TAXS.OB, SIMG, CRWEWallstreet.com Stock Report! on Wednesday

Mr. Cox deposited 200 million shares of his TaxMasters common stock with TaxMasters' transfer agent, Olde Monmouth Stock Transfer Co., Inc.
By: Hanson
 
July 28, 2010 - PRLog -- TaxMasters, Inc. (OTC Bulletin Board:TAXS.OB) recently has filed a Current Report on Form 8-K on Wednesday, July 7, 2010 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 common stock with TaxMasters' 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 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 financial statements.

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 problems today.



More about TAXS at: www.txmstr.com.

Keep TAXS on your watch list, and be ready for possible pop!

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Silicon Image, Inc. , a leader in semiconductors and intellectual property (IP) for the secure distribution, presentation and storage of high-definition (HD) content, yesterday reported financial results for its second quarter ended June 30, 2010.

Revenue for the second quarter of 2010 was $44.6 million compared to $34.3 million for the first quarter of 2010 and $37.3 million for the second quarter of 2009.

Shares of SIMG soared $0.93 (+27.76%), up to $4.28 in market trading, today!

More about SIMG at: http://www.SiliconImage.com .



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Source:Hanson
Email:***@crwewallstreet.com Email Verified
Zip:89146
Tags:Otcbb: Taxs, Silicon Image, Simg, Taxmasters, Taxs, Taxs Ob
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