NEXTPOINT FINANCIAL INC - NACQF STOCK NEWS

NextPoint Financial Inc. has canceled its annual shareholder meeting scheduled for June 22, 2022, due to the unavailability of its audited consolidated financial statements for the year ended December 31, 2021. The meeting will be rescheduled once the required Financial Statements are ready. Additionally, LoanMe, Inc., a subsidiary of NextPoint, will cease loan originations and has reduced its workforce amidst changing market conditions. This strategic shift aims to align with NextPoint's growth focus and current market dynamics.

Liberty Tax has announced a new partnership with Credit Saint to enhance its financial services by adding credit repair offerings. This collaboration aims to assist customers in improving their credit scores through professional assistance in disputing inaccuracies on credit reports. Liberty Tax will provide clients with a complimentary initial credit consultation and promotional discounts. This strategic move aligns with Liberty Tax's broader Financial Wellness initiative, which seeks to deliver comprehensive financial solutions to both consumers and small businesses.

NextPoint Financial Inc. has appointed Jean Birch as the new Chair of its board of directors, taking over from Andrew Neuberger, who will stay on the board. Birch has been a director since July 2021 and served as Lead Director. She brings extensive experience from various boards, including Charlotte's Web and Forrester Research. NextPoint, formed through the merger of Liberty Tax and LoanMe, aims to provide comprehensive financial services to underserved consumers and small businesses.

NextPoint Financial Inc. (OTC Pink: NACQF) announced the appointment of Scott Wright as Chief Financial Officer, effective July 1, 2022. Wright, currently a Senior Vice President and Controller, succeeds Mike Piper, who will retire but continue as a consultant. CEO Brent Turner expressed confidence in Wright's extensive experience since joining Liberty Tax in 2017. Wright holds a BBA and MAcc and is a Certified Public Accountant. NextPoint combines financial services from Liberty Tax, LoanMe, and Community Tax, aimed at underserved consumers and small businesses.

NextPoint Financial Inc. (OTC Pink: NACQF) announced a fireside chat with CEO Brent Turner on March 8, 2022, hosted by Canaccord Genuity. The discussion will focus on disruptive technologies and strategies for growth in the online lending sector. NextPoint provides financial services targeting underserved consumers and small businesses, a segment largely ignored by traditional institutions, encompassing over 30 million SMEs in the U.S. and Canada. The company was formed in 2021 through the merger of Liberty Tax and LoanMe, complemented by the acquisition of Community Tax.

Liberty Tax announced the launch of its Banking-as-a-Service mobile app, DEEPBLUE™ Debit, on February 1, 2022. Designed with no credit checks or minimum balance requirements, DEEPBLUE aims to enhance financial accessibility for its customers. Initial feedback has been positive, and the app offers various features including enhanced account security, fast tax refund direct deposits, account transfers, and a rewards program. CEO Brent Turner highlighted the app's role in empowering financial stability amidst a growing array of services.

Liberty Tax has resolved its lawsuit against ATAX, initially filed in February 2021, settling for over $500,000. The settlement includes a Consent Decree, prohibiting ATAX from unfair business practices, including infringement of Liberty's trademarks and interfering with its franchise agreements. Liberty Tax's CEO, Brent Turner, emphasized their commitment to protecting their brand and franchisee interests. This resolution highlights the company's vigilance against unfair competition, enhancing its market position in the tax preparation industry.

Liberty Tax, a prominent tax preparation firm, has unveiled a suite of new services for the 2021 Tax Season, reaffirming its commitment to customer-focused solutions. The offerings include diverse tax filing options, the Easy Advance loan program ranging from $500 to $6,250, a Refund Transfer service with no upfront fees, and the DEEPBLUE™ Debit Account. With over 2,700 locations, Liberty Tax aims to provide a seamless experience, enhancing financial products to cater to both consumers and small businesses.

Liberty Tax, a prominent tax service provider, has announced its acquisition of Community Tax LLC, a leader in tax debt resolution services. This strategic move aims to enhance Liberty Tax's service offerings for franchisees and strengthen its market position as a major player in tax debt settlement. Community Tax, founded in 2010, employs a unique two-phased approach to resolving tax issues and serves both English and Spanish-speaking clients. This acquisition is projected to create significant revenue opportunities for Liberty Tax franchise owners and expand its reach to over 30 million small and medium enterprises.