UBmatrix Selected to Present at Innovation Showcase at Software 2007 Conference

CEO Sunir Kapoor to Discuss Innovation of XBRL Solutions and Impact on Financial Information Reporting and Exchange

Palo Alto, CA and Kirkland, WA - April 26 2007 - UBmatrix, Inc., the leading provider of XBRL information exchange solutions, today announced that the company has been chosen as an Innovation Showcase presenter at the upcoming Software 2007 Conference, organized by the San Hill Group. Just twenty five notable software companies have been selected to present at the conference which will examine the role and importance of innovation in the software industry.

Sunir Kapoor, president and chief executive officer of UBmatrix, Inc., will provide a presentation on the importance of innovation in financial information reporting and exchange -- and the role and growth of XBRL software. Also speaking and presenting at the conference are Steve Ballmer, CEO of Microsoft; Marc Benioff, CEO of Salesforce.com; Hasso Plattner, Co-founder and Chairman of SAP; and Ed Zander, CEO of Motorola.

Kapoor will discuss the core business value of UBmatrix's XBRL solutions and discuss the growth in usage of XBRL for regulatory reporting -- and how this can serve as the foundation for greater efficiency and accuracy in financial information exchange. According to the Harvard Business Review, XBRL (Extensible Business Reporting Language), "makes it easier to generate, validate, aggregate, and analyze business and financial information, which in turn will improve the quality, timeliness, completeness, and comparability of the information that companies use to make decisions." Use of XBRL is accelerating in part because of recent regulatory developments, including the Federal Deposit Insurance Corporation (FDIC) adopting XBRL as the standard for reporting for its 8,200 member banks; the European Union Central Banks in Basel II adopting XBRL for reporting beginning in 2007 -- and the SEC setting the stage for XBRL reporting with a pilot XBRL reporting program.

"The use of XBRL is revolutionizing the way companies exchange and report financial information," said Sunir Kapoor, president and chief executive officer of UBmatrix, Inc. "The first wave of XBRL innovation has come through trends in regulatory reporting, but as we see XBRL use extend across the enterprise, there will be succeeding waves of XBRL innovation within the global corporation. We look forward to discussing these trends and the business value of XBRL with this audience of business and software leaders."

"UBmatrix, Inc. represents one of twenty-five companies that we believe will play a notable role in the future evolution of the software ecosystem," said M.R. Rangaswami, Sand Hill Group co-founder and Software 2007 executive conference director. "This year's Showcase presenters illustrate that innovation is alive and well in the software industry."

The Software 2007 Conference takes place May 8th and 9th, 2007 at the Santa Clara Convention Center in Santa Clara, CA. Kapoor will present during the Innovation Showcase on May 9th, 2007 at 12:00 PM Noon Pacific Time.

About UBmatrix
UBmatrix, Inc. is the leading provider of XBRL-based information exchange solutions for global organizations and enterprises allowing them to more efficiently and effectively address the challenges of business and financial information management, exchange and reporting. XBRL is fast becoming the standard for financial information exchange and reporting demonstrated by the XBRL programs being driven by the SEC, FDIC and the European Central Banks. UBmatrix XBRL solutions increase operational efficiency and financial transparency, and ensure reporting accuracy and regulatory compliance. UBmatrix is based in Silicon Valley with development centers in Kirkland, WA, and New Delhi, India. For further information, visit www.ubmatrix.com

About Sand Hill Group
Sand Hill Group serves the $600+ billion software, services and solutions market by providing investment and management advice to emerging enterprise technology leaders. Sand Hill also owns Sandhill.com -- the premier destination site and resource center for CEOs, VPs, Entrepreneurs, VCs and for members of the software industry ecosystem. Its weekly electronic newsletter is read by thousands of executives. Sand Hill produces the ‘Enterprise' and ‘Software' conferences for CEOs and executives in the industry and creates high-impact research reports for its constituents.

UBmatrix and xBReeze are trademarks of UBmatrix, Inc. US Patent No 6,947,947 B2 and other patents pending. Any third-party trademarks and patents are the property of their respective owners.