Newport News, Virginia – August 20, 2008

PenSoft, a prominent developer of payroll software, is excited to announce it has received IRS approval for their 94x project to electronically file tax forms 940, 941, and 944.

Filing of Forms 94x is a web service application for PenSoft Payroll customers to electronically file IRS Forms 940, 941, and 944. Once customers are enrolled with the IRS and PenSoft, they can electronically transmit IRS Forms 940, 941, and 944 to PenSoft who will collect and transmit these forms electronically to the IRS. This process will increase the company’s efficiency and eliminate the need to file paper forms.

“Our customers wanted a quick, accurate, and reliable method of filing federal tax returns. PenSoft 94x e-File delivers on all three:

• Quick: Press e-File and submit!
• Accurate: There is a 99 percent accuracy rate.  PenSoft Payroll checks for errors before transmitting.
• Reliable: Within two business days, an official acknowledgement the return is received.

94x takes the stress out of filing federal employment tax returns.” said Stephanie Salavejus, vice president & chief operating officer.

The 94x electronic filing is available for all current PenSoft Payroll customers.

About PenSoft

Founded in 1983, Peninsula Software of Virginia, PenSoft, develops PenSoft Payroll; payroll software designed for small to mid-sized U.S. businesses with 1 to 2,000 employees per company. With many payroll experts and Certified Payroll Professionals (CPP) on staff, PenSoft monitors state and federal tax laws for changes to ensure PenSoft Payroll is always current and up-to-date, and is backed up by unsurpassed program support for users and an online Knowledge Database. Corporate headquarters are located in Newport News, Virginia. For additional information, visit PenSoft on the web at www.pensoft.com