TAX TECHNOLOGIES TO HOST PRESTIGIOUS DEBUT OF INTERNATIONAL TAX PLANNER PRODUCT ON OCTOBER 24TH IN NEW YORK CITY

Haworth, NJ, October 15, 2002 – Given the overwhelming response to its new product, Tax Technologies Inc., a leading provider of Internet-based tax software, announced it will be hosting a product debut for its Tax Series^TM International Tax Planner on Thursday, October 24, 2002 at the prestigious Harvard Club of New York City. The event targets senior tax planners and decision makers with large corporations that can leverage effective international tax planning as part of their strategy to reduce their effective tax rate.

"International tax planning is critically important to the finances of any large corporation," says JD Choi, Tax Technologies President and CEO. "Whether trying to measure the impact of check-the-box elections, reverse-hybrid transactions, liquidations or mergers, or other organizational structure changes, Tax Series International Tax Planner is the first and only product with the intelligence to help you determine the impact on your bottom line. This event is a must for any serious tax planner."

As part of the debut, two Foreign Tax Credit (FTC) planning experiences with Fortune 50 and Fortune 200 companies will be discussed. In addition, Tax Technologies' CEO will address the audience to explain key goals of International Tax Planning software and how recent advances in tax planning techniques, best practices and technologies can help improve corporate tax planning by quantifying benefits and assessing risks.

As the most significant tax issue impacting earnings per share, companies have been asking for an effective international tax planning solution to no avail. To make matters worse, international tax planning calculations have become increasingly complex and the quantification of any tax strategy more difficult and time consuming. This is especially true when multiple scenarios of a given transaction are evaluated against one another. Tax Technologies' product was developed in response to these demands.

Debut attendees should expect the session to spark new ideas, present updated tax planning best practices, and demonstrate the most comprehensive and advanced planning solution offered. The event is scheduled from 10:00 AM to 4:00 PM at the Harvard Club of New York City, with a networking reception scheduled immediately following the event. The Harvard Club is located at 27 West 44th Street, with convenient access to the business district of downtown Manhattan.

Tax Technologies anticipates attendance from a variety of senior tax planners and decision makers from Fortune 1000 companies. Tax planners, decision makers, analysts, members of the press, and others are invited to request an invitation to this event by visiting www.taxtechnologies.com, e-mailing info@taxtechnologies.com or calling toll-free 866-239-4884. Seating is limited and invitations will be confirmed based on the order of registration.

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.