V-Tax™ from Petz Enterprises, Inc.
World's First Online Professional Tax Software
Now Available for Tax Year 2004 Returns

TRACY, Calif.--(BUSINESS WIRE)--September 22, 2004--Petz Enterprises Inc., announces the availability of V-Tax, the world's first online software designed exclusively for professional tax preparers serving large numbers of individuals from multiple locations. Tax returns for 2004 can now be prepared using V-Tax. An online demo is available at www.petzent.com.

According to Leroy Petz, Sr., President of Petz Enterprises, "V-Tax is fully hosted, rather than an Application Service Provider (ASP), with all data stored at a central, secure server in Tracy, California. There is no risk of client data being lost or compromised if an office is broken into, or destroyed through flood, hurricane, or similar catastrophe," he said.

"In addition to the inherent speed and ease of use offered by the Internet," Mr. Petz continued. "Tax preparers can even offer refund loans and print checks instantly. V-Tax login and password allows the tax preparation organization to access customers' returns from any computer with a connection to the Internet. Long hours of multi-system software installations, frequent calls to customer service and high levels of frustration are completely eliminated by V-Tax," commented Mr. Petz.

Mr. Archie Gall, owner of Refunds-4-Less, Austin, TX said, "I am extremely satisfied with my experience with V-Tax software as a preparer, a multi-location business owner and as a service bureau. The fact that we didn't have to go through installs, updates, crashes, uploads, downloads and so on made for a smoother tax season. We spent more time on taxes and less time dealing with software issues because of the products and service we received from Petz Enterprises."

Pricing is based on the number of office locations.

V-TAX benefits at-a-glance:

Quick Setup - The main office enters the branch office information, including logins and passwords and has complete control over the activities of the branch office personnel. No more "end-of-season" headaches. To close an office, simply delete the password.

Zero Maintenance - All tax information is stored at our secure data center with the software maintenance activities performed by our personnel.

Detailed Reporting - Since all tax returns are centralized, both detailed and consolidated reports can be generated on demand.

Remote Printing - All tax returns and Refund Anticipation Loan checks can be printed anywhere by authorized personnel. Offer Instant Refund Anticipation Loans (RALs) anywhere at anytime. All financial products are offered through HSBC, a division of HSBC Holdings, plc.

The experience gained by Petz Enterprises, Inc. developing, testing and delivering the highest quality online tax preparation tools resulted in TaxBrain® Online Tax Center, the largest independent Internet-based tax service in the United States. Utilizing that knowledge and experience, PEI adapted V-Tax to the needs of the professional tax community capitalizing on the speed, accuracy and low-cost benefits of the Internet.

About Petz Enterprises, Inc.

Petz Enterprises, Inc. (a closely-held California corporation) is a leading provider of tax preparation and filing solutions for the professional and consumer markets, helping to automate and simplify federal, state and local tax compliance.

PEI's Crosslink^® line of professional tax software products enable tax practitioners and service bureaus to accurately prepare and file large volumes of individual tax returns. At the IRS Tax Forum, PEI announced the availability of V-Tax™, the world's first online software designed exclusively for professional tax preparers serving large numbers of individuals from multiple locations

Founded in 1974 and based in Tracy, California, PEI is dedicated to serving the needs of the professional tax community and individual taxpayers worldwide. For more information, visit www.petzent.com.