Jackson Hewitt Tax Service Inc. (fka JHTXQ)

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JTX.....lenders agreed to mutually satisfactory restructuring of Jackson Hewitt's balance sheet and go-forward funding needs


Jackson Hewitt Tax Service Inc. ("Jackson Hewitt") (NYSE: JTX), the nation's second largest tax preparation company, today announced the cancellation of its 2011 third quarter earnings conference call and webcast (originally scheduled for Thursday, March 10, 2011 at 8:30 a.m. Eastern Time) in light of ongoing discussions between Jackson Hewitt and lenders under its senior secured credit agreement. As previously disclosed, pursuant to the credit agreement, Jackson Hewitt and the lenders agreed to use good faith efforts to agree upon a mutually satisfactory restructuring of Jackson Hewitt's balance sheet and go-forward funding needs, and to execute definitive documentation relating thereto on or prior to April 29, 2011. Jackson Hewitt expects to file its Quarterly Report on Form 10-Q for the period ending January 31, 2011 on March 10, 2011 in compliance with the rules of the Securities and Exchange Commission


http://pr-usa.net/index.php?option=com_content&task=view&id=650338&Itemid=29


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