Chevron Selects Liquid Engines ITx to Assist in Managing Its Foreign Tax Credit (FTC) Process; Breakthrough Software Provides Greater Insight and Drives Efficiencies into Multi-year Global Tax Management Processes.

SUNNYVALE, Calif. -- Liquid Engines, the provider of breakthrough corporate income tax management and planning software, today announced Chevron Corporation (NYSE:CVX), ranked Fortune 6, has selected Liquid Engines' ITx software application to help them gain insight into the multi-year tax implications of various business operational changes. By combining as-filed tax positions with current forecast data, the software is able to rapidly calculate the tax impact of potential changes across a multi-year model.

"When you are operating on a global scale and in market conditions that are difficult to forecast it becomes an even greater imperative to look for ways to more efficiently manage the corporate tax profile," said Gwen Spertell, president and chief executive officer of Liquid Engines. "It is great to be able to provide software capabilities that can help a company like Chevron make tax-efficient decisions under a variety of business conditions."

Streamline the Modeling Process with Built-in Intelligence

Liquid Engines ITx offers tax professionals a robust interconnected environment that streamlines complex multi-year, multi-jurisdiction modeling and analysis. Embedded in ITx are tax-specific calculations, tax rules, and menu-driven wizards that ensure accuracy and simplify the modeling process. ITx also offers unlimited ad hoc "what if" modeling by supporting the ability to create, save, duplicate, and edit user-defined scenarios. In addition, ITx's parameter-driven approach makes it easy to modify embedded tax rules or create user-defined rules to apply negotiated tax terms or model pending legislation. With a few simple keystrokes, international tax professionals can assess the multi-year impact of planned acquisitions, U.S. and foreign audit settlements, and various tax positions and financial strategies. The result is a decision-making process that is more efficient, accurate, and transparent.

About Liquid Engines

Liquid Engines, a technology leader in corporate tax management, provides the industry's only software solution specifically designed for tax planning, audit analysis, forecasting, and financial reporting. Developed in conjunction with recognized tax experts such as Jim Fuller, Larry Langdon, Walter Hellerstein, Prentiss Willson, and Charles Rossotti, as well as tax executives from PricewaterhouseCoopers LLP, Intel, and Cisco, the Liquid Engines solution optimizes tax performance in large, complex, multi-national organizations.

Liquid Engines' software offers tax professionals an up-to-the-moment, integrated view of a company's global tax positions. In addition, the solution's patent-pending optimization engines and embedded tax intelligence enable sophisticated, real-time, multi-year/multi-jurisdictional modeling and analysis, optimization, and reporting--driving an increased level of accuracy, efficiency, and transparency into the decision-making process. With Liquid Engines, leading Fortune 1000 companies are striking the delicate balance between risk management and tax minimization--and are proactively leveraging the tax function to enhance corporate performance. For additional information, please visit www.liquidengines.com or call 408.585.9000.

Editor's Note: All Liquid Engines' brand and product names are trademarks or registered trademarks of Liquid Engines, Inc., in the United States and other countries. All other products or company names mentioned are used for identification purposes only, and may be trademarks of their respective owners.