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Stock Market Alert on TAXS.OB, FNDT, FFDF from CRWE Wallstreet.

Jul 14th, 2010

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TaxMasters: we solve your tax problems

TaxMasters, Inc. (OTCBB:TAXS.OB) filed a Current Report on Form 8-K on Wednesday, July 7, 2010 to announce that Patrick Cox, its founder, CEO and majority shareholder, voluntarily entered into a Financial Reorganization Agreement in which Mr. Cox deposited 200 million shares of his TaxMasters common stock with TaxMasters’ transfer agent, Olde Monmouth Stock Transfer Co., Inc. These shares will be held in escrow by Olde Monmouth for a five year period ending June 30, 2015. During that time, Mr. Cox has waived his right to vote the escrowed shares and he has also waived his right to receive any dividends or other distributions by TaxMasters with respect to the escrowed shares. As a result of Mr. Cox’s voluntary escrow of shares, there are now 139,676,105 shares of common stock that can be voted or can receive dividends or other distributions. The 139,676,105 shares will also be the number of shares used to calculate earnings per share for TaxMasters financial statements.

 

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Fundtech Ltd. (Nasdaq:FNDT), a market leader in global transaction banking solutions, announced that it will report its second quarter 2010 financials before the opening of the trading in the United States on Wednesday, August 4, 2010.

Following the announcement, Fundtech management will host a conference call on Wednesday, August 4 at 8:30 AM (ET) to discuss the results and answer questions from the investment community.

 

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FFD FINANCIAL CORPORATION (Nasdaq:FFDF) announced that on July 13, 2010, the Board of Directors declared a dividend of seventeen cents ($0.17) per share to shareholders of record on July 30, 2010, payable on August 13, 2010. The rate of $0.17 per share represents the same dividend rate paid for the same period the prior year. This is the fifty-eighth consecutive quarter FFD Financial Corporation has paid a dividend.

FFD Financial Corporation is traded on the NASDAQ Capital Market under the symbol FFDF. First Federal Community Bank has full service offices in downtown Dover, downtown New Philadelphia, on the Boulevard in Dover, in Sugarcreek, and in Berlin.

 

 

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