OBJACCT RELEASES v4.0 OF ITS XML ACCOUNTING SERVER FOR OEM, SaaS, ON DEMAND & VERTICAL MARKET VENDORS

Bowling Green, Ohio - (Feb 14, 2007) - ObjAcct, Inc. announces v4.0 of its powerful XML Accounting Server platform designed for OEM, Software-as-a-Service (SaaS), on demand and vertical market vendors that wish to upgrade their existing legacy accounting product offering or add state-of-the-art branded accounting functionality to their product offering.  The system includes a complete accounting module suite and an extensive development toolset including over 2000 XML web services and a powerful SDK for Microsoft's Visual Studio .NET.

New accounting features include account segmentation, allocations, advanced budget preparation, multi-year adjustment and re-class periods, purchase order approval capability and enhanced user security. New OEM features include definable modules, module based unlocking keys, custom color themes and "party" based schema enhancements.

“Our XML Accounting Server provides a complete 'ready-to-integrate' accounting platform for our OEM and SaaS vendors that want to bundle and deploy world-class accounting functionality quickly", said Lee Mellinger, CEO.  "The XML web services architecture provides connectivity that is unmatched in the marketplace providing a secure, feature-rich, world-wide accessible interface."

ObjAcct, Inc. is a leading provider of XML accounting products for SaaS, on demand and OEM applications. More information regarding ObjAcct’s products can be found on their website: www.objacct.com.