Jackson Hewitt Completes Debt Refinancing

Released on = July 19, 2005, 8:25 pm

Press Release Author = Jackson Hewitt Tax Service

Industry = Consumer Services

Press Release Summary = Jackson Hewitt Completes Debt Refinancing

Press Release Body = PARSIPPANY, N.J., June 30 -- Jackson Hewitt Tax Service Inc. (NYSE: JTX) announced today that it has executed a new $250 million, five-year bank credit agreement arranged by Wachovia Securities to refinance the company's existing term debt, which was prepaid on June 27, 2005, and its existing revolving credit agreements. The new credit facility reduces total debt costs and provides additional flexibility for the Company.
As previously disclosed, the Company will record a non-cash, pre-tax expense of approximately $2.7 million in the first quarter of 2006 for the write-off of
unamortized finance expenses related to the retired bank revolver and term debt. About Jackson Hewitt Tax Service Inc. Jackson Hewitt Tax Service Inc. (NYSE: JTX) is the second largest tax preparation
service company in the United States, with over 5,400 franchised and company-owned offices in 49 states and the District of Columbia. Specializing in electronic filing (IRS e-file), the Company provides full service, individual federal and state income tax preparation and facilitates related financial products. Most Jackson Hewitt offices are independently owned and operated. Jackson Hewitt is based in Parsippany,
New Jersey. More information about the Company may be obtained by visiting the Company's website at http://www.jacksonhewitt.com. SOURCE Jackson Hewitt Tax Service Inc. 06/30/2005
CONTACT: ?Investor Relations: ?David Kraut, Senior Director, Treasury and Investor
Relations, ?1-973-496-3401?Media Relations: ?Sheila Cort, Senior Director,
Communications, ?1-973-496-2702

Web Site = http://www.jacksonhewitt.com

Contact Details = 1-800-234-1040
jh@digitalbrandexpressions.com
Jackson Hewitt Tax Service
7 Sylvan Way
Parsippany, NJ 07054

www.jacksonhewitt.com