John Kennedy and Carla Yrjanson to Share Insights on How to Successfully Manage Transaction Taxes to Foster Company Growth

San Ramon, CA July 31, 2008 — Sabrix®, Inc., the leading provider of transaction tax management applications for companies of all sizes, announced today announced that two of its tax experts will present at the 2008 FTA Technology Conference held at the Hyatt Regency McCormick Place in Chicago, Illinois, on August 10-13.

The 24th annual meeting is designed to meet the needs of a wide range of tax administrators involved in the development and administration of technology applications. This year’s presentations will feature sessions provided by state and federal agencies, and electronic commerce tax service companies related to the application of technologies that enable improvements in tax administration. The two Sabrix sessions are:

Automation of Use Tax Determinations
Presenter: John Kennedy, Senior Business Consultant, Sabrix
Time: Monday, August 11, 1:30-2:30 p.m.
Overview: Determining use tax on a corporation’s purchases is often challenging for the tax professional, because of the manual tax processes that are commonly used. However, there is a new generation of tax solutions that can fully automate the tax determination process and eliminate costly errors. In this presentation, Kennedy will educate tax and finance professionals on how to approach automation and the key steps required to ensure a successful initiative. The presentation will also cover use tax determinations, a review of “next generation” tools available, and the benefits which can be realized through automation.

Tax Jurisdiction Sourcing
Presenter: Carla Yrjanson, VP Tax Research Services, Sabrix
Time: Wednesday, August 13, 11 a.m.-12 p.m.
Overview: Achieving compliance with the new sales, use, and VAT rules requires considerable effort and adds a significant burden to tax departments especially when there are tax jurisdiction sourcing changes. Yrjanson will explain how tax technology, paired with a consolidated approach to managing ever changing transaction tax rates and rules, can proactively address changes. She will also cover changes in states adopting SST sourcing changes and the EU sourcing of services change coming up in 2010 and how Sabrix solutions can track and respond to law changes such as these.

For more event information, visit http://www.taxadmin.org/fta/meet/08tech/program.html or contact Kurt Foeller at sabrix@foellercom.com.

About Sabrix

Sabrix, Inc. is a leading provider of transaction tax management for companies of all sizes, enabling finance, tax, and IT professionals to achieve accurate, timely, and cost-effective compliance for sales tax, use tax, Value Added Tax (VAT), excise tax and industry-specific taxes and fees. The Sabrix Application Suite serves global enterprises such as Amazon.com, BASF, Cisco, DTE Energy, IBM, QUALCOMM, Sportsman’s Warehouse, and York International. The Sabrix Application Suite seamlessly connects to all financial applications requiring the determination, calculation, and recording of transaction taxes. The company also offers the Sabrix Managed Tax Service™ (MTS), an outsourced transaction tax compliance service that helps finance departments of small-and-medium-sized businesses eliminate the hassle, control their audit exposure, and reduce the total cost of sales tax, use tax, and VAT compliance. Sabrix MTS seamlessly integrates with a company’s existing accounting and e-commerce systems, and, similar to outsourced payroll services, operates as a trusted extension of a company’s finance department to address tax compliance from start to finish: address validation, tax rate maintenance, tax determination and calculation, returns preparation and filing as well as audit research and documentation. For more information, please visit www.sabrix.com.

For press inquiries:

Aimee Quemel
Codey Communications
aimee@codeycommunications.com

About Thomson Reuters

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The Tax & Accounting business of Thomson Reuters is the leading provider of technology and information solutions, as well as integrated tax compliance software and services to accounting, tax and corporate finance professionals in accounting firms, corporations, law firms and government. Headquartered in New York, Tax & Accounting has major operations in Dallas, Dexter (Michigan), London, Sydney, and Toronto, and offices in nine countries. For more information, go to http://thomsonreuters.com/products_services/taxacct/.

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For press inquiries:
Aimee Quemuel
Codey Communications
415-753-9005
aimee@codeycommunications.com