting & tax advising group that has spread the map to become a reckoning force in the self storage industry. Said Jones, "Section 179, better known as let’s write it off this year, is a great deal for self storage owners. If you are considering a kiosk or any type of automated equipment, what better ROI can you have, than being able to write it off (100%) in the current year, and collecting rents up front? There are guidelines you need to follow. The allowance is also very useful when you are using Cost Segregation and the property you are using is not 'original use'. Taking advantage of this tax savings may just be the best financial decision you make in 2012."

INSOMNIAC Kiosks range in pricing from $1,500 to $18,000. Under Section 179, a purchase will yield savings that run from $525 up to $6,300 per kiosk! The following is an example of Tax Savings related to the purchase of an INSOMNIAC 570 kiosk at a 35% tax bracket. Also illustrated is a case in savings connected with the purchase of the INSOMNIAC ILock System (300 unit doors).

Cost of INSOMNIAC 570 Kiosk: $13,250.00

Cost of INSOMNIAC ILock System: $33,700.00

Section 179 Deduction: $13,250.00

Section 179 Deduction: $33,700.00

Cash Savings on Purchase: $4,637.50

Cash Savings on Purchase: $11,795.00

Cost of Kiosk after Savings: $8,612.50

Cost of System after Savings: $21,905.00

To qualify for the deduction, a kiosk and locking system must be in operation by the end of the 2012 calendar year. To learn more about Section 179, visit www.section179.org or contact Jerry at jerry@jerryjonescpa.com or call 775-828-0767.

About OpenTech Alliance, Inc. About OpenTech Alliance, Inc.: A pioneer in self storage automation, OpenTech Alliance is the leading developer of innovative self service solutions for the self storage industry. Their trail was blazed by offering facilities 24 hour self service automation through a complete line of INSOMNIAC™ Kiosks. Today, the innovation continues with a full range of self service rental solutions that include; Self Storage Cloud Services, INSOMNIAC Live! Call Center, INSOMNIAC Online web & mobile applications, LiveAgent! software products and the INSOMNIAC ILock system. OpenTech products and services increase revenues, reduce operating costs and improve customer convenience for self storage businesses. For more information please click OpenTechAlliance.com or call an OpenTech Business Development Manager at (602) 749-9370.

Press Contact:
Mike Sawyer, Director of Marketing
OpenTech Alliance, Inc.
(602) 324-8655.
msawyer@opentechalliance.com

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NOTE TO EDITORS: OpenTech Alliance, the OpenTech logo and INSOMNIAC are trademarks of OpenTech Alliance, Inc. Other company and product names may be trademarks of their respective owners. INSOMNIAC is protected by U.S. patent number 5,946,660.

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