TaxMasters, Inc. (TAXS.OB) offers services and counsel to taxpayers across the country facing seemingly insurmountable tax problems, and relief from substantial federal tax debt. Employing over 300 people, TaxMasters leverages the expertise of ex-IRS agents, enrolled agents, attorneys, CPAs, and seasoned tax consultants ready to counsel and assist every day people with their specific tax issues.
TAXS recently filed a Current Report on Form 8-K to announce that Patrick Cox, its founder, CEO and majority shareholder, voluntarily entered into a Financial Reorganization Agreement in which Mr. Cox deposited 200 million shares of his TaxMasters, Inc. common stock with TaxMasters, Inc. transfer agent, Olde Monmouth Stock Transfer Co., Inc. These shares will be held in escrow by Olde Monmouth for a five year period ending June 30, 2015. During that time, Mr. Cox has waived his right to vote the escrowed shares and he has also waived his right to receive any dividends or other distributions by TaxMasters, Inc. with respect to the escrowed shares.
As a result of Mr. Cox’s voluntary escrow of shares, there are now 139,676,105 shares of common stock that can be voted or can receive dividends or other distributions. The 139,676,105 shares will also be the number of shares used to calculate earnings per share for TaxMasters, Inc. financial statements.
For more information about this company please visit http://www.txmstr.com
Ingersoll-Rand Plc (NYSE: IR) is a world leader in creating and sustaining safe, comfortable and efficient environments in commercial, residential and industrial markets. Our people and our family of brands—including Club Car®, Hussmann®, Ingersoll Rand®, Schlage®, Thermo King® and Trane®—work together to enhance the quality and comfort of air in homes and buildings, transport and protect food and perishables, secure homes and commercial properties, and increase industrial productivity and efficiency. They are a $13 billion global business committed to sustainable business practices within their company and for their customers.
IR recently reported revenues increased by 7% for the second quarter of 2010 compared with the 2009 second quarter; orders increased by 10%; and diluted earnings per share (EPS) from continuing operations exceeded the prior guidance range.
For more information about this company please visit www.ingersollrand.com
H&R Block, Inc. (NYSE: HRB) is one of the world’s largest tax services providers, having prepared more than 550 million tax returns worldwide since 1955.
HRB recently reported consolidated net income for the fiscal year ended April 30, 2010 of $479.2 million, or $1.43 per share(1), down 1.3 percent from the prior year period of $485.7 million, or $1.45 per share. Net income from continuing operations fell 4.7 percent to $488.9 million, or $1.46 per share, compared to income of $513.1 million, or $1.53 per share in the prior year period. Total revenues declined 5.1 percent to $3.9 billion.
Tax preparer HRB Board of Directors has recently appointed Alan M. Bennett to be its President and Chief Executive Officer.
For more information about this company please visit http://www.hrblock.com/
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