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TaxMasters, Inc. (TAXS.OB), the IRS tax relief company, reported that TaxMasters engaged a record number of new clients in the first quarter, from January 1 through March 31, 2010. The number of new clients in January 2010 represents a 22% increase over the number of new clients in January 2009. In addition, TaxMasters reported 30% and 34% increases in new clients for the months of February and March 2010 respectively. For the entire first quarter 2010, TaxMastersreported a 29% increase in new client engagements over the number of new clients in the first quarter 2009. This three-month increase builds on the momentum in new client growth that TaxMasters experienced throughout the fourth quarter of 2009. TaxMasters expects new client growth, in general, to continue for the remainder of 2010, although not necessarily at the same pace as in the first quarter of 2010. To meet the growth in clients TaxMasters has hired additional personnel, with the total number of TaxMasters employees up 30% from 224 in March 2009 to 323 in March 2010.
“We continue to see increased demand for tax relief services, and a growing number of individuals and businesses dealing with tax problems throughout the U.S.,” says Patrick Cox, Founder, President and Board Chairman of TaxMasters, Inc. “These trends are reinforced by the number of new clients who reached out to TaxMasters for tax help in the first quarter of 2010.” Cox continued, “Going forward, we believe that larger economic factors, as well as increased collection efforts by the IRS, will continue to drive demand for our services, as taxpayers look to get back into tax compliance and resolve other tax problems. We are confident that the staffing level increases and corporate infrastructure expansion we undertook in 2009 will meet anticipated growth as we continue to execute our strategic plan for TaxMasters.”
Global Cash Access Holdings, Inc. (NYSE:GCA), a global provider of innovative cash access solutions and data intelligence for casinos, reported recently that GCA has received unanimous approval from the Nevada Gaming Control Board (NGCB) to begin a product field trial of its new QuikTicket product in Nevada. This approval is a significant milestone towards the ultimate commercialization of this new technology. QuikTicket was developed by GCA to allow casino patrons to have the choice of receiving either cash or a slot ticket when conducting an ATM transaction. GCA believes that this technology provides increased security for both the casino patron and the gaming operator and that it will also reduce the gaming operator’s cash handling expenses. If the casino patron chooses to receive a slot ticket, the ticket can then be used directly in an electronic gaming device or redeemed for cash. QuikTicket also supports GCA’s Self Transaction Exclusion Program (STeP), a key element of GCA’s responsible gaming initiative that allows patrons to exclude themselves from access to their own funds from any cash access device within GCA’s network.
“We are very pleased with the decision and look forward to QuikTicket’s beta-testing in Nevada,” commented Scott Betts, president and chief executive officer of GCA. “Today’s consumer is accustomed to cashless transactions, as evidenced by the increasing use of debit and credit cards in all areas, and we believe this technology represents the next step in the evolution of cashless gaming. QuikTicket will provide a convenient, efficient and safe option for patrons to fund their gaming activities, while providing casinos additional options for limiting their vulnerability to theft and reducing cash handling costs on the casino floor.”
Once GCA has finalized receipt of the required approvals from the VISA and MasterCard card associations and a beta-site is selected, a product field trial will commence with the approval of the Nevada Gaming Control Board Technology Lab. Upon the successful completion of the field trial, the NGCB will issue an associated equipment approval for the product, allowing installation and full commercialization of QuikTicket in Nevada. GCA intends to seek approval of QuikTicket in additional gaming jurisdictions.
Advance America, Cash Advance Centers, Inc. (NYSE:AEA) today reported the results of its operations for the quarter and six months ended June 30, 2010. Commenting on the results of the second quarter of 2010, Advance America’s President and Chief Executive Officer, Ken Compton, said, “Advance America continues to deliver solid results in the face of challenging regulatory environments and costs associated with legal settlements and costs related to center consolidations. We believe our overall strength suggests that the demand for our service will persist well into the future. Amid an active public discourse on the personal financial needs of consumers, Advance America’s performance is evidence that customers are satisfied with our services and that we provide a valuable alternative to other options in the evolving financial services landscape.”
For the six months ended June 30, 2010, total revenues decreased 6.8% to $285.8 million, compared to $306.5 million for the same period in 2009. Total revenues for the quarter ended June 30, 2010 decreased 5.8% to $141.4 million, compared to $150.1 million for the same period in 2009. These comparisons include the results of operations in Virginia, Washington, South Carolina, and Kentucky, where regulatory changes have reduced the Company’s revenue and profitability. Revenues in these four states were $31.4 million and $14.1 million for the six months and quarter ended June 30, 2010, compared to $65.0 million and $28.9 million for the same periods in 2009. Based on past experience, Advance America expects to experience lower revenue in these states for the next several quarters.
Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment (read more) Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (CRWE.OB) has previously received twenty four thousand dollars from Tax Masters Inc.(TAXS.OB) for 30 days of advertisement services. Crown Equity Holdings, Inc. (CRWE.OB) has received four thousand dollars from a third party (Marshall Curtis) for 30 days of advertisement for services for Tax Masters Inc.(TAXS.OB) which has expired. Crown Equity Holdings, Inc. has received an additional four thousand dollars from the same third party (Marshall Curtis) for an additional 30 days of advertisement services.
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