JTH Holding Adds Chief Investment Officer to Mark Baumgartner's Role

JTH Holding, Inc. (NASDAQ: TAX) (the "Company"), the parent company of Liberty Tax Service, announced today that it has added the title and responsibilities of Chief Investment Officer (CIO) of JTH Holding, Inc. to Mark Baumgartner's role. Mr. Baumgartner was previously the Company's Chief Financial Officer and currently serves as Chief Executive Officer (CEO) of the Company's JTH Financial subsidiary. His expanded responsibilities as both CEO of JTH Financial and CIO of JTH Holding, Inc. include business development where he will explore new ventures and investment opportunities that align with or scale the Company's current business. "Mark has been a huge part of getting the Company to where it is today," said John Hewitt, Chief Executive Officer. "Mark's vision and understanding of the tax preparation business helped us create JTH Financial, where he grew revenue from financial products by almost 84% over the last two years. His eleven years of experience in the industry give him great insight into our new strategic initiatives." About JTH Holding, Inc.Founded in 1997 by CEO John T. Hewitt, JTH Holding, Inc. is the parent company of Liberty Tax Service. Liberty Tax is the fastest-growing tax preparation franchise and has prepared almost 16 million individual income tax returns in more than 4,400 offices and online. Liberty Tax's online services are available through eSmart Tax, Liberty Online and DIY Tax, and are all backed by the tax professionals at Liberty Tax locations and its nationwide network of over 30,000 tax preparers. Liberty Tax also supports local communities with fundraising endeavors and contributes as a national sponsor for many charitable causes. For a more in-depth look, visit Liberty Tax Service and interact with Liberty Tax on Twitter and Facebook.