Released on = December 17, 2006, 9:48 am

Press Release Author = Bobby Anderson/WorldSharp Technologies, Inc.

Industry =

Press Release Summary = WorldSharp Technologies, Inc. Announces the WorldSharp 1099
Tax Form Preparation System with Electronic Reporting has been enhanced.

Press Release Body = ANGEL FIRE, New Mexico -December 17, 2006 - WorldSharp
Technologies, Inc. today announced the availability of the 2006 version of
Worldsharp 1099 Preparation System. It is ready to ship with the new forms, form
changes and changes in the IRS electronic reporting specifications for 2006. Some
of the new enhancements have to do with streamlined data entry and printing.

The 2006 version works with all Windows versions from 95 to XP and is being tested
under Microsoft Vista. Items can be entered using two different modes of data
entry. One is a simple fast data entry where the operator enters all fields in a
tabular format. The other uses a WYSIWYG Screen that looks just like the printed
1099. The system has a flexible data import capability that can be used when
customers have the required data in other software systems or Microsoft Excel. The
system allows customers to retain payee information for next year's forms.

Printing can be on pre-printed forms or blank paper. On inkjet and laser printers,
the system will print the form and the data. The standard version prints and
electronically reports Forms 1098, 1098-C, 1098-E, 1098-T, 1099-A, 1099-B, 1099-C,
1099-CAP, 1099-DIV, 1099-G, 1099-H, 1099-INT, 1099-LTC, 1099-MISC, 1099-OID,
1099-PATR, 1099-Q, 1099-R, 1099-S, 1099-SA, 5498, 5498-ESA, 5498-SA and W-2G. For
users wishing to print on pre-printed forms and file forms with the IRS instead of
filing electronically, the system also prints Form 1096. A special version is
available which prints and reports Forms 1042-S.

Bobby Anderson, president of WorldSharp Technologies said that in the past, the
system was primarily used by banks and financial institutions, which is WorldSharp's
main marketing focus. However, in recent years, companies from many industries have
discovered that the system can be very cost effective for them. Many of the
customers already have their data in electronic form and do not want to enter all of
that data again. Another important feature is that the system can prepare any of
the forms instead of just the few that its competitors prepare. The system is
priced very competitively at $89.95. The system ships at no extra charge with the
WorldSharp Stockholder Accounting System and the NoteServe Contract Servicing
System.

For additional information on the 2006 version of the WorldSharp 1099 Preparation
System, contact Pam Mayes (505)445-2504 or visit www.WorldSharp1099Software.com.
Inquires may also be addressed to info@worldsharp.com.

WorldSharp Technologies, Inc. is located in Angel Fire, New Mexico and provides
financial software packages primarily to banks and financial institutions. For
additional information about WorldSharp visit www.WorldSharp.com.


Web Site = http://worldsharp1099software.com

Contact Details = WorldSharp Technologies, Inc.
P.O. Box 699
Angel Fire, NM 87710
(505)445-2504
info@worldsharp.com