TaxMasters, Inc. (OTCBB: TAXS.OB), the IRS tax relief company, recently announced the company’s financial results for the first quarter ended March 31, 2010.
For the first quarter of 2010, TaxMasters net revenue increased 56.1% to approximately $11.3 million, compared to approximately $7.3 million for the first quarter of fiscal 2009. Total operating expenses for the first quarter of 2010 were approximately $9.9 million, an increase of 62.9% compared to $6.1 million for the same period in 2009.
Patrick Cox, President and Chairman of TaxMasters, Inc., said, “Our 56% growth in revenue in the first quarter of 2010 is a reflection of the strong demand for our services. While taxpayers have many options to address their tax problems, our growth demonstrates that taxpayers who need help in dealing with the IRS are choosing TaxMasters.
Hotel Outsource Management International, Inc. (OTC BB: HOUM.OB) presented its consolidated financial results for the first quarter ended March 31, 2010.
Revenues for the first quarter of 2010 reached US$740,000, compared to US$676,000 in the first quarter of 2009. The increase in revenues is mainly a result of refreshments sales in the minibars, primarily due to improvements in occupancy rates, especially in Israel and Europe, as well as an increase in the number of minibars that HOMI operates.
Debt Resolve, Inc. (OTCBB:DRSV.OB) announced the completion of a major financing round and its First Quarter 2010 results of operations. Debt Resolve has completed a major financing round. From June 1, 2009 to April 30, 2010, the Company completed financing from individual accredited investors and a private placement for total gross proceeds of $1,462,459. The proceeds were used to fund the cash portion of the Company’s balance sheet restructuring and for general working capital. Preliminary numbers were released in a press release on October 20, 2009. This round of private financing is now complete.
Visualant, Inc. (OTCBB: VSUL.OB) (the “Company”), a color technology company which provides multi-dimensional, spectral-based pattern file creation diagnostic and security solutions, recently announced that Mark E. Scott has been appointed as its Chief Financial Officer, Secretary and Treasurer. Mr. Scott will be responsible for all financial functions for the Company and will work with Ron Erickson, the Chief Executive Officer, on the implementation of the Company’s growth strategy.
American Public Education, Inc. (NASDAQ: APEI) – parent company of online learning provider American Public University System, which operates through American Military University and American Public University – announced that President and Chief Executive Officer Dr. Wallace Boston plans to address the financial community at the UBS Global Technology and Services Conference in New York City.
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