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CCH Tax Compliance Names Grass To Lead New Business Development

(TORRANCE, CA., October 18, 2002) – CCH Tax Compliance, the market-leading provider of tax and accounting software, announced today that Karl Grass has been named Vice President of Business Development. In his new role, Grass will focus on furthering Tax Compliance’s growth and leadership in new and existing markets through product and technology innovation.

"With his tremendous track record in all functional areas of tax software, Karl will be a great asset in helping us reach our strategic initiatives surrounding new business development," said Tax Compliance President and CEO Kevin Robert. "We’re very excited to have him on board and welcome his drive, initiative and professionalism."

Most recently, Grass was responsible for all areas of Andersen’s Tax Technology practice in the corporate market. Under his leadership, the business broadened its product and service offerings, tripled its revenues and successfully migrated through two major technology shifts.

Prior to his role with Andersen, he was with the Price Waterhouse Tax Technology Group where he led the Sales & Marketing organization and held various other duties, including leadership of West Region operations, fixed asset development and an internal joint venture focused on HR and tax issues for expatriates. Grass also has prior experience at CLR/Fast-Tax and co-founded one of the first microcomputer tax software companies, Digital Alternatives, Inc., in 1984.

The 23-year veteran of the tax software industry is a resident of Sarasota, Florida. Grass holds a bachelor’s degree from Duke University where he graduated Summa Cum Laude with a degree in Accounting.

Headquartered in Torrance, Calif., CCH Tax Compliance is a leading supplier of software for tax and accounting professionals. It offers The ProSystem fx Office, a powerful, integrated suite that includes modules for tax compliance, tax planning, trial balance, fixed assets, practice management, paperless tax and audit engagements and web site development.

About CCH INCORPORATED

CCH INCORPORATED (CCH), headquartered in Riverwoods, Ill., was founded in 1913 and has served four generations of tax and accounting professionals and their clients. CCH is a wholly owned subsidiary of Wolters Kluwer North America. The CCH web site can be accessed at cch.com. The CCH tax and accounting destination site can be accessed at tax.cchgroup.com.

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