Outsource Partners International, Inc. and Salis, Inc. Form Strategic Alliance; Join Forces to Deliver Comprehensive Finance & Administration and Sales and Use Tax Services

Business Wire, July 26, 2005

ATLANTA & NEW YORK -- Outsource Partners International (OPI), the industry's largest service provider focused solely on finance and accounting outsourcing, and Salis, Inc., a leading state and local tax management services firm focused on sales tax, use tax, and exemption certificate management, announce the formation of a strategic alliance.

The addition of sales and use tax management to traditional finance and accounting outsourcing will allow this alliance to deliver a comprehensive and flexible solution set that meets the needs of client companies.

According to Kishore Mirchandani, President of OPI, the alliance fills a critical gap in the market, particularly among Fortune 1000 companies. "We have seen that many firms continue to take a 'siloed' approach - even if they outsource finance and accounting processes like accounts payable, accounts receivable, and billing, they often keep sales and use tax management in-house. Given the fundamental relationship between sales and use tax and transactional finance processes, this often results in compliance gaps. We are extremely pleased to be teaming with Salis. Their deep expertise, track record, and service model for managing sales and use taxes will allow us to deliver a truly comprehensive approach, addressing complex scenarios well beyond transaction processing. Ultimately, this will help our clients reduce compliance gaps, minimize exposure, and maximize efficiency."

David Fromal, President and CEO of Salis, sees the alliance delivering a wide range of benefits to clients. "Taxability cuts across all aspects of finance and accounting. Through our alliance with OPI, clients will have the ability to secure a truly holistic suite of sales and use tax services. They can now outsource all finance and accounting processes with confidence, so they can focus on more strategic issues. We will deliver this comprehensive solution through our combined best practice workflows and methodologies, providing measurable cost savings, increased service levels, and mitigated risks. We couldn't think of a better partner for this initiative than OPI."

The end-to-end service delivered by OPI and Salis will give clients a cost-effective solution to address all phases of their purchases and sales - including tax determination; exemption certificate administration and management; use tax accruals; and sales and use tax returns preparation, filing, and remittance. Added Mr. Mirchandani, "With more and more enterprises viewing outsourcing as a best practice, we see this alliance as the optimum way for them to outsource finance and accounting functions to a single provider."

About Outsource Partners International, Inc.

Outsource Partners International, Inc. is a leading business process outsourcing firm specializing in finance and accounting services. Clients outsource to OPI all or selected portions of their internal accounting functions, such as accounts payable, accounts receivable, payroll, reconciliations and financial reporting. Outsource Partners also offers tax compliance services and document management solutions. The company's proprietary service model combines experienced on-site staffing with web-enabled technologies, document imaging systems, offshore transaction processing and business process improvement. Its state-of-the-art solutions enable clients to substantially reduce costs, improve financial reporting and focus on their core business. OPI has more than 650 associates operating through seven offices in the U.S. and its services centers in Dallas, as well as Bangalore and Kochi in India. Additional information about OPI and its finance and accounting solutions is available at www.opiglobal.com.

About Salis, Inc.

Salis, Inc. is a leading services firm for state and local tax management that specializes in sales tax, use tax, and exemption certificate management. Salis services provide visibility and control through the entire tax value chain. The firm's service delivery model delivers fully-integrated state and local tax solutions that minimize risk and improve cash flow - at a lower total cost of operation. Through its combination of people, process and technology, Salis has partnered with over 200 companies to ensure they are in compliance with the 7,600 taxing jurisdictions throughout the U.S. In 2003, Austin Ventures, one of the nation's largest venture capital firms, purchased a majority interest in Salis. Visit www.salisinc.com for more information.