Softrax Webcast to Feature Leading Expert on Revenue Recognition

Business Wire, March 20, 2007

Member of Emerging Issues Task Force (EITF) of the FASB Presents: The Roadmap to Accurate Revenue Recognition

CANTON, Mass. -- Softrax, a leading provider of enterprise billing and revenue management solutions, today announced that it will host a live Webcast with Dr. Ashwinpaul "Tony" Sondhi. Dr. Sondhi is a member of the Emerging Issues Task Force (EITF) of the Financial Accounting Standards Board (FASB) and co-author of the 2007 Miller Revenue Recognition Guide. The webcast will be held on Tuesday March 27(th) at 1:00 pm eastern time.

In this interactive event, Dr. Sondhi will discuss current revenue recognition issues related to Extended Payment Terms (EPT) and Concessions.

* SOP 97-2 and revenue recognition in an EPT arrangement

* Overcoming the presumption that the fee in an EPT arrangement is not fixed or determinable

* Review of related Technical Practice Aids (TPAs)

* Subsequent cash receipts in an EPT arrangement

* Comments on EPT and Concessions in SOP 81-1 Arrangements

This is a rare opportunity to get an insider's view from one of the world's foremost authorities on revenue recognition.

Webcast attendance qualifies for CPE credit. In addition, a number of participants will be selected to receive a free copy of the 2007 Miller Revenue Recognition Guide.

This Webcast is presented free of charge by Softrax Corporation. To register for this event, visit www.softrax.com/executive-webcast or call toll-free 1.888.476.3872.

About Softrax

Softrax Corporation is a leading provider of enterprise billing and revenue management software solutions that fundamentally change the way companies manage, analyze, report, and forecast their revenue. Softrax solutions automate the entire revenue cycle, from complex billing and contract renewals, through revenue recognition, reporting and forecasting. Hundreds of corporations benefit from using Softrax to maximize their revenue, reduce operating expenses, comply with revenue recognition regulations and Sarbanes-Oxley requirements, and gain unprecedented visibility into their business performance. Softrax Corporation, headquartered in Canton, MA is privately held. More information can be found at www.softrax.com, at www.revenuerecognition.com or by calling 1.888.4SOFTRAX.

Note to Editors: Softrax is a registered trademark of Softrax Corporation. Other company, brand and product names, and design work are the trademarks of registered trademarks of their respective owners.