Revenue Recognition Authority Offers Strategies for Convergence of Accounting Standards: A Softrax Webcast

EITF Member, Dr. Ashwinpaul “Tony” Sondhi, to Discuss IFRIC Project on Linkage of Contracts and Other Potential Changes Under IFRS

Canton, Mass. (EMWNews) August 14, 2008 — Softrax Corporation, a leading provider of enterprise revenue management and billing solutions today announced that it will present a live executive webcast featuring guest speaker Dr. Ashwinpaul “Tony” Sondhi, who served as an advisor to the FASB on its project comparing US and IFRS reporting.

Dr. Sondhi will discuss the IFRIC Project on Linkage of Contracts, examining how US GAAP accounting guidance for linkage – as defined primarily by SOP 81-1 and TPA 5100.39 – compares to international standards and practice. He will also discuss potential implications for Revenue Recognition under merged standards.

Dr. Sondhi is a current member of the Emerging Issues Task Force (EITF) of the FASB and co-author of the 2008 Revenue Recognition Guide.

This one-hour event will be held on Tuesday, August 26th at 1PM Eastern time and will be hosted by Robert O’Connor, President and CEO of Softrax Corporation.

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 interactive event is presented at no charge, compliments of Softrax Corporation. Please register at http://www.softrax.com/executive-webcast or call Toll Free 1.888.476.3672.

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.

Media Contact

Linda Wilson

Softrax Corporation

781.830.9308

press @ softrax.com