Colonial Tax Compliance Company Changes Its Name to Salis, Inc.; Name to Reflect Firm's Focus on Providing Comprehensive State and Local Tax Management Services.

ATLANTA -- Colonial Tax Compliance Company, a leading provider of sales and use tax services, today announced it has changed its name to Salis, Inc. and broadened its focus to the delivery of comprehensive services for state and local tax management.

According to David Fromal, President and CEO of Salis, the new name is aligned directly with the company's mission. "State and local tax management is an inherently cumbersome and ambiguous process. It can be exceedingly difficult for companies to keep up with constantly changing rates and rules interpretations. Our mission is to bring peace of mind to our clients by delivering clarity and consistency at the point of every tax decision."

"We wanted a name that clearly communicated our area of expertise so that decision-makers understand our focus on state and local tax management. Salis is the Latin word for salt, and SALT is the common acronym for state and local taxes. While our target market may not immediately connect Salis with its Latin origin, we're confident that they'll appreciate the rationale from the minute we engage with them."

Combining the best aspects of tax consulting and transactional tax processing automation, Salis delivers the best of both worlds through its people, process and technology. The firm's deep expertise helps clients achieve compliance and efficient process management for critical areas of state and local tax management including Sales Tax, Use Tax and Exemption Certificates.

Added Mr. Fromal, "Many financial professionals told us that, although there were a variety of tax management providers and software solutions available in the market, none delivered an integrated, complete solution. They represent the companies that will embrace an organization that delivers a truly comprehensive state and local tax solution. No longer will tax departments have to cobble together solutions from multiple vendors. Salis will provide the right solution to meet their specific needs."

About Salis, Inc.

Salis, Inc. is a leading services firm for state and local tax management that specializes in sales tax, use tax, and exemption certificate management. Salis services provide visibility and control through the entire tax value chain. The firm's automated service platform delivers fully-integrated state and local tax solutions that minimize risk and improve cash flow - at a lower total cost of operation. Through its combination of people, process and technology, Salis has partnered with over 200 companies to ensure they are in compliance with the 7,600 taxing jurisdictions throughout the U.S. In 2003, Austin Ventures, one of the nation's largest venture capital firms, purchased a majority interest in Salis. Visit www.salisinc.com for more information.