TaxBreak Announces Acquisition of TaxBreak Solutions

TaxBreak, the leading expert and outsourced processor of government tax credits, announced today it has acquired TaxBreak Solutions, an independently-run group of master sales agents. The acquisition and merger of the firms establishes TaxBreak as the nationÇs largest independent tax credit processor serving more than 75,000 client locations, and expands the companyÇs sales presence.

TaxBreakÇs acquisition of TaxBreak Solutions reaffirms its commitment to customer service and company growth by more closely aligning the agent team with the corporate entity. This will enable the agents to better service clients who reside in their territory and gives the agents direct access to company management. ÑIn addition to growing our national presence, we believe the acquisition will allow us to provide better support to existing clients. With agents present in 46 states, TaxBreak has more widespread market coverage in case a client has an immediate need that requires a company representative to be onsite,â stated Shannon Scott, TaxBreak President.

TaxBreak Solutions has historically functioned as a recruiting firm assembling agent teams for a number of companies including TaxBreak. However, in recent month, the companyÇs core focus has shifted from recruiting new agents to leading and managing the large team of agents it had assembled for TaxBreak. Charles Thompson, formerly with TaxBreak Solutions, will join the TaxBreak team as Vice President of Channel Partnerships and is looking forward to renewing his focus on recruiting the best sales talent. ÑTaxBreakÇs leadership team is dynamic and visionary, and their ability to lead and manage the sales team will allow the agents to be more productive. It will also give me the ability to increase the number of highly-talented agents in field,â said Thompson.

ÑTaxBreak Solutions has done an excellent job assembling a group of key individuals to represent TaxBreak,â added Scott. ÑWith this buy, we gain not only a better relationship with the agents, but also a team of recruiters who know the qualities of effective sales agents. The ability to continue to recruit at this level is essential to our success as we continue to expand the company.â

The addition of TaxBreak SolutionsÇ sales force and client base establishes TaxBreak as the nationÇs largest independent provider tax credit processing. The companyÇs more than 200 partners and 100 sales agents, in addition to its proprietary software, position the company for continued rapid growth. They expect double the number of agents in the field and expand its presence from 46 states to all 50 states by 2010.