DaimlerChrysler and Sabrix Tax Experts to Present on Tax Data Management

Sabrix to Present and Exhibit at ACT 2005 Annual Conference

SAN RAMON, Calif. – June 23, 2005 — Sabrix, Inc., the leading provider of Consolidated Transaction Tax Management™ applications, and DaimlerChrysler will be presenting at the 2005 Association for Computers & Taxation (ACT) Annual Conference. Tax experts from Sabrix and DaimlerChrysler will discuss methods for improving and ensuring consistent accuracy in the calculation of transaction taxes, such as sales and use tax.

The Association for Computers & Taxation (ACT) sponsors this conference each year to help tax and IT professionals keep up-to-date on tax automation and computer technology. This year's event runs June 27-29, 2005 in Boston. Sabrix will also exhibit at the ACT reception on June 27 in booth #14.

WHO/WHAT: Eric Christian the CTO of Sabrix, and Kai Ranabargar from Definitive Solutions for DaimlerChrysler
"Taking Control of Your Available Data"
WHEN: Wednesday, June 29, 2005, 1:30-2:30pm
WHERE: 2005 ACT Annual Conference
Boston Marriott Quincy
Quincy, Massachusetts

Christian and Ranabargar will present "Taking Control of Your Available Data" addressing the extremely complex tax requirements faced by finance professionals. These experts will discuss the benefits of using multivariate precision to assess and report the appropriate tax at every point in a transaction's lifecycle. This technology-driven approach to tax dramatically improved transaction tax management for DaimlerChrysler, and a case study will review their use of technology to maximize accuracy with the tax data available-all without the need to write custom code in DaimlerChrysler's software systems.

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.