Calpine to Highlight Use of Sabrix at ACT Conference

SAN RAMON, Calif. - June 21, 2004 — Sabrix, Inc., a leading provider of enterprise tax applications, will be the focus of a presentation by representatives from Calpine at the annual Association for Computers and Taxation (ACT) conference held this week in San Diego, California. Sabrix provides software and tax research solutions for centralized management of domestic sales and use tax, and international Value-Added Tax (VAT).

Calpine recently completed a project to standardize and automate consumer use tax decisions across the enterprise. Mohammed Alrai, corporate tax manager with Calpine, will be presenting details on his company's complex transaction tax program, and its use of Sabrix Application Suite for simplification and centralization of global transaction tax management. The presentation will be given Wednesday, June 23 at 2:30 p.m. The ACT Conference runs this week, June 21-23, 2004, at the Loews Coronado Bay Resort in San Diego.

Sabrix will also be participating in ACT's vendor expo on Monday, June 21, 2004.

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.