Planitax Inc. Posts 496% Quarterly Bookings Growth

    Strong Demand for Planitax Software Solutions Drives Rapid Q1, '07 Growth

    EMERYVILLE, CALIF., June 12 /CNW/ - Planitax, Inc., the leading provider
of tax information management solutions to corporate tax departments, recently
reported sequential quarterly bookings growth in its Corporate Tax Horizons
software and related services, posting a 496% increase in Q1 '07 over Q4 '06

    Demand for its Corporate Tax Horizons software has continued to expand
dramatically as corporate companies such as AT&T, Health Management
Associates, Weyerhauser, CNET and Stryker Medical seek software solutions that
help their tax departments to improve their internal controls, increase
efficiencies and improve data management throughout the entire tax lifecycle.

    "We are extremely pleased with the robust demand we are seeing among
Corporate Tax departments for Planitax's Corporate Tax Horizons software. Our
rapid growth is a testament to the company's complete commitment to provide
our customers with industry leading quality in all of our products and
services," remarked Greg R. Prow, CEO of Planitax. "The Planitax team is fully
committed to continue providing industry leading solutions that reduce risk
for companies while simultaneously improving data accuracy and availability
for use in planning and compliance."

    Planitax Corporate Tax Horizons Suite includes the following software

    --  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

    --  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, entity management, and audit management and other core 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

For further information:

For further information: Planitax, Inc. Joan Bullier, 510-450-6252

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