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Red Moon Solutions and PARIS Technologies Launch Powerful Tax Intelligence Solutions for Corporate Tax Departments

Business Wire, May 13, 2008

Red Moon Solutions, LLC and PARIS Technologies International, Inc. Announce Partnership to Introduce PowerOLAP[TM] to Corporate Accounting and Tax Departments

DOYLESTOWN, Pa. -- Red Moon Solutions, LLC and PARIS Technologies International, Inc. (PARIS) today announced a partnership agreement. Red Moon Solutions (RMS) a member of PARIS's Certified Partner Program will deliver PARIS's PowerOLAP[TM], a cost-effective business intelligence solution, to corporate accounting and tax departments. PowerOLAP[TM] is an enterprise-wide planning, analysis and reporting information system that connects to relational databases and other OLAP sources, and delivers data dynamically into Excel, the tool of choice for accounting/tax departments.

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RMS is responding to a growing need among corporate tax departments struggling to perform compliance activities under limited resources, shrinking turnaround times and a greater expectation of transparency than ever before. The alliance combines the power/ease of use of PowerOLAP and the tax/accounting knowledge of RMS to create an affordable BI solution. By offering PowerOLAP along with the consulting services, RMS can reduce corporate regulatory/compliance risk as well as overall ETR. Corporations are implementing this solution to reduce provision turnaround time, to streamline FIN 48, state apportionment, state/international planning, and audit response.

"We are truly delighted to make this announcement," said PARIS Technologies International, Inc. President David F. Presti. "This affiliation will benefit all sectors of the market who will now have solutions to optimize their technology investment and help them to achieve unprecedented productivity gains. We fully expect that the unparalleled breadth of PARIS's and Red Moon's capabilities will facilitate a pronounced change in tax processing rendering substantial operational efficiencies and cost savings for our customers."

About Red Moon Solutions

Red Moon Solutions takes pride in solving unique challenges for today's tax department professionals. Founded by the former head of Tax Technology Enterprises for Andersen, RMS provides specialty tax software products/services. Its solutions, Like-Kind Exchange Matching[TM], WorldPro[TM], and Fixed Assets Manager[TM] (FAM), were built to support Andersen's tax practice. PowerOLAP[TM], a cost-effective business intelligence tool, is an exciting new addition to the portfolio. RMS is an SAP-certified integration partner. For more information: www.redmoonsolutions.com.

About PARIS Technologies International, Inc.

PARIS Technologies International, Inc. is an intelligent solutions technology leader featuring advanced, intuitive and cost-effective OLAP and Business Intelligence technologies. PARIS's solutions allow users to plan, analyze and report--online and in real-time via Microsoft Excel and the Web. For more information: www.paristech.com.

PowerOLAP, Intelligent Performance Management and their logos are trademarks or registered trademarks of PARIS Technologies, Inc. Like-Kind Exchange Matching[TM], WorldPro[TM], and Fixed Assets Manager[TM] are trademarks of Red Moon Solutions, LLC. SAP and other SAP products and services mentioned herein, as well as, their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries. All other product and service names mentioned are the trademarks of their respective companies.

Business Services Industry

Red Moon Solutions and PARIS Technologies Launch Powerful Tax Intelligence Solutions for Corporate Tax Departments

Business Wire, May 13, 2008

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