Liberty Tax Service Demonstrates 80% Growth In Number Of January 2003 Returns

VIRGINIA BEACH, VIRGINIA (Friday, February 07, 2003) - Liberty Tax Service continues to set the tax industry standard as the fastest growing international tax service ever with a solid January 2003 performance.
The company is gaining a greater share of the tax customer market, with an 80% growth in the number of tax returns prepared in January 2003 year over the same period last year. The number of tax returns prepared in existing offices is up 42% over the same time period. In the last nine months, Liberty Tax Service expanded over 50% by opening an additional 300 offices. There are now over 900 locations in the United States and Canada.

"The pace of our growth is due to the caliber of our franchisees and management team, and our commitment to following the proven Liberty operating system," said John Hewitt, CEO and Founder of Liberty Tax Service. "As a result, in 6 years we have grown to the size that it took the other national income tax franchises 11 years to realize."

The company specializes in computerized tax preparation, electronic filing, and refund anticipation loans. In the January 2003 issue, Liberty Tax Service was ranked as one of the top franchise opportunities on Entrepreneur magazine's annual Franchise 500. Black Enterprise has recognized the company's franchise opportunity as one of the most affordable.

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