Sabrix Executive to Lead Panel on International Taxation

David McRaven to chair a panel on international VAT at the ACT Winter Conference.

SAN RAMON, Calif. - February 23, 2004 — Sabrix, Inc., the leading provider of U.S. and international tax applications and global tax research, today announced leading tax research expert, David McRaven, director of tax research for Sabrix, will chair a roundtable session on international value-added taxes (VAT) at the Association for Computers & Taxations (ACT) Winter Conference held in Phoenix, Arizona from February 23-25, 2004. Mr. McRaven's session on international VAT issues will be held on February 24, 2004 at 3:30 p.m.

"VAT is complicated and can vary significantly by country and type of business," said David McRaven, international tax expert and Director of Tax Research at Sabrix. "As global business continues to increase in complexity and governments gain sophistication in their collection practices, the demands on corporate tax professionals to keep pace and effectively control transaction taxes are greater today than ever before. At Sabrix, we're dedicated to empowering corporate tax professionals by providing the solutions they require to successfully meet the tax challenges imposed by today's global business environment."

Sabrix will also be participating in the vendor expo at the ACT Winter Conference.

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:

Kurt Foeller
Foeller Communications
sabrix@foellercom.com

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Sabrix, Sabrix Managed Tax Service, and Consolidated Transaction Tax Management are trademarks of Sabrix, Inc. All other company and product names are trademarks or registered trademarks of their respective holders.