IFRS and Revenue Recognition: A Softrax Executive Webcast

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Leading Authority Previews Critical Reporting Issues for US Companies

Softrax Corporation, a leading provider of enterprise revenue management and billing solutions, today announced that it will hold a webcast on the highly-publicized march toward a single, global accounting standard. The option for US companies to prepare financials in accordance with IFRS may be available soon, and this session will address critical issues in relation to reporting requirements. This one-hour, live event will be held on Thursday, May 22nd at 1PM Eastern time and hosted by Robert O’Connor, President and CEO of Softrax.

The guest speaker, Dr. Ashwinpaul “Tony” Sondhi, will present a general comparison of US GAAP and IFRS Standards, with an emphasis on how a change in standards might affect 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.

The New Standard: IFRS and Revenue Recognition

•    Overview – US GAAP versus IFRS Revenue Recognition Requirements

•    Implications for Software Revenue Recognition

•    Issues in Multiple Element Arrangements

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.

The webcast is presented at no charge, compliments of Softrax Corporation. To register, visit http://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 http://www.softrax.com, http://www.revenuerecognition.com, and by calling 1.888.4.SOFTRAX.

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Linda Wilson

Softrax Corporation



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