Planitax Inc. to Participate in Tax Executives Institute Event

Business Wire, August 10, 2007

TEI Financial Reporting Seminar at Hyatt Regency O'Hare in Chicago

EMERYVILLE, Calif. -- Planitax, Inc., the leading provider of software and services for corporate tax departments, will be participating in the upcoming Financial Reporting for Tax Executives event being held at the Hyatt Regency O'Hare in Chicago on September 27-28, 2007.

The seminar will cover some of the important financial reporting topics of the day. A primary focus of the program will be FIN 48, relating to accounting for uncertain tax positions. There will be presentations focusing on; the unique challenges of state tax issues, avoiding material weaknesses in transfer pricing and other international transactions, working with internal audit, as well as a session devoted to disclosure trends. Seminar participants will receive updates on the fair value option under FAS 159, the continuing challenges of dealing with stock-based compensation under FAS 123R, and IRFS-U.S. GAAP Convergence.

Information about the event including registration can be found here: http://www.tei.org/eman/ShowEvent.phx?eid=eman.3008.

Planitax Corporate Tax Horizons Suite includes the following software modules:

* Tax Operations and File Manager[TM] Complete document storage and tracking solution developed specifically for corporate tax, as well as project management and Tax calendaring.

* Data Collector[TM] Automates the error prone, time consuming task of tax package data collection.

* Global Entity Manager[TM] Tracks comprehensive entity attributes, including governance information, M&A activity, tax jurisdictions, registered agents, and inter-company transactions. Software delivers graphical entity organization chart that depicts current and historical structure.

* Tax Positions[TM] Enables you to manage all FIN 48 related tax positions.

* R&D Tax Credit Manager[TM] Is used by companies that file federal and state R&D tax credits. R&D Tax Credit Manager automates survey distribution, monitors survey responses, and calculates federal and state credits.

* Audit Manager[TM] Tracks critical audit information and provides rapid access to supporting documentation. Audit manager is ideal for companies that must respond to simultaneous audits, need to more efficiently handle audit requests, and require rapid access to documentation and historical data.

* Provision Manager[TM] (FAS 109) will offer the ability to manage and control all relevant tax information and documentation needed to calculate the tax provision. (Available fall 2007)

About Planitax

Planitax, Inc. is the leading provider of tax information management solutions and services that enable corporate tax departments to efficiently and effectively manage the data required to reduce operating costs, strengthen tax positions, and improve internal controls. The company's Corporate Tax Horizons([R]) solution targets a range of tax processes such as document management, entity management, and audit management and other core functions. Thousands of employees in industries such as financial services, retail, manufacturing, technology and healthcare access Planitax's solutions. The company is located in Emeryville, California. For more information, please call 800-606-3080 or visit www.planitax.com.