Press Releases

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

6/9/2008

Clients Continue to Benefit from High-Quality Updates Delivered Ahead of Competition

Las Vegas, June 9, 2008 - Rimini Street, Inc., the leading third-party maintenance and support provider for enterprise software, including Oracle Corporation's (NASDAQ: ORCL) Siebel, PeopleSoft, and JD Edwards software and SAP AG (NYSE: SAP) software, today announced delivery of its Tax Update 2008-C containing critical tax and regulatory updates. Like all previously delivered tax and regulatory updates, Rimini Street delivered its 2008-C updates for PeopleSoft products approximately a week ahead of Oracle's own planned release date for its equivalent tax and regulatory updates.

"Pittsburgh Public Schools is very pleased with the timeliness, accuracy, and quality of the tax and regulatory updates we receive from Rimini Street," said Joe Charnock, Director of Application Development, Pittsburgh Public Schools. "We rely on and are very confident in Rimini Street's extensive experience in building and supporting tax and regulatory updates. We couldn't be happier with our decision to transition support to Rimini Street."

Tax Update 2008-C includes extensive Federal and State minimum wage rate changes and updated garnishment calculations effective as of July 24, 2008. 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.

"Tax and regulatory updates are a mission-critical component of our overall service delivery," said Brian Slepko, senior vice president, Global Operations for Rimini Street. "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, to ensure our clients receive the timely and accurate tax and regulatory updates they need to process billions of dollars in transactions."

About Rimini Street, Inc.

Rimini Street is the leading third-party provider of enterprise software support services. The company is redefining enterprise support services with an innovative, next-generation program that enables Siebel, PeopleSoft, JD Edwards, and SAP licensees to save at least 50% in annual support fees and to remain on their current software release without any required upgrades or migrations through 2020 and beyond. Global, Fortune 500, mid-market, and public sector organizations from nearly all industries have selected Rimini Street as their trusted, software vendor independent support provider. 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 © 2008. All rights reserved.

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