International Financial Reporting and U.S. GAAP: The New Standard? A Softrax Executive Webcast

Business Wire, Feb 5, 2008

FASB Advisor/EITF Member Previews Revenue Recognition and Reporting Under Unified Global Accounting Frameworks

CANTON, Mass. -- Softrax Corporation, a leading provider of enterprise revenue management and billing solutions today announced that it will host an Executive Webcast on Monday, February 25(th) at 1PM Eastern time, to address the highly-publicized march toward a single, global set of accounting standards for public companies. The guest speaker, the eminent Dr. Ashwinpaul "Tony" Sondhi, will discuss potential accounting implications under merged standards for U. S. GAAP and International Financial Reporting (IFRS) - with an emphasis on how they may impact revenue recognition and reporting requirements, especially for technology companies.

Dr. Sondhi served as an advisor to the Financial Accounting Standards Board (FASB) on its project comparing US and IFRS reporting. He is currently a member of the Emerging Issues Task Force (EITF) of the FASB and co-author of the 2008 Revenue Recognition Guide. This live, one-hour event will be hosted by Robert O'Connor, President and CEO of Softrax.

The New Standard? IFRS and Revenue Recognition:

* U.S. GAAP versus IFRS requirements, in brief

* Revenue Recognition under IFRS

* Potential implications for Software Revenue Recognition

Webcast attendance qualifies for CPE credit. In addition, a number of attendees will be selected to receive a free copy of the 2008 Revenue Recognition Guide.

This Webcast is presented at no charge, compliments of Softrax Corporation. To register for the 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 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, www.revenuerecognition.com, and by calling 1.888.4.SOFTRAX.