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BillSoft® Restates Financial Growth

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OVERLAND PARK, Kan.--(EON: Enhanced Online News)--BillSoft, Inc., the national leader in the indirect tax technology industry, announced today a restatement of previously released financial numbers. The previously reported gross revenue increase of 18% has been restated to 14% for the fiscal year that ended March 31, 2011. The net income figure for the fiscal year is 7.5%. BillSoft CEO Tim Lopatofsky said, “Our recently hired CFO, at my request, conducted an internal audit and made some year-end a style='font-

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									BillSoft® Restates Financial Growth
August 30, 2011 12:18 PM Eastern Daylight Time 

OVERLAND PARK, Kan.--(EON: Enhanced Online News)--BillSoft, Inc., the national leader in the indirect tax
technology industry, announced today a restatement of previously released financial numbers.

The previously reported gross revenue increase of 18% has been restated to 14% for the fiscal year that ended
March 31, 2011. The net income figure for the fiscal year is 7.5%. BillSoft CEO Tim Lopatofsky said, “Our recently
hired CFO, at my request, conducted an internal audit and made some year-end adjustments to our annualized
growth numbers. While that number turned out to be a bit lower, our profit and growth projections are still on a
positive track for the remainder of our fiscal year.” 

Founded in 1997, BillSoft provides value to clients through innovation, best of class solutions to challenging tax
issues and by providing support to clients in communication and retail sales and use industries. For more information
about BillSoft, please visit www.billsoft.com.

BillSoft and EZTax are registered trademarks of BillSoft, Incorporated.

Contacts
BillSoft
Phil Hermanson, 1-800-525-8175, ext. 159

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