SOURCE: Sabrix, Inc.

February 20, 2008 11:03 ET

Sabrix Managed Tax Service (MTS) Named Finalist in 2008 SIIA CODiE Awards

Company Honored for Its Innovative Financial Service for Small- and Mid-Sized Businesses Enabling CFOs to Achieve Sales and Use Tax Compliance With Confidence

SAN RAMON, CA--(Marketwire - February 20, 2008) - Sabrix®, Inc., a leading provider of transaction tax management for companies of all sizes, today announced that it is a Finalist for the 2008 CODiE Awards sponsored by the Software & Information Industry Association (SIIA). Standing apart from over 1000 entries, the Sabrix Managed Tax Service (MTS), an outsourced sales and use tax compliance service managed by highly skilled tax professionals on an industry-trusted platform, made the short list in the Best Financial Software Solution category.

For 23 years, the SIIA's CODiE Awards have been the leading honor for the software and information industry's best products and services. "The SIIA CODiE Awards are prestigious, celebrating achievement and vision in software, and we are honored to be on the short list of finalists in the best financial software category," said Steve Adams, CEO of Sabrix. "Sabrix MTS is re-defining the way that small- and mid-market CFOs address the legal obligation of sales and use tax compliance by combining an on-demand version of our proven enterprise software with the expertise of tax professionals in a single managed service. With this approach, Sabrix MTS delivers the value that CFOs are looking for today -- compliance with confidence while simultaneously improving the bottom line."

Finalists for the CODiE Awards were determined by judges from the trade press, consultants, educators, IT specialists and other experts. One of the only peer-recognition awards program of its kind, the CODiE Awards recognize finalists such as Sabrix for the unique value and innovation that they bring to the market.

"Competition is tough this year and that makes selection as a CODiE Finalist a real achievement," said Ken Wash, SIIA president. "All the companies on this year's list should feel justifiably proud of their recognition."

The 2008 CODiE Awards will be presented at a gala event on May 20th at the historic Palace Hotel in San Francisco, CA. A complete list of the 2008 CODiE Award finalists is available here: http://www.siia.net/CODiEs/2008/finalists.asp.

About Sabrix, Inc.

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.

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.

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