TAX TECHNOLOGIES NAMED FINALIST FOR 2002 INDUSTRY OF THE YEAR TECHNOLOGY AWARD

Bradenton, FL, September 12, 2002 – Tax Technologies Inc., a leading provider of Internet-based tax software, earned recognition as a finalist for the 2002 Industry of the Year awards. Recognized for revenue and sales growth as well as leadership in designing, developing and manufacturing technology products, Tax Technologies was the lone financial reporting or tax software vendor nominated.

"It is an honor and tribute to our development team to be considered for this award," says Jeff Wenger, Vice President and Chief Technology Officer of Tax Technologies. "Our Tax Series and Audit Tracker technologies are gaining extraordinary momentum in the industry and it is nice to be recognized by the business leaders of our community."

Sponsored by the Manatee County Economic Development Council, the award recognizes Bradenton-based companies that are "value-added" companies in the community. Value-added means the company must have a majority of its clients outside the area and pay at or above the locally-determined average annual salary.

Tax Technologies is a technology leader in their space and has delivered a number of new and innovative products recently. Delivery of corporate tax compliance software - Tax Compliance Series (www.taxseries.com) started in February 2001 and world-wide financial audit software - Audit Tracker (www.audittracker.com) was first released in January 2002. Another new product is scheduled to debut in October 2002. All product components are true Internet/Intranet applications built on an integrated platform that simplifies financial reporting, tax compliance and audit transparency in large multinational organizations.

For more information about Tax Technologies and its products, interested persons can call toll-free (866) 239-4884, e-mail info@taxtechnologies.com or visit www.TaxTechnologies.com.

About Tax Technologies

Tax Technologies, Inc. is a technology-driven tax services company and leading provider of Internet/Intranet-based tax software. With a variety of Fortune 500 clients using its suite of web-native tax software products (TaxSeries) and audit products (AuditTracker), Tax Technologies assists with the preparation of tax returns, the improvement of tax process, implementation of tax software, and the development of custom applications to meet client’s tax and financial reporting demands.

The company’s headquarters are in Haworth, New Jersey, with the technology headquarters in Bradenton, Florida. Further company information is available at www.taxtechnologies.com.