Black Enterprise Ranks Liberty Tax Franchise Opportunity On Its "2005 Franchise Honor Roll"

(Tuesday, August 30, 2005) - Liberty Tax Service is one of the 20 best deals in franchising in 2005, according to the September edition of Black Enterprise magazine. Liberty is the only tax franchise service on the list of low cost start-ups. Black Enterprise also recognized the company's franchise opportunity as one of the "hottest" in the September 2004 issue .

Ea ch year, Black Enterprise researches franchise opportunities and compiles a superlative list for its readers of the best franchises for African Americans. According to the publication the survey criteria includes those companies "with a significant number of African American franchise units, start up costs, revenue growth projections, and minority franchise outreach programs." The results are based on a national survey of more than 400 franchisors that are members of the IFA.

"We are honored to be named again in 2005, and will continue to build diversity in our ranks," said John Hewitt, CEO and Founder of Liberty Tax Service. "It is our goal to continue to offer an affordable chance at the American dream of business ownership to those who are ready to embrace our proven Liberty operating system."

Liberty Tax Service has served 3 million customers. There are 1735 Liberty offices operating in the United States and Canada. The company provides free tax advice and free checking of self-prepared returns at each office. In January 2005, Entrepreneur magazine ranked Liberty Tax Service as #15 on its Franchise 500 overall list of best franchises. Accounting Today magazine ranked Liberty fastest growing on its list of top 100 tax & accounting companies released in March 2005. Liberty Tax Service is ranked for the second consecutive year on Inc . magazine's 500 annual ranking of the fastest growing private companies in the United States (Fall 2004). The Liberty Tax Service web site is www.libertytax.com .

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