DTE Energy and Sabrix Share Insights on Reducing Transaction Tax Compliance Costs

Conference Showcases Real World Scenarios for Improved Transaction Tax Management

SAN RAMON, Calif. – June 19, 2006 — Experts from DTE Energy and Sabrix, Inc., the leading provider of Consolidated Transaction Tax Management™ applications, will join forces this week at the 2006 Association for Computers in Taxation (ACT) Annual Conference to present proven methods for improving cash flow and reducing tax compliance costs. On Wednesday, June 21, Mark Tomlinson, tax principal with DTE Energy, and Mehrdad Talaifar, vice president of Tax Business Consulting for Sabrix, will present a case study on DTE Energy and its experience with transaction tax consolidation.

Corporate finance teams have embraced technology to manage everything from invoicing and strategic planning to corporate compliance. Despite this use of technology in finance, tax is often overlooked as an area to provide tangible improvement of cash flow through strategic application of new technologies.

By consolidating transaction tax management for sales tax, use tax, or VAT, companies can improve compliance and substantially reduce the costs associated with managing those taxes. DTE Energy, like many companies, uses a number of finance and purchasing applications to run its businesses and has discovered that consolidating transaction tax management can improve financial controls, streamline audits, and result in more efficient and consistent management of tax. In the ACT session, Tomlinson and Talaifar will provide insights on DTE Energy's tax situation, as well as the positive results experienced by DTE Energy and other companies.

In addition to the transaction tax presentation, Sabrix will also participate in the ACT Vendor Expo on Monday, June 19, 2006 from 3:30pm – 7:30pm. Sabrix will be showcasing its Consolidated Transaction Tax Management software and services in booth number 8 at the show.

Celebrating its 25th anniversary this year, ACT is a nonprofit, national organization designed to assist its members in identifying and solving the problems involved in automating the corporate tax function. The conference runs June 19-21, 2006 at the Loews Coronado Bay Resort in Coronado, California.

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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