Softrax Executive Webcast: Laying the Groundwork for Accurate Revenue Recognition

Business Wire, May 15, 2007

Grant Thornton Experts Offer Accounting Advice on VSOE, SOP 97-2 and Multiple Element Arrangements

CANTON, Mass. -- Softrax, a leading provider of enterprise revenue management and billing software solutions, today announced that it will present a live executive webcast to help technology companies better prepare for and execute their revenue recognition accounting. Acknowledging this area as one of the most complex in accounting, this webcast will cover the fundamentals of revenue recognition and offer guidance for getting it right. The event will be held on Thursday, May 24(th) at 1:00 p.m. Eastern Time and will be presented by Grant Thornton Partners Lynne Triplett and Jacqueline Akerblom, and hosted by Robert O'Connor, President and CEO of Softrax Corporation.

Take this opportunity to learn from one of the nation's leading accounting and audit firms as they discuss how to identify and avoid common revenue recognition pitfalls by leveraging the basics.

Fundamentals in Revenue Recognition Topics:

* Applicability of SOP 97-2

* Analysis of multiple element arrangements

* Establishing and maintaining VSOE for consulting services and post - contract customer support

This interactive event is presented free of charge by Softrax Corporation. Please register by visiting http://www.softrax.com/executive-webcast or call Toll Free 1.888.476.3872.

About Softrax

Softrax Corporation is a leading provider of enterprise revenue management and billing software solutions that fundamentally change the way companies manage, analyze, report, and forecast their revenue. Softrax solutions automate the entire revenue cycle, from revenue recognition, reporting and forecasting, through complex billing and contract renewals. Hundreds of corporations benefit from using Softrax to optimize 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.