Press Release

Taxcient™, Inc. Names Luis Saenz as Taxcient Vice President of Engineering

SAN DIEGO – December 7, 2007 - Taxcient™ Inc. today announced that Luis Saenz was named Vice President of Engineering, responsible for spearheading Taxcient’s product development, quality assurance, and engineering operations. Saenz started at Taxcient in May 2007 in the role of Director of Engineering.

Prior to joining Taxcient, Saenz served as a a lead consulting developer and software architect at Oracle, specializing in content management and compliance, where he lead the design and implementaion of large-scale enterprise applications and platform technology products. He has also taught computer science and programming courses at the college level and for corporate clients. Saenz graduated from the California Institute of Technology, in Pasadena, California, with a B.S. in Computer Science and Engineering.

"Lu’s extensive technology experience and steadfast dedication to replacing cumbersome, manual processes with scalable, easy-to-use solutions helped him earn his new title. Lu was instrumental in putting in place the infrastructure, processes and engineering talent needed for us to continue our development of world-class sales and use tax solutions." Said Taxcient CEO, Larry Wolfe. "Our team was good, but now they’re great."

About Taxcient Inc.:

Taxcient, Inc. is a leading technology provider of online solutions and services for sales and use tax compliance, led by the former CEOs of TurboTax® and PayPal®. Taxcient solutions join together a team of former state tax auditors with 80 years experience, and the most advanced technology available in the market. The result is a set of cost-effective, easy-to-use solutions for sales and use tax compliance that improve workflow and efficiency, while reducing audit compliance risk. Taxcient is trusted by some of the leading companies in the world, including those in the Fortune 500.

www.taxcient.com

Contact: Jennifer Jansen, Senior Marketing Manager (858) 268-1300