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TaxMasters, Inc

TaxMasters, Inc. (OTCBB: TAXS) 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. Coxs 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. After each fiscal year during the five years that Mr. Coxs shares are being held in escrow, Mr. Cox may claw back a portion of the escrowed shares based on a formula linked to the financial performance of TaxMasters. Any shares Mr. Cox does not claw back prior to June 30, 2015 will be turned over to the Company for cancellation. As a result of the Financial Reorganization Agreement, shareholders will have an increased voting power in their stock. For example, a shareholder owning 1,000,000 shares of TaxMasters common stock will have an increase of the voting power of such stock from 0.3% of the voting power to 0.7% of the voting power.

Juniper Networks (NYSE:JNPR) has stated today on (July 28th 2010), that Everything Channel's CRN Magazine has recognized two of its global channel executives in this year's Top Women of the Channel -- Donna Grothjan, vice president global channel strategy, and Lori Cornmesser, director service provider channel and managed services. The annual accolade honors key customer-facing female business leaders within vendor channel organizations, distributors, and solution providers. Grothjan and Cornmesser were selected by CRN for the positive impact their leadership, contributions and executive influence continue to have on the Juniper Partner community and the technology industry overall. Their individual team efforts, combined with Juniper's ongoing focus on technology innovation, partner profitability, business enablement, and total cost of ownership, have led to growth and success within the Juniper Partner community. Further underscoring the networking leader's channel success, Grothjan and Cornmesser were also recognized as two of the elite CRN Power 100. This exclusive list honors the IT industry's top female channel executives who have reached the highest levels of the corporate ladder based on their professional achievements and influence wielded in the technology industry. This is the fourth consecutive year Grothjan has been named one of the IT industry's Top Women of the Channel and the first year for Cornmesser.

To help consumers make smart mid-year tax moves and plan for the biggest refunds they deserve next year, Jackson Hewitt Tax Service (NYSE:JTX) has named Thursday, July 29, 2010, "Big Tax Check-Up Day." Tax preparers at participating Jackson Hewitt offices will meet with area residents to conduct the "Jackson Hewitt 5-Point Tax Check-Up" a free, simple tool designed to help taxpayers better understand actions to take now to make a big difference when they file their tax returns in 2011, either by helping to minimize what they owe or by positioning them to take home their own "big checks" as tax refunds. In addition, representatives from Jackson Hewitt will offer to review taxpayers' year-to-date financial profiles and earnings and take a close look at their most recent tax returns to ensure they took advantage of all of the deductions and credits available. They will also share information about when and how to amend a return, how to respond to an IRS or State tax notice, when to consider changing withholding status and other timely tips.

Western Union Company (NYSE:WU), a leading global payment services company, and Family Dollar, Inc. (NYSE:FDO) recently announced an agreement to offer the Western Union goCASH service, a new U.S. in-lane money transfer service from Western Union, across 6,500 Family Dollar store locations. The agreement builds upon Western Unions go-to-market strategy in the United States, and complements Western Union's consumer experience by providing consumers the convenience of being able to send a domestic or global money transfer while shopping at a participating Family Dollar location. With the goCASH service, consumers will have the option to select any of three send amounts $50; $100; and $200. A goCASH money transfer can be purchased for both domestic and international money transfers and be picked-up at any Western Union Agent location around the world. Once purchased in-lane, at a cash register, the sender will complete the transaction over the phone through a Western Union customer service representative and provide the money transfer information to the receiver.

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by: Bill Pennyman

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