Award validates outsourcing of sales and use tax function

SAN RAMON, CA – May 20, 2009 – Sabrix, Inc., a leading provider of transaction tax management for companies of all sizes, today announced  Sabrix Managed Tax Service (MTS), its outsourced sales and use tax service was named a Finalist in the New Product or Service of the Year Financial Services category in The 2009 American Business Awards, a division of the Stevie Awards.  Sabrix MTS combines an on-demand version of the same trusted tax platform that powers over $1.7 trillion in transaction taxes for companies worldwide, with SAS 70 type II certified processes and tax services from a multidisciplinary team of tax experts.

The American Business Awards are the nation’s premier business awards program. All organizations operating in the U.S.A. are eligible to submit entries to the ABAs – public and private, for-profit and non-profit, large and small. 

“We are honored to be selected as a finalist in the 2009 American Business Awards,” said Steve Adams, CEO and President of Sabrix.  “Since launching the service two years ago, Sabrix MTS has gained significant market acceptance with record growth in 2008 and is on track for significant growth in 2009.  As outsourcing of the sales and use tax function becomes common practice, we expect the demand for Sabrix MTS to grow exponentially.”

More than 2,600 entries from companies of all sizes and in virtually every industry were submitted for consideration in more than 40 categories, including Most Innovative Company, Best Management Team, Best New Product or Service, Best Corporate Social Responsibility Program, Best Corporate Environmental Responsibility Program.  Sabrix MTS is competing in the New Product or Service of the Year Financial Services category.

“Despite very tough economic conditions, many organizations and individuals continue to perform well,” said Michael Gallagher, founder and president of The Stevie Awards.  “The results of the 2009 ABAs thus far are a testament to the resilience, creativity, and hard work of American organizations, executives, and workers.”

Members of the Awards’ Board of Distinguished Judges & Advisors and their staffs will select Stevie Award winners from among Finalists in final judging that will continue through June 3.   Finalists were chosen by business professionals nationwide during preliminary judging in April through early May.

Details about The American Business Awards and the list of Finalists in all categories are available at www.stevieawards.com/aba. 

Stevie Award winners will be announced during the annual gala on Monday, June 22 at the Marriott Marquis Hotel in New York City.  Six-hundred executives from across the U.S.A. are expected to attend.  The ceremonies will be broadcast on radio nationwide by the Business TalkRadio Network and hosted by Cheryl Casone of Fox Business Network.

About The Stevie Awards

Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, The Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service.  Honoring companies of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide.  Learn more about The Stevie Awards at www.stevieawards.com.

Supporting sponsors of The 2009 American Business Awards include High Performance Technologies Inc., John Hancock, Lifelock, RCN Corporation, Softpro, and Ultimate Software.  Media sponsor is the Business TalkRadio Network.  Localization partner of the 2009 Stevie Awards is Lionbridge.

About Thomson Reuters

Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people and operates in over 100 countries. For more information, go to www.thomsonreuters.com.

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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Aimee Quemuel
Codey Communications
415-753-9005
aimee@codeycommunications.com