Sep. 30, 2009 (Business Wire) -- Banks.com, Inc. (AMEX:BNX), a leading financial services focused web property, announced today that the Company has launched a new Tax Preparer Directory on the Banks.com Tax Center to assist individuals searching for local tax preparers. Likewise, tax preparers can increase their exposure to people seeking tax advice and services by enrolling for a listing in this new directory. Listing in the directory is free through January 31, 2010 and renewals are $495 annually. Tax preparers who renew by October 31, 2009 will receive a $100 discount.
“With the 2010 tax season quickly approaching, this new tool will serve as a great resource for Banks.com users to find local tax preparers quickly and efficiently. Tax preparers benefit by being exposed to the millions of unique visitors who come to the Banks.com Tax Center annually,” said Dan O’Donnell, CEO of Banks.com, Inc. He continued, “We believe that our Tax Directory is among the most visited independent tax directories on the Internet, and both our users and the tax preparer community will recognize the enormous value of the service. According to the Bureau of Labor Statistics, there are over 250,000 tax preparers in over 27,000 locations spread across the United States so we believe this represents a significant economic opportunity for Banks.com to help grow its recurring revenue stream, while increasing the breadth and depth of our content and services in the tax vertical.”
Forward Looking Statements
This press release contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve substantial risks and uncertainties. Forward looking statements, which are based on management’s current expectations, are generally identifiable by the use of terms, such as “anticipates,” “believes,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “possible,” “potential,” “predicts,” “projects,” “should,” “would” and similar expressions. Such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. Forward looking statements in this press release include statements regarding: the volume of traffic on Banks.com and anticipated increased revenues during the US tax season, management’s expectations regarding our strategy, and the outlook for our business. The potential risks and uncertainties that could cause actual results to differ materially from those expressed or implied herein include, among others, slowdown in the financial services vertical; market acceptance of the enhanced version of the Banks.com website; uncertainties related to the acceptance by tax preparers of Banks.com as an advertising vehicle; introduction of additional competitors in the Internet advertising space; diversion of advertising dollars away from the Internet; slower than anticipated growth rate of our advertising base; market development of Internet advertising; the stability of our infrastructure; and continued weak economic conditions. Further information on the factors that could affect our financial results is included in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K/A for the fiscal year ended December 31, 2008, our quarterly reports on Form 10-Q and our Current Reports on Form 8-K. Except as required by law, we assume no responsibility to update these forward looking statements publicly, even if new information becomes available in the future.
About Banks.com
Banks.com, Inc. operates an Internet media property that provides targeted online advertising and services in the financial services sector. Through the Banks.com network, the Company provides access to financial content, including financial news, blogs, business articles, interest-rate tables, stock quotes, stock tracking and financial calculators. It also provides users access to online financial services, including tax preparation through the Banks.com Tax Center, and stock brokerage through MyStockFund.com, its online broker-dealer subsidiary. In addition to Banks.com, it operates other search related websites including Look.com. Banks.com, Inc. is headquartered in San Francisco, California at 222 Kearny Street, Suite 550 and can be reached at 415.962.9700. More information about Banks.com, Inc. can be found at: www.Banks.com.
