Planitax Inc. Generates 385% Quarterly Bookings Growth for 3rd Quarter




    Continued Growth Driven By High Demand for Corporate Tax Solutions

    EMERYVILLE, CALIF., October 11 /CNW/ - Planitax, Inc., the leading
provider of tax information management solutions to corporate tax departments,
recently reported quarterly bookings growth in its Corporate Tax Horizons
software and related services, posting a 385% increase.

    "Planitax's business momentum is very strong," said Dan Filby, Vice
President of Global Field Operations. "We continue to earn the business of
large, world-class customers by delivering solutions that enable their tax
departments to improve their internal controls, increase efficiencies and
improve data management throughout the entire tax lifecycle."

    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.

    --  Planitax Workflow Manager(TM) Save time, improve productivity, and
strengthen internal controls by automating a wide range of repeatable tax
processes that involve task assignments, document routing, reviews and
approvals, notifications, and progress tracking.

    --  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, data collection, entity management, FIN 48, R&D Credit automation,
audit management and other core tax 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.




For further information:

For further information: Planitax Media Joan Bullier, 510-450-6252
marketing@planitax.com

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PLANITAX, INC.

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