Press Releases

Rimini Street Announces Delivery of 2008-A Tax and Regulatory Updates

1/16/2008

Experienced Tax and Regulatory Team Delivers High-Quality Update Package Ahead of Competition

LAS VEGAS, January 16, 2008 - Rimini Street, Inc., the leading independent maintenance and support provider for Siebel, PeopleSoft, and JD Edwards (NASDAQ: ORCL) software, today announced that it delivered its Tax Update 2008-A containing critical tax and regulatory updates on January 14, 2008. Like all previously delivered tax and regulatory updates, Rimini Street delivered its 2008-A updates for PeopleSoft products approximately a week ahead of Oracle's own planned release date for its equivalent tax and regulatory updates.

"Rimini Street has consistently delivered tax and regulatory updates ahead of schedule with excellent quality code, documentation and highly-responsive support," said Tom O'Brien, City of Flint, Michigan. "The Rimini Street team has extensive experience building and supporting tax and regulatory updates and we rely on them to support our mission-critical PeopleSoft applications. We couldn't be more pleased with the quality of support we receive from Rimini Street."

Rimini Street's tax and regulatory team works with local, state, provincial, and federal government representatives and all major tax and regulatory services to assure the latest tax and regulatory updates are immediately identified, scoped, coded, extensively tested, packaged, and re-verified for accuracy with government agencies to assure the highest quality deliverables and the fastest "legislature-to-live"SM update delivery cycle in the industry. Rimini Street is a member of the American Payroll Association and Canadian Payroll Association.

"Once again, Rimini Street is pleased to deliver accurate, high-quality updates to its clients as we strive for more timely, intuitive, and user-friendly update packages compared to the competition," said Beth Lester, vice president, PeopleSoft Support Services. "We are able to deliver these benefits to our clients because Rimini Street fields one of the most experienced tax and regulatory teams in the industry, with a combined engineering experience of delivering more than 700 tax and regulatory update packages over the years for PeopleSoft products. Our clients range in size from Fortune 500 to small businesses, and each of them rely and trust Rimini Street for timely and accurate delivery of mission-critical tax and regulatory updates used to process hundreds of millions of dollars in transactions."

About Rimini Street, Inc.

Rimini Street is the leading independent provider of enterprise software support services. The company is redefining enterprise support services with an innovative, next-generation program that enables Siebel, PeopleSoft, and JD Edwards licensees to remain on their current software release without any required upgrades or migrations through 2020 and beyond. In addition to a higher service-level commitment, Rimini Street provides customers with an average savings of more than 50 percent in annual support fees when compared to Oracle. To learn more, please visit http://www.riministreet.com or call (702) 839-9671.

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Rimini Street and the Rimini Street logo are trademarks of Rimini Street, Inc. All other company and product names may be trademarks of their respective owners. Copyright © 2007. All rights reserved.

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