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Jody Purdom

Frontera Partners

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Frontera Partners Launches Pioneering Solution to Automate International Equity Tax Compliance

FronteraTax™ now available to cost-effectively manage tax processing for global equity plans,

including complex international requirements for mobile participants

New York – November 10, 2009 — Frontera Partners, LLC (www.fronterapartners.com) today announced the launch of the industry’s first cost-effective, automated solution for managing international tax calculations and compliance for global equity plans.

This web-based software service, FronteraTax, delivers significant benefits to tax, legal, and stock plan groups striving to enhance or maintain compliance in international tax jurisdictions:

· Global tax calculation support for stock options and restricted stock.

· Extensive tax rate database, currently supporting more than 50 international tax jurisdictions.

· Advanced tax calculation engine handling calculations for single-country and mobile participants.

· Participant mobility tracking and tax calculation capabilities, including numerous country-to-country apportionment methods.

· Workflow features enabling global stock plan admin, tax, legal, and payroll groups to interact in an organized, consistent, and auditable way.

· Full audit tracking of all tax calculation processing and any changes to tax rate, participant, grant, or vesting data.

· Seamless integration with leading equity plan administration solutions such as Equity Edge®, payroll systems such as ADP, and HR admin platforms such as PeopleSoft.

· Comprehensive reporting capabilities, including flexible data exports to equity admin, payroll, and HR solutions.

Under development for the past two years, FronteraTax was built to meet requirements collected from a number of leading global organizations, headquartered in the US, with high standards for equity compensation tax reporting compliance. One firm that is now using the FronteraTax service is a leading global consumer electronics company with nearly 50,000 plan participants residing in more than 25 international tax jurisdictions.

“FronteraTax makes it easy for large and mid-sized organizations to improve their compliance in calculating, reporting, and remitting taxes for global plan participants,” said Blake Henry, Managing Partner of Frontera Partners. “FronteraTax also significantly reduces the cost of achieving and maintaining tax compliance by allowing companies to decrease spending on external legal and tax consultants, as well as rationalize the time required for internal employees to process stock option exercises and restricted stock releases.”

Although the FronteraTax service includes extensive tax rate information which is actively maintained by a network of international tax attorneys, the solution also allows subscribers with access to sophisticated in-house tax experts to modify any of FronteraTax’s default tax rates or apportionment methods in support of company-specific requirements.

About Frontera Partners

Frontera Partners is the leading provider of automated tax calculation and compliance solutions for global equity plan sponsors. The company was founded by recognized leaders from the equity compensation and financial software industries. Headquartered in New York, the company also has offices in Europe and Canada. For more information, visit www.fronterapartners.com.

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